KYUK AM

Economy

Stories about the local, state, or national economy.

Federal Judge Temporarily Blocks Aid To Alaska Native Corporations

Apr 29, 2020
Alaska Sens. Lisa Murkowski and Dan Sullivan photographed in 2015. On Monday, Murkowski and Sullivan said they were disappointed that U.S. District Court for the District of Columbia Judge Amit Mehta temporarily blocked the federal government from paying
Mikko Wilson / KTOO

A federal judge temporarily blocked the federal government from paying CARES Act funding to Alaska Native corporations. 

Ravn Files Plan To Liquidate As Bankruptcy Proceeds

Apr 29, 2020
Ravn Alaska photo

Ravn Air Group has proposed a plan in bankruptcy court to sell all of its assets, including airplanes, to go toward paying off the company’s debts.

Katie Basile / KYUK

Ravn Air Group’s bankruptcy left state officials and health providers scrambling to figure out how to transport rural patients who test positive for the coronavirus. Two weeks later, more than a dozen villages still don’t have regular air service. While the state plans to use the National Guard to help transport COVID-19 patients from rural communities, the lack of reliable air service is putting a financial burden on rural healthcare providers who pay more for charter flights to get patients to hospitals.


Dunleavy Says Restaurants And Other Retail Businesses Can Reopen April 24

Apr 22, 2020
Dr. Anne Zink, Alaska’s chief medical officer, and Gov. Mike Dunleavy speak at a news conference on Monday, April, 6, 2020.
Governor’s office photo

On April 21, Gov. Mike Dunleavy announced on that restaurants and other retail businesses can begin offering more services on Friday, April 24, if they follow certain health guidelines.

Krysti Shallenberger / KYUK

With oil prices tumbling to their lowest level in over a decade, some people in rural Alaska are wondering if that will mean lower electric bills. The Alaska Village Electric Cooperative, or AVEC, says that it bought its fuel far in advance, which means that the savings will be small.

Katie Basile / KYUK

This article originally appeared on Alaska Public Media. 

Congress allocated $8 billion for tribes in its $2.2 trillion coronavirus response bill. Alaska’s Congressional delegation says the CARES Act clearly says Alaska Native Corporations are eligible for that money, too.

Teresa Cotsirilos / KYUK

A deadline for tribes to apply for federal funding is coming up at the end of the week, and Calista Corporation worries that tribal leaders don’t have enough time or internet bandwidth to meet it.

Greg Kim / KYUK

A dramatic drop in patient visits has plunged the Yukon-Kuskokwim Health Corporation into a steep financial decline. The organization’s leadership warns that the large revenue loss could soon lead to furloughs and layoffs.


Courtesy of BCSF

The Bethel Community Service Foundation has eight $2,000 grants from the COVID-19 Response Fund to help nonprofits and businesses that are on the frontlines of the coronavirus pandemic. 

Katie Basile / KYUK

The article originally appeared on Alaska Public Media. 

According to documents filed in federal court, Alaska’s largest rural airline is $90 million in debt and could be forced to sell its assets and shut down permanently. This would put rural travel and supply lines in peril unless the government or new investors come to the aid of the bankrupt company.

Pages