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Alaska Economic Development Directory


AK Statewide Economic Development Agencies

Alaska Division of Economic Development
Glenn Haight
Development Manager
P.O. Box 110804
Juneau, AK USA 99811-0804
907-465-6144
glenn.haight@alaska.gov
www.commerce.state.ak.us/ded
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

AK Utilities

Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

AK Regional Economic Development Agencies

Fairbanks Economic Development Corporation
Jim Dodson
President
301 Cushman Street, Suite 301
Fairbanks, AK USA 99701-4629
907-452-2185
info@investfairbanks.com
www.investfairbanks.com
Kawerak, Inc. (Bering Straits Region)
Barb Nickels
Regional Director, Community Planning & Development
P.O. Box 948
Nome, AK USA 99762
907-443-5231
bnichels@kawerak.org
www.kawerak.org
Kenai Peninsula Economic Development District, Inc.
John Parker
Executive Director
14896 Kenai Spur Highway, Suite 103A
Kenai, AK USA 99611-7756
907-283-3335 224
jparker@kpedd.org
www.kpedd.org
Lower Kuskokwim Economic Development Council
Carl Berger
Executive Director
P.O. Box 2021
Bethel, AK 99559
907-543-5967
carl_berger@ddc-alaska.org
www.kpedd.org
Northwest Arctic Borough
Jade Hill
Director of Economic Development
P.O. Box 1110
Kotzebue, AK USA 99752
907-442-2500 115
jhill@nwabor.org
www.nwabor.org
Prince William Sound Economic Development District
Sue Cogswell
Executive Director
2207 Spenard Road, Suite 207
Anchorage, AK USA 99503
907-222-2440
pwsedd@alaska.net
www.pwsedd.org
Southeast Conference
Shelly Wright
Executive Director
P.O. Box 21989
Juneau, AK USA 99802-1989
907-523-2321
info@seconference.org
www.seconference.org
Southwest Alaska Municipal Conference
Andy Varner
Economic Development Specialist
3300 Arctic Boulevard, Suite 203
Anchorage, AK USA 99503-4579
907-562-7380
admin@swamc.org
www.swamc.org

AK County Economic Development Agencies

Copper Valley Development Association, Inc.
Clair Scribner
Program Coordinator
P.O. Box 9
Glennallen, AK USA 99588
907-822-5001
cvda@cvinternet.net
www.coppervalley.org
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

AK City Economic Development Agencies

Anchorage Economic Development Corporation
Bill Popp
President & CEO
900 West 5th Avenue, Suite 300
Anchorage, AK USA 99501-2048
907-258-3700
bpopp@aedcweb.com
www.aedcweb.com
Bristol Bay Economic Development Corporation
Alice Ruby
Economic Development & Brokerage Coordinator
P.O. Box 1464
Dillingham, AK USA 99576
907-842-6411
alice@bbedc.com
www.bbedc.com
Fairbanks North Star Borough
Jim Whitaker
Mayor
809 Pioneer Road, P.O. Box 71267
Fairbanks, AK USA 99707-1267
907-459-1000
mayor@co.fairbanks.ak.us
www.co.fairbanks.ak.us
Juneau Economic Development Council
Brian Holst
Executive Director
612 West Willoughby Avenue, Suite A
Juneau, AK USA 99801-1732
907-523-2300
bholst@jedc.org
www.jedc.org
Sitka Economic Development Association
Garry White
Executive Director
329 Harbor Drive, Suite 212
Sitka, AK USA 99835
907-747-2660
inforequest@sitka.net
www.sitka.net

Alaska State Incentives

RURAL DEVELOPMENT INITIATIVE FUND: Provides private sector employment by financing the start-up and expansion of businesses that will create significant long-term employment.

  • Loans may be made to a business located in a community with a population of 5,000 or less that is not connected by road or rail to Anchorage or Fairbanks, or with a population of 2,000 or less that is connected by road or rail to Anchorage or Fairbanks.
  • Loans may be made for working capital, equipment, construction or other commercial purposes.
  • Loans may not be made to pay costs that were incurred more than 6 months before loan application.
  • Loans must result in the creation of new jobs or the retention of existing jobs in the eligible community.

SMALL BUSINESS ECONOMIC DEVELOPMENT (SBED): Provides private sector employment by financing the start-up and expansion of businesses that will create significant long-term employment. Generally, a business must have fewer than 500 employees, have a net worth under $6 million and have an average net income after federal taxes for the preceding two years less than $2 million to qualify. Eligibility for the SBED program includes all communities in the state of Alaska with a population of less than 30,000. Loans in communities of 30,000 or more are available on a limited basis, depending on funds availability.

ALASKA FILM PRODUCTION INCENTIVE PROGRAM: Applicants can qualify for up to 44 percent in a transferable tax credit on qualified production expenditures in Alaska. Eligible projects are broadly defined as film, documentary, commercial and video productions requiring a minimum of $100,000 of qualified expenditures in Alaska.

OIL AND GAS EXPLORATION TAX CREDITS: Allow for a production tax credit for certain exploration geophysical survey and drilling activities as an alternative to the QCE credits under AS 43.55.023. Provisions for exploration drilling credits under this statute are different for areas inside of and outside of the Cook Inlet sedimentary basin.

MINERALS EXPLORATION TAX CREDITS: Taxpayers may take a credit for 100% of eligible costs of exploration activities related to determining existence, location, extent or quality of a locatable mineral or coal deposit. The incentive may not exceed $20 million and must be applied within 15 tax years after the taking of the credit is approved. Application of the credit is limited to 50 percent of the lesser of the taxpayer’s mining license tax liability or 50 percent of the taxpayer’s total corporation net income tax liability.

The COMMERCIAL FISHING AND AGRICULTURE BANK provides loans to fishing, tourism, natural resources and agriculture-based projects. The Division of Investments provides loans to fishing enterprises and other small business ventures.

ALASKA GROWTH CAPITAL: Provides financing to nontraditional borrowers/businesses that use innovative technology, are in rural Alaska and are minority-owned.

COMMERCIAL FISHING LOAN FUND: Provides long-term, low interest loans to promote the development of predominantly resident fisheries, and continued maintenance of commercial fishing vessels and gear for the purpose of improving the quality of Alaska seafood products. Must be an Alaska resident for the past 2 years, child support payments must not be past due and must provide a copy of each applicant’s valid government issued identification at or before loan closing.

FILM INCENTIVE PROGRAM: Provides a transferable tax credit for qualified film production expenditures as an incentive to attract large scale film production in Alaska.

•    Must spend at least $100,000 in a consecutive 24 month period.
•    30 percent transferable tax credit on qualified expenditures.
•    Claim an extra 10% for wages paid to Alaska residents.
•    Claim an extra 2% if filming in a rural area.
•    Claim an extra 2% if filming between October 1 and March 30.
•    No salary cap per employee per production.

MICRO LOAN PROGRAM FOR WOMEN ENTREPRENEURS: Provides lending opportunities to women-owned businesses which may or may not qualify for conventional funding. The loans also serve as an opportunity for women to establish credit for their businesses. Women entrepreneurs interested in a loan of up to $10,000 to start, develop or stabilize a viable business must:

  • be a U.S. citizen
  • be at least 21 years old and have no criminal record
  • be 51% owner and operator of the small business
  • have a solid, completed business plan for a viable enterprise
  • show proof of entrepreneurship capabilities
  • submit a complete loan package

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