CARES Act Relief

Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act and appropriated approximately $8 billion from the Coronavirus Relief Fund (CRF) for payments to Indian Tribes. Due to litigation, the funding designated for Alaska Native Corporations (ANCs) was delayed. Following the U.S. Supreme Court’s decision to include ANCs under the CARES Act’s definition of “Indian Tribes,” The Eyak Corporation (TEC) received $967,500 from the U.S. Department of the Treasury (“U.S. Treasury”) that will be utilized in part to provide direct
assistance to TEC Shareholders who were directly impacted by the COVID-19 public health emergency.

TEC’s Board of Directors met on October 1, 2021 and passed Resolution 211001-01. This resolution authorized TEC to provide CARES Act funding relief to Shareholders and The Eyak Foundation in accordance with guidelines established by the U.S Treasury.

Shareholders may apply for assistance using the enclosed form to address basic necessities that were impacted or disrupted because of the COVID-19 public health emergency like loss of income, maintaining adequate housing, addressing disruptions in transportation, food shortages, medical needs, increased utility costs, mortgage/rental assistance, and other expenses directly resulting from the COVID-19 public health emergency.

TEC must comply with U.S. Treasury’s requirements for CARES Act expenditures. Accordingly, all applicants must certify that they meet eligibility requirements. To ensure compliance with eligibility requirements, each Shareholder must submit an application for assistance. Each Shareholder may be eligible for a one-time individual assistance payment up to $1,600. TEC will determine the final amount based on individual need and the amount of funds that remain available to provide assistance and relief. In order to provide economic
relief, Shareholder applicants must certify individual need and impact.

Please read the following CARES Act Guidelines and fill out an Application to apply for this assistance. *All applications are due by November 12, 2021.
 

You can download the guidelines an application here:

Guidelines.pdf

Application.pdf

Company News 2022

The Eyak Corporation announces Thomas Mack as new Chief Executive Officer

The Eyak Corporation (TEC) is excited to announce Thomas Mack as its new Chief Executive Officer (CEO). Previously, Mack worked with The Aleut Corporation for fifteen years, first as President, and the last four as President and CEO.

"I am humbled and honored to build on what Rod Worl, the Board and staff have built at TEC," Mack said. "My goals will be to continue building new opportunities..."

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