Although the Municipality of Anchorage received $156 million in CARES Act funds, only 3.8 percent of it will be designated for small businesses and nonprofits suffering from the COVID economy. That’s $6 million.

The Municipality on Saturday closed its application period for grants for businesses that have been hurt by government mandates.

The Muni says that more grant applications came in than there is funding set aside for businesses, so the Muni will hold a random drawing on Thursday,…

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