Beginning on June 1st, small businesses were able to apply for AK CARES Act relief funding, which is Federal funds intended to help support local businesses during the COVID-19 pandemic. Since then, the Department of Commerce, Community, and Economic Development (DCCED) and AIDEA have had difficulties getting the money to applicants; of the $290 million in relief funds allocated by the Legislature in May, only a small percentage of those funds have been distributed to local businesses. In response, multiple House committees held hearings to take public comment about the AK CARES Act program.
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