Small Business Development Center Adds $83M for Tribal Credit Initiative
A State Small Business Credit Initiative backed by more than $83 million will drive private-sector development in rural and Alaska Native-owned businesses.
Tag: Nome
Challenging Quintillion Cable Repair Complete
The crew sent to fix the Quintillion undersea cable encountered ice, difficult currents, and a food shortage in its effort to fix the link.
BSNC Invests $2M into Graphite One
The board of directors of Bering Straits Native Corporation approved a $2 million investment in Graphite One to complete a feasibility study for a mine near Nome.
Northrim Bank Opens Full-Service Financial Center in Nome
Northrim Bank cut the ribbon on permanent offices for its financial center in Nome, after serving customers from a temporary location since December in the aftermath of typhoon Merbok.
Federal Financing Supports Broadband Expansions in Northwest Alaska by Fastwyre and Unicom
The US Department of Agriculture awarded two grants totaling $70 million to Fastwyre Broadband, formerly TelAlaska, while GCI subsidiary Unicom is working with $9 million secured under the New Markets Tax Credit.
Graphite One Awarded $37.5M National Defense Grant for Feasibility Study
The company reviving a graphite mine north of Nome received a $37.5 million grant from the US Department of Defense to complete a feasibility study.
USDA Rural Development Funding for a Hotel, Helicopter, and Seafood Processor
US Department of Agriculture grants and loan guarantees pay for village infrastructure upgrades, new fishing vessels, and a helicopter.
Defense Spending Bill Steers $332M to Alaska
The National Defense Authorization Act authorizes $100 million for extending the JBER runway and $68 million for a dormitory at Clear Space Force Station.
Northrim Bank Opens Nome Branch
The typhoon that battered the Western Alaska coast in September hastened the opening of a Northrim Bank branch in Nome.
Sitnasuak Subsidiary Acquires Camouflage Printing Company
A subsidiary of the Alaska Native corporation for Nome is integrating its military uniform supply chain by acquiring a South Carolina company that prints camouflage patterns.