Anchorage, Alaska (KINY) - Gov. Mike Dunleavy has announced new steps taken to advance the Alaska COVID-19 Economic Stabilization Plan.
Alongside a disaster order suspending certain fees and fines across state government, Governor Dunleavy highlighted major progress toward the creation of a state-backed loan program run by the Alaska Industrial Development and Export Authority.
The COVID-19 Disaster Order of Suspension No. 2 suspends certain fees and fines within the Department of Health and Social Services, Department of Administration, Department of Commerce, Department of Labor, and the Department of Revenue through May 11.
“This Disaster Order of Suspension will help individual Alaskans and the business community navigate through the economic impacts our state faces as a result of this virus. I have directed the members of my cabinet to find ways to provide support to those who are suffering, and this Disaster Order is the just one of the dynamic steps we will be taking,” said Governor Mike Dunleavy.
On Friday, the AIDEA Board unanimously approved the Sustaining Alaska’s Future Economy Guaranty Program. Alaskan businesses with existing lines of credit through any lending institution in Alaska will be able to apply for a loan increase of up to $1 million dollars. These loans will be backed by the state through AIDEA.
“In the face of the global coronavirus pandemic, we have not forgotten our great Alaskan business community. As I previously announced, the state of Alaska will back loans to businesses of all sizes in order to keep our great Alaskan workers employed. The vehicle for this loan program has now been approved by the Alaska Industrial Development and Export Authority,” said Governor Dunleavy. “The speed at which we’ve cleared red tape to bring this program into fruition is truly unprecedented.”
For the latest information on Alaska’s response to COVID-19, visit coronavirus.alaska.gov.