City of Fairbanks releases report of CARES Act funding distribution

(Courtesy City of Fairbanks)
(Courtesy City of Fairbanks)(City of Fairbanks)
Published: Oct. 22, 2020 at 4:19 PM AKDT
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FAIRBANKS, Alaska (KTVF) - With most of its CARES Act funding distributed, the City of Fairbanks has released a report detailing where the money was allocated..

Dated October 20th, the report specifies that of the $16 million received by the city under the Act, nearly $7.5 million went to medical facilities, more than $6.5 million was allocated to businesses, and just under $1 million was given to individuals and families.

The remaining $1 million is being used for direct and administrative costs.

The full report can be found on the City of Fairbanks website.

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