US Department of Commerce Invests to Help the Native Village of Napaimute
Grant aims to boost commercial activity in the wood products sector
WASHINGTON, DC—The US Department of Commerce’s Economic Development Administration (EDA) announced that it is investing to help the Native Village of Napaimute, Alaska, acquire vital equipment needed to spur economic growth in the wood products sector.
“Supporting locally-devised strategies to boost economic opportunity is a major focus of the Trump Administration,” said US Assistant Secretary of Commerce for Economic Development Dr. John Fleming. “The new equipment to be employed by the Native Village of Napaimute will help them continue to compete in the wood products industry.”
A $589,000 EDA grant will help the Village acquire a waterborne landing craft that will aid the transport of harvested wood products. The addition of the waterborne landing craft will help the Native Village of Napaimute increase economic transactions and foster conditions that will be conducive to the creation of business and employment opportunities.
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The Corporate 100
Alaska Business has been celebrating the corporations that have a significant impact on Alaska’s economy since 1993. At the time, the corporations weren’t ranked as the list didn’t have specific ranking criteria. Instead, the Alaska Business editorial team held long, detailed, and occasionally passionate discussions about which organizations around the state were providing jobs, owned or leased property, used local vendors, demonstrated a high level of community engagement, and in general enriched Alaska.