Fairbanks North Star Borough finishes distribution of CARES Act funding
FAIRBANKS, Alaska (KTVF) - The Fairbanks North Star Borough (FNSB) has officially distributed all of its available CARES Act funding, used for COVID-19 relief.
In a press release on January 21st, the borough announced that $24.6 million have been awarded, mostly in the form of grants, to more than 250 agencies in the community.
Borough Chief of Staff Jim Williams explained that the funds had been allocated to, among other entities, struggling businesses, the University of Alaska Fairbanks, the FNSB school district, the health care industry, and the borough itself.
According to Williams, despite the amount of funds made available, the borough received at least $900,000 in grant requests they weren’t able to provide. “My guess is, if we wouldn’t have turned the application off... just stopped taking applications at one point, we probably would have seen more, but there was definitely more need than we were able to fund.”
Williams said nothing official has been established in terms of more of the same kind of funding for the borough. He said,“ My bigger hope is that the pandemic, as we get vaccinations out and folks are doing what they’re supposed to be doing, that this is kind of in our rearview mirror here soon. That’s my biggest hope and that we kind of get back to normal, and kind of be in the way we need to be, so we just gotta be a little bit more patient for a little bit longer.”
Williams estimated that less than $2 of the fund were left over after distribution. More information, as well as a listing of all grants disbursed, can be found on the borough website.
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