The Kenai Peninsula Borough Assembly approved $15 Million from the CARES Act Relief Fund to be distributed to eligible small businesses and nonprofits, on June 16. Beginning Monday July 13 applicants can apply for a grant from the Relief Fund.
An applicant business or nonprofit must be physically located within the Borough, but not within the boundaries of the incorporated cities. Examples of incorporated cities include Homer, Kachemak, Kenai, Seldovia, Seward, and Soldotna. Examples of unincorporated areas include Anchor Point, Cooper Landing, Hope, Kasilof, Ninilchik, Sterling, among others.
The program is open to all qualifying businesses and nonprofit organizations, regardless of whether they have applied for or have obtained any other state or federal COVID-19 related assistance. The organizations must only be able to provide proof upon request that the borough-provided relief funds have been applied to receipts for expenses not previously requested and received through any other local, state, or federal assistance.
The distribution matrix is the same for small businesses and nonprofit organizations. The differences are based upon the documents needed to qualify based on the type of entity. The application period closes July 24.
