Alaska

  • Micro Loan Program promotes economic development in Alaska by helping small businesses access needed capital.
  • Micro Loan Program for Women Entrepreneurs provides lending opportunities to women-owned businesses which may or may not qualify for conventional funding. The loans also serve as an opportunity for women to establish credit for their businesses.
  • Oil and gas exploration tax credits allow for a production tax credit for certain exploration geophysical survey and drilling activities as an alternative to the QCE credits under AS 43.55.023.
  • Minerals Exploration Tax Credit allows taxpayers to take a credit for 100 percent of eligible costs of exploration activities related to determining existence, location, extent or quality of a locatable mineral or coal deposit.
  • Rural Development Initiative Fund provides private sector employment by financing the start-up and expansion of businesses that will create significant long-term employment.
  • Small Business Economic Development (SBED) provides private sector employment by financing the start-up and expansion of businesses that will create significant long-term employment. Generally, a business must have fewer than 500 employees, have a net worth under $6 million and have an average net income after federal taxes for the preceding two years less than $2 million to qualify. Eligibility for the SBED program includes all communities in the state of Alaska with a population of less than 30,000. Loans in communities of 30,000 or more are available on a limited basis, depending on funds availability.
  • Commercial Fishing and Agriculture Bank provides loans to fishing, tourism, natural resources and agriculture-based projects. The Financing Section of the Division of Economic Development provides loans to fishing enterprises and other small business ventures.
  • Alaska Growth Capital provides financing to nontraditional borrowers/businesses that use innovative technology, are in rural Alaska, and are minority-owned.
  • Commercial Fishing Loan Fund provides long-term, low interest loans to promote the development of predominantly resident fisheries, and continued maintenance of commercial fishing vessels and gear for the purpose of improving the quality of Alaska seafood products.
  • Alternative Energy Conservation Loan Fund may be made to purchase, construct and install alternative energy systems or energy conservation improvements in commercial buildings. All loans must be adequately secured, include a lien on real property, and the improvements financed. Loan must be for the purchase, construction and installation of alternative energy systems or energy conservation improvement in commercial buildings and result in alternative energy production or energy conservation.
  • Commercial Charter Fisheries Loans provide affordable loans to Alaskan commercial charter operators to promote Alaskan ownership of charter halibut permits.
  • Mariculture Loans provide affordable loans for the planning, construction, and operation of a mariculture business.