Alaska Small Business Grants
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:
- 9,950 registered businesses in Alaska have 0 to 4 employees. People who work at home with sole proprietorship are included in this breakdown.
- 2,805 registered businesses in Alaska have 5 to 9 employees.
- 1,642 registered businesses in Alaska have 10-19 employees.
- 1,144 registered businesses in Alaska have 20-99 employees.
- 297 registered businesses in Alaska have 100 to 499 employees.
- Over 580 registered businesses in Alaska have over 500 employees.
Alaska Business Sector Breakdown in Service Industries:
- 1,860 registered businesses in Alaska are in the Professional, Scientific and Technical Services sector.
- 1,084 registered businesses in Alaska are in the Administrative, Support, Waste Management, and Remediation Services sector.
- 2,013 registered businesses in Alaska are in the Accommodation and Food Services sector.
- More than 1,755 registered businesses in Alaska are also service orientated businesses but are not categorized to the above sectors.
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.
Small Business Grants in Local States
Recent Business Grant Recipients
|Recipient||Project, Industry, Purpose||Amount|
|Frontier Power Systems Inc
|Project: Hire recent engineering graduate for wind-energy consultant
Industry: Manufacturing, Mining and Energy
Purpose: Job Creation
Training / Certification / Wage Support
|Eci Medical Technologies Inc
|Project: Acquire high shear mixer, vacuum deaeration unit
Industry: Health Care, Well Being and Social Assistance
Manufacturing, Mining and Energy
|R amp L Ostriculteurs Lte
|Project: Expansion of oyster culture operations for the company
Industry: Agriculture, Forestry, Fishing and Hunting
Purpose: Expansion Capital
|Synthetic Light amp Sound Ltd
|Project: Establish to produce light and sound demonstrations
Industry: Professional, Scientific and Technical Services
Purpose: New Business Startup
|Ace Hydraulic Ltd
|Project: To purchase equipment, improve productivity and create two new jobs
Industry: Retail Trade/ Services