Alaska service industry cheers new federal relief funding

ANCHORAGE, Alaska (AP) — Small businesses in Alaska say new federal coronavirus relief funds will provide needed aid, especially for those in the service industry facing their slowest time of the year.

The aid package grants almost $300 billion nationwide in new forgivable loans. The first round of federal aid in March provided about $1.3 billion to roughly 12,000 Alaska businesses, the Anchorage Daily News reported Tuesday.

The new package provides extra money for restaurants, breweries, bars, hotels, live venues, movie theaters and cultural institutions, which were hit hard by public health...


Reader Comments(0)