Finance is more than just banking. Our coverage includes financial security, business loans, and wealth management services for small businesses, large corporations, and everything in between. Even simple financial transactions can be complicated, so Alaska Business relies on the state’s financial institutions to provide us with crucial and timely information that we pass on to our readers.
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These programs recognize the nation’s most innovative organizations with inclusive approaches towards supporting entrepreneurs in research and development.
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.
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Alaska Problems Require Alaska Solutions
On January 16, a fire destroyed the water plant and washeteria in the southwest Alaska village of Tuluksak. For the village of about 350 people, it was a devastating blow. The water plant was the only source of drinking water in the village, in which the primarily Yup’ik residents lack indoor plumbing and rely on honey buckets, not uncommon in the flat, swampy region.