Washington, DC (KINY) - The U.S. Department of Commerce invested $300,000 in CARES Act Funding to Boost the University of Alaska-Anchorage capacity to help communities and businesses respond to and recover from the economic impacts of the Coronavirus pandemic.
“The Trump Administration is eager to allocate these essential CARES Act funds and deliver on our promise to help American communities recover from the impact of COVID-19,” said Secretary of Commerce Wilbur Ross. “I am proud of the perseverance and strength showed by our communities coast to coast throughout this pandemic, and these funds will help provide Alaska with the necessary resources to make a swift and lasting economic comeback.”
“This investment comes at a crucial time to help Alaska’s and our nation’s economy come roaring back and provide hard-working Americans with new opportunities,” said Dana Gartzke, Performing the Delegated Duties of the Assistant Secretary of Commerce for Economic Development. “We are pleased to make this investment in the University of Alaska Center for Economic Development to scale up efforts to assist economic development organizations, tribes, businesses, and entrepreneurs in the state adapt to this global crisis.”
“EDA has made a long-term commitment to Alaska,” said Governor Mike Dunleavy. “The EDA CARES Act funding further sustains and continues the work of our University of Alaska Anchorage, EDA University Center, a program striving to advance economic development across all of Alaska for nearly 30 years. EDA’s ongoing investment is a great example of how the Federal government, State government, and University system can work in close collaboration to help communities, entrepreneurs and small businesses navigate these unprecedented times.”
“The COVID-19 pandemic has affected nearly every area of public life, particularly our economy,” said Congressman Don Young. “The CARES Act was crucial for supporting our economy at a time of crisis and providing funding for recovery. I am pleased to see the Economic Development Administration making significant investments in Alaska’s economy. This funding will go a long way toward ensuring the University of Alaska can continue supporting Alaskan businesses while we work to overcome the threat of COVID-19. I want to thank President Trump and Secretary of Commerce Wilbur Ross for their continued partnership on behalf of our state’s businesses and families.”