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Alaska Growth Capital Announces 2012 Bristol Bay Marketplace Winners

Thursday, May 24, 2012– Anchorage, AK – Alaska Growth Capital is proud to announce the winners of the 2012 Bristol Bay Marketplace, a competition for residents of selected Bristol Bay communities to compete for funding to start or expand Bristol Bay based businesses. Sponsored by the Pebble Limited Partnership and the Pebble Fund, the contest is intended to foster small business development by providing funding for the startup, maintenance and/or expansion of resident-owned small businesses. The Competition is designed to inspire new business opportunities for select Bristol Bay communities and challenges entrepreneurs to compete for several awards ranging up to $50,000.

Alaska Growth Capital held two BBM teleconference workshops for applicants interested in general business practices, business planning, proposal writing, entrepreneurship, etc.  The 2012 Bristol Bay Marketplace had 25 applications, of which five businesses were awarded. The following are the five winning entrepreneurs of the 2012 Bristol Bay Marketplace.


  1.  
  2. Eddie’s Repair– owned by Clyde E. Clark from Naknek, awarded $50,000.00 for a business that is a repair shop to purchase equipment that will expand business and provide more services.
     
  3. Warehouse Mountain Farm– owned by Mark Herrmann of Dillingham, awarded $45,000.00 for an expansion on their business of providing fresh produce to local residents and restaurants in the Bristol Bay region.
     
  4. D&D ATV & Snowmachine Repair– owned by Douglas McCoy from Iliamna, awarded $50,000.00 for parts, tools and expansion of a snowmachine and ATV repair shop.
     
  5. Tanalian Aviation, Inc.– owned by Joel Natwick of Port Alsworth, awarded $45,000.00 for a business that provides helicopter flight instruction and training.

About Alaska Growth Capital
Alaska Growth Capital, Alaska’s only Business and Industrial Development Corporation (BIDCO), is a subsidiary of Arctic Slope Regional Corporation whose mission is “To help our clients grow and thrive in Alaska’s business environment. Alaska Growth is a lending and consulting company which works with many small business owners and entrepreneurs by providing professional and financial support and promoting economic growth in both the rural and urban areas of Alaska.  Alaska Growth Capital is also the only company in Alaska to receive New Markets Tax Credit allocations from the US Treasury, and has successfully deployed them across Alaska as well as Hawaii and Arizona.
Contact information: Chris Kolerok 907.339.6760

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