Juneau businesses still have a chance to apply for COVID-19 relief

Juneau businesses that have been financially harmed by the pandemic have another opportunity to apply for relief through the CBJ Business Sustainability Grant Program. The Juneau Assembly has appropriated $14 million of CARES Act funding to provide financial support to businesses, and nearly $13 million of this funding has already been awarded to Juneau businesses. The program, which is administered by the Juneau Economic Development Council, has been reopened to allocate the approximately $1 million remaining on a first come, first served basis. Find more information and apply today here.

Businesses can apply for one of two grants, depending on their needs:

Expanded Grants (Phase 2)
Intended to offset eligible business expenses incurred and paid from April 1 through October 31, 2020. Eligibility requirements:

• Proof of a year-over-year decrease in revenue, which equals or exceeds 20%, beginning in April 2020
• Fishermen with a permanent Juneau residence can apply — however, the requirements for documentation that fishermen may be required to present may be different than those for other businesses
• Marijuana businesses are not eligible for funding under this grant

Small Business Express Grants (Phase 3)
Intended for smaller businesses and have a maximum award of 10% of 2019 gross business revenue, or $5,000, whichever is less. Eligibility requirements:

• A business that receives a Phase 1 or Phase 2 grant that exceeds $5,000, individually or combined, is not eligible for a Phase 3 grant
• Business needs to certify that it has been adversely impacted by the pandemic

For more information, contact JEDC at 523-2343 or [email protected]. You can go to the website and apply today jedc.org/re-opened-business-sustainability-grant.