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Up to $83 million in federal funds have been approved for small business loans to be offered through a consortium of Alaska tribes. Announced last Tuesday, the funds are part of the U.S. Treasury’s broader effort to support tribal economies, with up to $415 million being funneled into developing the economies of 220 tribes, according to a Treasury news release. Of that group, 125 tribes make up the consortium from Alaska. “These funds will serve some of the most rural populations in the United States, creating jobs and expanding capital acc... Full story
Inflation, operating costs and workforce shortages are the most common challenges facing small businesses in Alaska, according to a new survey. The Alaska Small Business Development Center survey tracks small business growth in the state and projects future trends. This is the seventh annual report. Inflation was most frequently cited as the top issue facing Alaska’s small businesses. However, survey respondents identified inflation as an issue for businesses more broadly, rather than an immediate one for their specific business. Only 12% named... Full story
