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Application Deadline Date
The Micro Enterprise Fund strives to increase access to Micro Enterprise and self-employment opportunities for persons with disabilities who are Alaska Mental Health Trust Beneficiaries. Grant funds may be used for costs associated with starting a new business, expanding a current business or acquiring an existing business.
Definition of a Micro Enterprise
The business must meet the definition of a micro enterprise, which is a business with total capital needs of not more than $35,000 and fewer than 5 employees.
Allowable Uses of a Grant Award
Allowable costs include but are not limited to: business license, insurance, permits, inventory, raw materials to make a product, equipment, supplies, rent or lease for space to offer a service or product, utilities, furnishings, marketing activities, transportation costs not related to vehicle purchases, accounting services and training/support services.
MEGRANT Application Process
You may download the application from the link provided below, save it to your computer and fill it in electronically or print it and complete the paper copy.
Once completed it may be emailed, mailed, or dropped off in person. Applications MUST be received by 12 noon on the deadline. Applications arriving after the deadline will not be accepted.
Application Guidelines: **Due by 12PM Noon on day of deadline**
The grant amounts people request varies depending on the business. Applicants can request a minimum of $500 and a maximum of $10,000. Multiple applications per applicant are accepted in different review periods, but the lifetime maximum is $10,000. (For example, if Joe is awarded $3,000 in 2010 he can request up to $7,000 in subsequent applications).
If you are requesting $500 - $1,000 you are required to submit this application and the following supporting documentation:
- Proof of Mental Health Trust Authority Beneficiary Status
- Documentation of your dollar for dollar match. If a portion of your match is from DVR: You will need to show DVR approval.
- Quotes and Specification sheets for items awarded funds will purchase.
- Business Plan that includes all the following parts:
- Description of business
- Operating plan
- Financial management plan
- Feasibility research
- Profit and loss (3 yrs)
- Cash flow (3 yrs)
- Marketing Plan
Eligibility: To be eligible for a grant from the Microenterprise Fund, applicants must be an Alaska Mental Health Trust Beneficiary, as defined by the Trust:
a. People with mental illness: Statutory definition [AS 47.30.056(d)]:
b. People with developmental disabilities: Statutory definition [AS 47.30.056(e)]:
c. People with chronic alcoholism: Statutory definition [AS 47.30.056(f)]:
d. People with Alzheimer’s disease and related dementia: Statutory definition [AS 47.30.056(g)]
e. People with Traumatic Brain Injury
Applicants are required to provide documentation of their beneficiary status, with the submission of their application, which can be:
a. Medical documentation - from a Doctor and that includes a diagnosis;
b. Social Security Disability Insurance or Supplemental Security Income disability determination;
c. Vocational Rehabilitation Eligibility statement based on beneficiary disability type;
d. Other legal documentation of disability as deemed acceptable by the fund administrator
You can download additional information in a PDF document here:
AK Mental Health Trust Beneficiary Groups
Information regarding Mental Health Trust Authority Beneficiary groups
Alaska Small Business Development Center
Workshops, consultation, tools, and resources for small businesses
General information about eligibility, supports, services, and the rehabilitation process
Small Business Administration
Provides information and support to small businesses including online classes, templates, and resources
AK Department of Commerce, Community, and Economic Development
Provides information about owning, operating and establishing a small business in AK
Small Business Assistance Center
Part of the Commerce, Community, and Economic Development web site with specific tools and assistance for small business owners
Online resources and templates