MOA Announced 3rd Round of Small Business Relief Grants

On Friday, December 11, 2020, the Municipality of Anchorage announced the third round of the Small Business Relief Grant program. Applications will open on Friday, December 18, 2020, and close on January 11, 2021, at 5:00 p.m.

You can read the full press release here: MOA Announced 3rd Small Business Relief Grants
Administered by Cook Inlet Lending Center (CILC), more than $7 million is available to previously waitlisted businesses and an expanded pool of new applicants to support business operations. Award recipients will receive $10,000 each once CILC completes processing applications from eligible businesses:
    • $5 million is designated for waitlisted businesses from previous small business grant applications. Waitlisted applicants do not have to reapply.
    • $1.9 million for applicants that did not previously apply to the Small Business Relief Grant program, as well as any remaining waitlisted applicants. Awardees will be chosen via a random selection; previously waitlisted businesses will automatically advance to the random selection and do not have to reapply.
    • $120,000 to fund franchises that previously applied for relief but did not receive a grant solely because of their status as a franchise.
Applicants that received funding in a previous round of the Small Business Grant program are not eligible for an additional award.

 

Eligible entities may apply online at cookinletlending.com beginning December 18th. Applications may also be emailed to reliefgrant@cookinletlending.com or be submitted in person at 3600 Spenard Road, Suite 100.
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