Tim Dillon, executive director of KPEDD, presents to the Kenai Peninsula Borough Assembly on Tuesday, Jan. 5, 2021. (Photo by Ashlyn O’Hara/Peninsula Clarion)

Tim Dillon, executive director of KPEDD, presents to the Kenai Peninsula Borough Assembly on Tuesday, Jan. 5, 2021. (Photo by Ashlyn O’Hara/Peninsula Clarion)

KPEDD to survey businessed on how to use rescue funds

The Kenai Peninsula Borough Economic Development District is helping the state plan for how to best use funds it receives from the federal government via the American Rescue Plan.

In partnership with the State of Alaska, state lawmakers and the Alaska Small Business Development Survey, KPEDD created a survey to be circulated among businesses statewide. The survey is open through the end of next week.

“Participation in this survey will help to ensure that state and local policy makers have the information they need to make the best possible decisions in allocating funds from the American Rescue Act and additional funding opportunities that arise,” wrote KPEDD Executive Director Tim Dillon in a press release.

The American Rescue Plan, which is more than 240 pages long, was signed into law by President Joe Biden last month and is one of the largest economic stimulus bills in U.S. history, comparable only to the CARES Act, which was passed last year.

Roughly $1.36 billion in federal funding is expected to flow into Alaska, including just over $1 billion for the state government, $45 million for Anchorage, $44 million for non-counties, $142 million for counties and $112 million for capital projects, according to data prepared by the National Association of Counties.

The survey can be accessed at surveymonkey.com/r/C19AKIndustryImpact and closes on April 23 at 5 p.m.

Reach reporter Ashlyn O’Hara at ashlyn.ohara@peninsulaclarion.com.

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