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Economy

Stories about the local, state, or national economy.

The Paycheck Protection Program and the Economic Injury Disaster Loan are two forgivable loans available to businesses affected by the COVID-19 pandemic.
Small Business Administration

Small businesses in the Y-K Delta that are struggling financially during the COVID-19 pandemic should apply for forgivable loans paid for by the $2.2 trillion CARES Act. It may be confusing how much money is available, how you can apply, and when you would receive those funds. 

A boat rides down a river near Quinhagak.
Krysti Shallenberger / KYUK

Quinhagak community leaders are asking the State of Alaska to close sport fishing in the waterways of the Kuskokwim Bay this summer. The request precedes an appeal from Dillingham city and tribal leaders asking the governor to close Bristol Bay’s commercial salmon fishery.

Dean Swope / KYUK

Donlin Gold has suspended its drilling program, and plans to remove most of its employees from its remote work camp in the Yukon-Kuskokwim Delta starting April 9. This comes as the state ramps up health mandates to prevent the spread of the coronavirus. 


An Alaska Airlines plane at Juneau International Airport on March 3, 2003.
Creative Commons photo by Gillfoto

Alaska Airlines says that it will keep flying to all the communities it currently serves. The company issued a news release stating this commitment after Ravn Air Group’s abrupt announcement that it would end all flights, lay off employees, and file for bankruptcy.

Courtesy of Alaska Department of Transportation

The tiny Kuskokwim River village of Stony River is trying to figure out how to get basic medical and food supplies for its residents after RavnAir halted flights to Yukon-Kuskokwim Delta villages on April 2. While one airline will bring mail to Stony River, how the community will get medicine and sanitation supplies is still in question. Ravn’s decision made it harder for Stony River to prepare for a COVID-19 outbreak.


www.censushardtocountmaps2020.us

Virus or not, the U.S. Census is underway. Americans are going online, to the phone, and to the mailbox to complete the once-a-decade questionnaire. But so far, Alaska has the lowest response rate of any state in the union.

Ravn To Stop All Service, Lay Off All Staff, And File For Bankruptcy

Apr 5, 2020
RavnAir Group is suspending all operations and temporarily laying off all staff.
Katie Basile / KYUK

After announcing a drastic cut to service last week, RavnAir Group said on April 5 that it would park all 72 of its planes, lay off its remaining staff, and file for Chapter 11 Bankruptcy. 

 

A fleet of Cessna 207 airplanes owned by RavnAir sit grounded on the tarmac after the airline announced they were cutting 90 percent of their service on April 2, 2020.
Katie Basile / KYUK

When RavnAir suddenly discontinued service to rural communities across the state, it left workers without jobs and villages without passenger or mail service. Already, other regional airlines are stepping in to close the gaps Ravn left behind. Three airlines are expanding their routes in the Yukon-Kuskokwim Delta, and some are even hiring.

Calista Releases Its Earliest Spring Distribution Ever

Apr 3, 2020
Thom Leonard

Calista Corporation shareholders should be getting their spring dividend distribution on April 6 if they have signed up for direct deposit.

Katie Basile / KYUK

RavnAir has suspended all flights between villages in the Yukon-Kuskokwim Delta, and to many rural communities across the state.

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