CBJ to Consider Additional Business Grant Funds

An update on the CBJ Business Sustainablity Grant funding from the Juneau Chamber of Commerce.

CALL TO ACTION

Tonight (Sept 21), The CBJ Assembly will be asked to approve an Emergency Appropriation Resolution 2908 This Emergency Appropriation Resolution adds funding to the existing CBJ Business Sustainability Grant program. JEDC estimates that the total amount of eligible grants may exceed available grant funds by up to $2 million. Without additional funds, JEDC will be required to prorate all eligible grant awards to remain within the currently appropriated amount. This process of proration delays disbursement of funds to all applicants because every application must be fully processed before any disbursements can be made. Fully funding all estimated grant applications allows JEDC to move with greatest possible speed to disburse funds to affected small businesses.

Currently, without additional funds, JEDC anticipates prorated grant amounts would be disbursed in late October. If this Emergency Appropriation Resolution passes, JEDC could begin disbursing eligible grant awards as soon as tomorrow.

If the Assembly chooses to not pass this resolution tonight, the Manager will direct JEDC to disburse 75% of full disbursements, beginning tomorrow. The remainder of the disbursements would be scheduled once proration calculations are complete.

Fully funding the Business Sustainability Grant program is important to the businesses, employees and families of Juneau. Please send an email today to encourage the assembly to pass this emergency resolution.

borough_assembly@ci.juneau.ak.us

Tonight (Sept 21), The CBJ Assembly will be asked to approve an Emergency Appropriation Resolution 2908 This Emergency Appropriation Resolution adds funding to the existing CBJ Business Sustainability Grant program. JEDC estimates that the total amount of eligible grants may exceed available grant funds by up to $2 million. Without additional funds, JEDC will be required to prorate all eligible grant awards to remain within the currently appropriated amount. This process of proration delays disbursement of funds to all applicants because every application must be fully processed before any disbursements can be made. Fully funding all estimated grant applications allows JEDC to move with greatest possible speed to disburse funds to affected small businesses.

Currently, without additional funds, JEDC anticipates prorated grant amounts would be disbursed in late October. If this Emergency Appropriation Resolution passes, JEDC could begin disbursing eligible grant awards as soon as tomorrow.

If the Assembly chooses to not pass this resolution tonight, the Manager will direct JEDC to disburse 75% of full disbursements, beginning tomorrow. The remainder of the disbursements would be scheduled once proration calculations are complete.

Fully funding the Business Sustainability Grant program is important to the businesses, employees and families of Juneau. Please send an email today to encourage the assembly to pass this emergency resolution.

borough_assembly@ci.juneau.ak.us