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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This year the Alaska Railroad is celebrating 100 years of transportation people and cargo around Alaska. While the railroad is one of the states oldest transporters, it certainly isn’t the only one, and in this issue of Alaska Business we also check in on the Marine Highway, Span Alaska, and the White Pass & Yukon Route. For those interested in Southeast, our focus on that region provides updates on Kensington Mine, Tongass FCU, the troll fishery, and Juneau’s growing landfill.