Bernadette Bradley, owner and operator of the longtime Anchorage restaurant and bar Bradley House, says she's been able to make things work thus far, but that she's concerned about the upcoming winter season.
As many Anchorage businesses fight to stay afloat, others have stopped serving customers altogether. Of the latter group, some have closed their doors so that they might hopefully reopen in the future.
Many owners of shops and restaurants in Anchorage are trying to kick-start business while still following local mandates. Several in downtown Anchorage have spilled out on to municipal streets, and in turn, triggered speculation of Anchorage Mayor Ethan Berkowitz’s involvement in their expansions, something the mayor vehemently denies.
Commercial fishing businesses can now apply for the Paycheck Protection Program loans that include crew in payroll costs, as the Department of Treasury and Small Business Administration has amended a rule that previously counted crew as independent contractors, Alaska’s congressional delegation announced Thursday.
Licensed providers will receive assistance based on their licensed capacity for the months of April and May. Those who were open during that time should receive more money per child, according to the state's plan.
During a House Finance Committee meeting held on Wednesday, officials confirmed that small businesses that have accepted federal coronavirus loans are ineligible for state grants. But that could change.
About a dozen customers waited in their cars before the store officially reopened. Jackie Mercado and Janis Joseph say they were excited to finally shop at the retail store again. Joseph says she drove down from Fairbanks for the reopening.
According to a press release, “Reported net loss for the first quarter of 2020 under Generally Accepted Accounting Principles of $232 million, or $1.87 per diluted share, compared to net income of $4 million, or $0.03 per diluted share in the first quarter of 2019.”
Self-employed business owners and those who missed out on assistance through the CARES Act are likely to see hard times in the coming months, with 16% of local businesses set to close shop for good, according to the AEDC.
The state Alcohol and Marijuana Control Boards are in the process of issuing final authorizations for liquor stores and cannabis dispensaries that want to roll out curbside sales during the COVID-19 pandemic.
Before program funding dried up on April 16, close to 5,000 Alaskan businesses were approved for nearly $922 million in federal loans to help continue paying their employees through the COVID-19 pandemic, according to the Small Business Administration (SBA).