Alaska Business Owner Selected for Goldman Sachs 10,000 Small Businesses Program
Linnea Cummings, founder and owner of Alaska Dinner Factory, has been selected and is participating in the highly-competitive Goldman Sachs 10,000 Small Businesses Program. The program is designed to spur small business growth by providing an intensive course structure, mentorship, and advisory services over a three-month period. The goal: creating jobs and economic opportunity.
Cummings opened her business, Alaska Dinner Factory, in November 2006 as a meal assembly kitchen, enabling customers to prepare meals efficiently and bring them home ready-to-cook. In 2012, she introduced Delivery Club, a subscription-based program allowing customers to place orders and have their meals prepared and delivered to their home each month. This allowed Alaska Dinner Factory to expand out of Anchorage, with membership doubling in the past year alone.
In 2015, Cummings opened a second division, Alaska Fresh, after becoming Medicaid waiver-certified to provide meals to the homes of seniors and vulnerable recipients. She delivers cooked, single-serving lunches and dinners around Anchorage daily.
The Goldman Sachs program is only open to small businesses that have been in business for at least two years, have four or more employees, and have revenues in excess of $150,000 annually. The main focus of the program is the Growth Plan in which participants outline how they are going to increase employment. Alaska Dinner Factory currently employs 8-10 staff; the Growth Plan calls for tripling the work force over the next five years.
During the three months of the program, Cummings is on-site at Babson College in Massachusetts for two separate weeks. During the rest of the time, she participates in online courses and in-depth discussion sessions daily, with meetings with her individual advisor, as well. The process began with rigorous diagnostics of her business, opportunity assessments, and market options; and concludes at the end of November with her Growth Plan and subsequent actions. All expenses are covered by the program.
In addition to her business success, Cummings is an enthusiastic contributor to Anchorage community life: Alaska Dinner Factory is a School Business Partner and has made donations to more than 120 community groups and nonprofits. Cummings is a charter member of Women Entrepreneurs of Alaska and was in the Top Forty Under 40 in 2007.
Alaska Dinner Factory is located at 5905 Lake Otis Parkway and is open M-F 11-7 and Sa 9-3. www.alaskadinnerfactory.com