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Economy

Stories about the local, state, or national economy.

Courtesy of Association of Village Council Presidents

Tribes now have access to more federal funds thanks to the Coronavirus Aid, Relief, and Economic Security Act, better known as the CARES Act, which was signed into law on March 27.

The Alaska Airlines terminal in Bethel, Alaska.
Katie Basile / KYUK

In the past week, Alaska Airlines has slashed a majority of its flights between Bethel and Anchorage to prevent flying mostly empty planes as more people hunker down at home during the coronavirus pandemic.

Swanson's employees stock shelves in Bethel on March 23, 2020.
Katie Basile / KYUK

Grocery stores in Bethel are expecting another large run on goods this week, and have substantially increased the size of their shipments into Bethel to prepare. 

Courtesy of BCSF

The coronavirus is squeezing the local economy as businesses shutter and people lose their jobs, and Bethel Community Services Foundation wants to provide some relief. The organization has set up a fund to help nonprofits and community service providers who are helping people facing eviction, homelessness, food insecurity, and struggling to pay utility bills. It’s called the COVID-19 Response Fund.

Alex Kim, owner of Chopstix Sushi Restaurant, says he may have to return to Korea if business doesn't pick-up. Bethel restaurants are in peril following mandates that restrict business to delivery and pick-up orders amidst the COVID-19 outbreak. March 31,
Katie Basile / KYUK

Restaurants all over the nation are being ordered to close their doors to avoid spreading the coronavirus, and it's no different in Bethel.

Screengrab from pfd.alaska.gov

Alaskans will have more time to apply for a Permanent Fund dividend this year.

Calista Spring Dividends Arriving

Mar 24, 2020
Calista Corporation

Calista may have closed its offices, but that’s not stopping the regional Native corporation from distributing spring dividends to its shareholders.

An Alaska Cab driver waiting for a rider in May 2007.
Al Grillo / Associated Press

Alaska Cab is still transporting customers around Bethel as of Tuesday, March 24. Bethel's largest taxi company, Kusko Cab, halted all of its vehicles on March 20 due to the threat of COVID-19.

Courtesy of TKC

The Kuskokwim Corporation has closed the doors of its office in Anchorage to the public, and will distribute its annual dividend early to offset the economic fallout from the coronavirus pandemic. Shareholders will begin receiving these dividends on April 10, according to a TKC Facebook post.

Dean Swope / KYUK

With more people staying, working, and learning from home to slow the spread of the coronavirus, and with the rapid flow of critical health information online, GCI is expanding its internet services.

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