State grants are slow to come for eligible businesses

The state’s small business and nonprofit relief program opened on June 1, but the $290 million allocated is taking a while to make its way to businesses in the state.

Under current Alaska CARES Grant Program guidelines, businesses and nonprofits with 50 or fewer employees are eligible if they haven’t received assistance from coronavirus-related federal loan programs—the Paycheck Protection Program (PPP) or the Economic Injury Disaster Loans (EIDL). Grants between $5,000 and $100,000 are awarded…