ASRC Announces 2012 North Slope Marketplace Winners
Arctic Slope Regional Corporation is proud to announce the winners of the 2012 North Slope Marketplace, a competition for residents of North Slope communities to compete for funding to start or expand North Slope-based businesses. The contest is intended to foster small business development by providing funding for the startup, maintenance and/or expansion of shareholder or descendant-owned small businesses. The competition is designed to inspire new business opportunities for North Slope communities and challenges entrepreneurs to compete for awards ranging up to $25,000.
The following are three winning entrepreneurs of the 2012 North Slope Marketplace:
- Rexford’s Gifts by Annie Rexford ($18,000). This is an arts and crafts business that takes raw material such as baleen and ivory and produces tourism quality pieces in Barrow Alaska. The funds will be used to purchase inventory and provide working capital in preparation for next summer.
- Stormi’s Satellite Sales & Service by Godfrey Paul Tuckfield (($17,000). This is a satellite installation, repair and retail operation in Point Hope. The award will be used to purchase inventory and startup space.
- Sylvia-N-Micah’s Movies by Emma and Herb Kinneeveauk ($15,000). This is a small movie rental store with small food offerings and DVD conversion services. The award will be used to purchase inventory and to equipment.
Two additional winning entrepreneurs were announced late last year.
Arctic Slope Regional Corporation is owned by and represents the business interests of the Arctic Slope Iñupiat. Since opening enrollment in 1989 to Alaska Natives born after 1971, the corporation’s shareholder base has nearly tripled, growing from the 3,700 original enrollees to around 11,000 today. Corporate headquarters are based in Barrow, Alaska, with administrative and subsidiary offices located in Anchorage and throughout the United States. ASRC, along with its family of companies, is the largest Alaskan-owned company, employing approximately 10,000 people worldwide. The company has five major business segments: petroleum refining and marketing, energy support services, construction, government services and resource development.