For the Fairbanks Concert Association, there have been no live performances for more than a year.
Alaskans have a little less than a week to apply for the Paycheck Protection Plan, which is designed to keep workers on the payroll instead of unemployment insurance.
The new relief bill expands eligibility for the loans to include nonprofits, live venues and cultural institutions that have been struggling due to pandemic-forced closures.
A dozen Alaska companies got $5 million to $10 million apiece.
Previously, the PPP recognized crew members as “self-employed” by the Internal Revenue Service. The previous requirements left crew wages out of the equation when applying for the loans.
Some business owners and advocates said the changes don’t go far enough, and that the Legislature should reconvene to pass a bill allowing more businesses to be eligible.
The Small Business Administration isn’t taking any new loan applications unless you work in agriculture.
Banks are processing Paycheck Protection Program applications again this week, racing to press their loans through the Small Business Administration before the fund is depleted for a second time.
No state fared worse than Alaska in receiving COVID-19 disaster loans from the Small Business Administration.
Thousands of Alaskans are in the same spot: Congress is spending hundreds of billions to put money in the hands of business owners, but they’ve received none of it and their businesses are suffering.