The City of Kenai will offer relief to Kenai businesses that did not apply for full assistance under the city’s previous relief program, following a vote in favor of the program by the Kenai City Council during their Feb. 17 meeting.
The city offered two rounds of its CARES Act Relief and Recovery Grant program last year, which saw around $3.7 million awarded to businesses. The new program is specifically for businesses that did not previously apply or did not apply for the maximum amount of grants last year. The council appropriated $200,000 for the new program.
Grant amounts will be based on businesses’ 2019 gross revenues sans any grant funds they already received.
Businesses with 2019 revenues of between $20,000 and $50,000 are eligible for up to $1,750. Businesses with 2019 revenues of between $50,000 and $100,000 are eligible for up to $3,500. Businesses with 2019 revenues of between $100,000 and $250,000 are eligible for up to $8,750. Businesses with 2019 revenues of between $250,000 and $500,000 are eligible for up to $17,500. Businesses with 2019 revenues of more than $500,000 are eligible for up to $35,000.
The program is limited to businesses that maintain a permanent physical presence in the City of Kenai.
Applications, which will be accepted Feb. 22 through March 22, can be accessed and submitted online at kenai.city, by email to grantsadmin@kenai.city or hand delivered or mailed to Kenai City Hall at 210 Fidalgo, Ave., Kenai, AK, 99611, Attn: Grant Review Committee. Further questions can be directed to Kenai City Manager Paul Ostrander at 283-8222.
Reach reporter Ashlyn O’Hara at ashlyn.ohara@peninsulaclarion.com.
