With more than $3,706.00 million dollars in grants and additional local government funding sources of $3,624.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in Alaska. There are 16,418 business establishments in the state of Alaska, and they break down to the following:
Alaska Business Sector Breakdown by Size:
Alaska Business Sector Breakdown in Service Industries:
If you are in the farming industry, you may be eligible to apply for small business grants as well. There are more than 1,000 farms in the state of Alaska.
Starting and managing a small business in Alaska is not an easy task. Over $12,405,674,000.00 US dollars are paid to employee salaries/payroll alone in the state of Alaska and more than 1,107 businesses declare bankruptcy every single year. Although the federal government does not publically provide grants for starting and expanding a business, in Alaska, some small business grants are given to business owners to start and grow their ventures, and grant recipients do not have to pay back the funding from government. Therefore, it makes sense to look into small business grants as one of your sources to fund your business.
To apply for business grants in Alaska, contact Alaska financial aid agencies.
|Recipient||Project, Industry, Purpose||Amount|
|Project: Design & develop smart agent software
Industry: Information Not Available
Purpose: Business Development and Trade Shows
|Project: Marketing - native spirituality and crafts store
Industry: Arts & Entertainment
Retail Trade/ Services
|Bennett Lodge Ltd
|Project: For subsidizing the wages of a maintenance person
Industry: Accommodation and Food Services
Purpose: Wage Support
|Npv Management Ltd
|Project: Travel to moscow to pursue opportunities for fishing company
Industry: Agriculture, Forestry, Fishing and Hunting
Purpose: Information Not Available
|Project: Manufacturing-capital-establish millwork operation
Industry: Construction/ Professional Trades
New Business Startup