Global investment firm McKinley Management announced the addition of two new members. Penny Gage joins McKinley Alaska Private Investment as a Private Equity Associate working from the Anchorage office.
The fund has doubled in the last ten years, from $40.1 billion in FY 2011, and saw a $15 billion increase in the past year alone.
As of March 31, Northrim has produced more than 5,000 PPP loans. This total of $580 million accounts for approximately 30 percent of all PPP loans made in Alaska.
“The Alaska USA Foundation is proud of the impact we can have on local nonprofit organizations in our communities,” says Dan McCue, Executive Director of the Alaska USA Foundation.
“The recommencement of small boat cruising, small business, and Alaska travel is a key pillar of tourism and growth,” says UnCruise Adventures CEO Dan Blanchard.
Moody’s Investors Service lifted the State of Alaska’s credit rating outlook to stable and reviewed and affirmed the State of Alaska’s general obligation bond rating of Aaa3.