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					                                  FEDERAL AGENCIES
DEPARTMENT OF AGRICULTURE, RURAL DEVELOPMENT
Community Facilities Loans
U.S. Department of Agriculture, Rural Development
Program Goals: To ensure that community facilities, such as health care clinics, police and fire stations, schools and child
care centers, are readily available to all rural residents.
Resources: Loans may be used to construct, repair, improve or expand community facilities for health care, public safety
and public services. Loans are guaranteed up to 90% of any loss of interest or principal on the loan. Direct loans my also be
made to those entities unable to obtain commercial credit.
Eligibility: Loans are available for public entities such as municipalities, boroughs, and special purpose districts in rural
areas or cities under 50,000 population. Indian tribes and nonprofit corporations may also receive loans. Priority will be given
to public entities in areas smaller than 5,500 people. Applicants must be unable to obtain needed funds from other sources at
reasonable rates and terms; have legal capacity to borrow and repay loans; be financially sound and able to manage the facility
effectively.
Comments: Loans have a maximum term of 40 years, or the useful life of the facility. Interest rates are set periodically and
are based on current market yields for municipal obligations. Certain loans may have a lower interest rate. All loans will be
adequately secured. Alaska's annual allotment in FY 97 was $750,000 for direct loans and $750,000 in loan guarantees.
Additional funds can be obtained from a national reserve.
Contacts:          Frank Muncy                                 Keith Perkins
                   800 W. Evergreen Suite 201                  210 Seward St.
                   Palmer, AK 99645                            Sitka, AK 99835
                    phone: (907)745-2176, fax 745-5398        phone: (907)747-5492, fax 747-4965

Water and Wastewater Disposal Loans and Grants
U.S. Department of Agriculture, Rural Development
Program Goals: To assist public entities to reduce water and waste disposal costs to a reasonable level for users of the
system.
Resource Provided: Loan and grant funds to construct, repair, improve or expand water or sewer systems, storm sewer
facilities, sanitary landfills, incinerators, and necessary equipment.
Eligibility: Public entities such as cities, boroughs, federally recognized Alaska Native Village entities and non-profit
corporations. Must be in a rural area or a city with a population less than 10,000. Priority is given to entities with population
under 5,500.
Comments: Loans have a maximum term of 40 years. Interest rates are set periodically and are based on current market
yields for municipal obligations. Grants may be made for up to 75% of eligible facility development costs.
Contacts:           Frank Muncy                                   Keith Perkins
                    800 W. Evergreen Suite 201                    210 Seward St.
                    Palmer, AK 99645                              Sitka, AK 99835
                    phone: (907)745-2176, fax 745-5398            phone: (907)747-5492, fax 747-4965

Emergency Community Water Assistance Grants
U.S. Department of Agriculture, Rural Development
Program Goals: (Note: This program was not funded in FY 97). To assist residents of rural areas that have experienced a
decline in the quantity or quality of drinking water to obtain adequate quantities of water that meet standards set by the Safe
Drinking Water Act (SDWA).
Resources: Grant funds can be used to extend water lines, construct new water lines, repairs or significant maintenance to an
existing system, or construction of new wells, reservoirs, treatment plants, and other water sources, equipment replacement,
and eligible costs incurred within six months of date of application filing. This program was not funded in FY 97.
Eligibility: Applicants must be public bodies, federally recognized Alaska Native Village entities, or non-profit
corporations serving rural areas or cities of less than 5,000 population.
Comments: Projects compete for funding on a nationwide basis, and are scored according to criteria in the grant
regulations. For grants made to remedy a significant decline in water quality or quantity, the applicant must demonstrate that
the decline took place within two years of the date of application. Failure of a water system to meet changes in requirements of
the SDWA is not an eligible purpose.

Pg. 1 of 1                                                                                                           October 1998
Contacts:          Frank Muncy                                  Keith Perkins
                   800 W. Evergreen Suite 201                   210 Seward St.
                   Palmer, AK 99645                             Sitka, AK 99835
                   phone: (907)745-2176, fax 745-5398           phone: (907)747-5492, fax 747-4965

Rural Economic Development “Zero” Interest Loan Program
U.S. Department of Agriculture, Rural Development
Program Goals: Provides zero interest loans to rural electric or telephone cooperative borrowers to promote rural
economic development and job creation programs.
Resources: Loans up to $400,000, ten-year repayment to the eligible cooperative who re-lends the funds to a local entity to
promote financially viable projects.
Eligibility: Cooperatives who are current borrowers of the Rural Utility Service or who were previously eligible for the
REA program assistance.
Comments: This is a new program as of FY 97. Eligible projects include business expansion and start-up, community
development incubator projects, etc. No allocations of funds are made available on a statewide basis. Applications compete
for funding on a national basis each quarter.
Contacts:         Frank Muncy                                Keith Perkins
                  800 W. Evergreen Suite 201                 210 Seward St.
                  Palmer, AK 99645                           Sitka, AK 99835
                  phone: (907)745-2176, fax 745-5398         phone: (907)747-5492, fax 747-4965

Business and Industrial Guarantee and Direct Loans
U.S. Department of Agriculture, Rural Development
Program Goals: To assist individuals, corporations, public or private organizations in rural areas, to obtain quality loans
for economic development.
Resources: Loan guarantees of up to 80% of the principal and accrued interest. Loans may be up to $25,000,000. Direct
loans up to $10,000,000.
Eligibility: Applicant may be virtually any legally organized entity, including for profit, nonprofit, corporation,
municipality, federally recognized tribal group, cooperative, partnership, etc. The project must be in a rural area or city of less
than 50,000 population.
Comments: Loans can be used for financing business construction, conversion, and modernization as well as for
equipment, facilities, machinery, supplies and working capital. Projects which create or save jobs have the highest priority.
The borrower must first obtain a loan commitment, then the borrower and lender jointly apply for a loan guarantee. There is a
one-time 2% loan guarantee fee. Direct loans are available to those who cannot obtain credit elsewhere and for public bodies.
Alaska's annual allotment has been $1,500,000, although additional amounts can be obtained from a national reserve.
Contacts:         Frank Muncy                                   Keith Perkins
                  800 W. Evergreen Suite 201                    210 Seward St.
                  Palmer, AK 99645                              Sitka, AK 99835
                   phone: (907)745-2176, fax 745-5398          phone: (907)747-5492, fax 747-4965


Intermediary Relending Program
U.S. Department of Agriculture, Rural Development
Program Goals: Program purpose is to finance business facilities and community development projects in rural areas.
Resources: Loans are made to intermediaries that establish programs for the purpose of providing loans to ultimate
recipients for business facilities and community developments in rural areas. Intermediaries may receive up to $2 million at
one- percent interest for a 30-year term. Intermediaries may then lend up to $150,000, but not to exceed 75% of a project, to
individual borrowers.
Eligibility: The intermediaries must be private non-profit corporations, public agencies, Indian groups, or cooperatives.
Contacts:         Frank Muncy                                 Keith Perkins
                  800 W. Evergreen Suite 201                  210 Seward St.
                  Palmer, AK 99645                            Sitka, AK 99835
                   phone: (907)745-2176, fax 745-5398         phone: (907)747-5492, fax 747-4965

Rural Business Enterprise Grants
U.S. Department of Agriculture, Rural Development
Program Goals: To support development of small and emerging private business enterprises in rural areas.

Pg. 2 of 2                                                                                                             October 1998
Resources: Grants may be used for the following purposes:
•   Acquisition and development of land;
•   Construction, conversion, enlargement and repairs of buildings, equipment, streets, and pollution control and abatement
    facilities;
• Start-up operating cost and working capital;
• Technical assistance for proposed grantee projects;
• Reasonable professional fees and charges;
• To establish a revolving fund which can be used to provide financial assistance to third party recipients.
Eligibility: Public entities, such as cities, boroughs, federally recognized Alaska Native Village entities and private
nonprofit corporations. The project must be located in a rural area or city of less than 50,000 population.
Comments: Applications are prioritized for funding. Projects with the highest priority are selected for funding. Grants
have been made to Alaska applicants under this program.
Contacts:         Frank Muncy                                   Keith Perkins
                  800 W. Evergreen Suite 201                    210 Seward St.
                  Palmer, AK 99645                              Sitka, AK 99835
                  phone: (907)745-2176, fax 745-5398           phone: (907)747-5492, fax 747-4965


DEPARTMENT OF AGRICULTURE, FOREST SERVICE
Rural Community Assistance - Rural Development Grant
U.S. Department of Agriculture, Forest Service
Program Goals: To assist rural communities and individuals to develop natural resources related industries which help to
stabilize local economies; diversify economies of communities dependent on natural resource products by developing value-
added industries and/or assisting existing industries.
Resources: Technical expertise and financial assistance is provided to local businesses and entrepreneurs. Provides
marching funds for local projects that promise to stimulate improvements in the economic or social well being of rural citizens.
Comments: This is a partnership effort between the Forest Service and the Alaska Department of Community and Regional
Affairs (DCRA) to jointly deliver DCRA’s Rural Development Assistance Mini-Grant program.
Contacts:          Steve Bush                                  Sheila Dire
                   USDA/FS                                     DCRA
                   3301 C St., Suite 522                       PO Box 112100
                   Anchorage, AK 99503                         Juneau, AK 99811-2100
                   Phone: (907) 271-2519                       Phone: (907) 465-5539

Rural Community Assistance - Economic Recovery
U.S. Department of Agriculture, Forest Service
Program Goals: To diversify economies of communities dependent on declining traditional forest products; enhance
quality of life in rural communities, strengthen capacity of rural communities to develop sustainable local economies.
Resource Provided: Technical and financial assistance may be provided to local communities and businesses directly or
through partner organizations.
Eligibility: Community must be within 100 miles of a national forest, must have a population of less than 10,000 or be
within a non-metropolitan statistical area, and be economically disadvantaged. Community must establish an action team and
develop an action plan.
Comments: This program is focused on strengthening rural communities by balancing economic development and quality
of life enhancement. Specific actions focus on planning, organizing, and implementing natural resource-based projects and
new economic activity in industries.

Contacts:           Nicole Clowery                      Doug Stockdale                     Paul McIntosh
                    772-5875                            747-6671                           228-6201

ECONOMIC DEVELOMENT ADMINISTRATION
Grants for Public Works and Development Facilities
U.S. Department of Commerce, Economic Development Administration (EDA)
Program Goals: To assist in the creation of public facilities needed to initiate and encourage the creation of permanent
jobs in the private sector in areas where economic growth is lagging behind the rest of the country.

Pg. 3 of 3                                                                                                          October 1998
Resources: Project grants.
Eligibility: Applicants may be states, municipalities, Indian Reorganization Act or Traditional Village Councils, and
nonprofit organizations. Entity must have an approved Overall Economic Development Plan (OEDP).
Comments: Project proposals are submitted to the Anchorage EDA office for review, then to the EDA Regional Office
(combined Regions IX & X) for recommendation to Central Office for approval. There is a preference for high local match and
low costs per job. Alaska does not have a set allocation. The regional office annual allocation has been about $20 million.
Alaska's share has been about $2-4 million per year. Grant requests should normally be no smaller than $250,000, and should
have as high a percentage of non-federal match as possible, usually 50% or more. There have been several major projects
recently in Alaska. For example: dock projects in Atka, Egegik and Nelson Lagoon; hatchery improvements in Kake;
industrial park improvements in Palmer; supply and distribution improvements in Petersburg. Grants ranged from $500,000 to
$1,150,000.
Contact:          Berney Richert
                  Economic Development Administration
                  605 W. 4th Avenue, Room G-80
                  Anchorage, AK 99501
                  Phone: (907)271-2272 Fax: 271-2274

Public Works Impact Projects
U.S. Department of Commerce, Economic Development Administration (EDA)
Program Goals: To provide immediate useful work to unemployed and under-employed persons in designated project
areas, as well as longer range jobs.
Resources: Project grants (matching).
Eligibility: Areas of high unemployment. Projects must start and be completed quickly. Most projects could be
accomplished through EDA’s regular Public Works Program.
Comments: Recent Alaska projects have included airport, sewer and water improvements at Homer.
Contact:           Berney Richert
                   Economic Development Administration
                   605 W. 4th Avenue, Room G-80
                   Anchorage, AK 99501
                    Phone: (907)271-2272 Fax: 271-2274

Sudden and Severe Economic Dislocation Program
Long Term Economic Deterioration Program
U.S. Department of Commerce, Economic Development Administration (EDA)
Program Goals: To assist state and local areas in the development and implementation of strategies designed to arrest and
reverse the problems associated with sudden and severe economic dislocation or long-term economic deterioration.
Resources: Project grants. Establishment of revolving loan funds may be one form of response.
Eligibility: State or political subdivisions, public or private nonprofits.
Comments: Sitka received a Sudden and Severe Economic Dislocation grant for $50,000 following the pulp mill closure.
The State of Alaska received $100,000 for evaluation of utilizing the Adak Naval Air Station after its planned closure. The
Kenai Peninsula Borough Economic Development District received a Revolving Loan Fund grant of $210,000.
Contact:          Berney Richert
                  Economic Development Administration
                  605 W. 4th Avenue, Room G-80
                  Anchorage, AK 99501
                  Phone: (907)271-2272 Fax: 271-2274

Economic Development - Technical Assistance
U.S. Department of Commerce, Economic Development Administration (EDA)
Program Goals: To address economic problems through support for administrative services, demonstration projects,
feasibility studies, management and operational assistance and other forms of technical assistance.
Resources: Project grants to support local technical assistance programs.
Eligibility: Applicants may be municipalities, public entities, private non-profits, Alaska Native village entities, and
regional Native corporations.
Comments: This is a very flexible resource targeted at local economic development efforts. This program has extremely
limited funding and is very competitive. Grants are typically in the $10,000 to $25,000 range. Recent Alaska grants include
Pg. 4 of 4                                                                                                      October 1998
feasibility studies and regional tourism development. The University of Alaska Center for Economic Development is funded
through this program.
Contact:           Berney Richert
                   Economic Development Administration
                   605 W. 4th Avenue, Room G-80
                   Anchorage, AK 99501
                    Phone: (907)271-2272 Fax: 271-2274

ENVIRONMENTAL PROTECTION AGENCY
Sustainable Community Development Grant
U.S. Environmental Protection Agency
Program Goal: To (1) catalyze community-based and regional projects and other actions that promote sustainable
development, thereby improving environmental quality and economic prosperity; (2) leverage significant private and public
investments to enhance environmental quality by enabling community sustainability efforts to continue past EPA funding; (3)
build partnerships that increase a community's long-term capacity to protect the environment through sustainable development;
and (4) enhance EPA's ability to provide assistance to communities and promote sustainable development, through lessons.
Resources: (Grants) FY 96 $542,000; FY 97 est. $5,000,000; and FY 98 EST $10,000,000. This program is intended to
provide seed money to leverage a broader public and private investment in sustainability activities. As a result, the program
requires a minimum nonfederal match of at least 20% of the total project budget. EPA encourages applicants to leverage as
much investment in community sustainability as possible. EPA funds can be used for no more than 80% of the total cost of the
project. The match can come from a variety of public and private sources and can include in-kind services. No Federal funds,
however, can be used as matching funds. There is a 20% match requirement, in kind or financial. Range and Average of
Financial Assistance: Up to $250,000 per project.
Eligibility: Eligible applicants include community groups and other nonprofit organizations, local governments,
universities, tribes and States. Eligible beneficiary includes State and local governments, universities, Indian tribes and the
general public.
Comments: EPA intends these competitive grants to be a catalyst that challenges communities to invest in a sustainable
future, recognizing that sustainable environmental quality and economic prosperity are inextricably linked. The Sustainable
Development Challenge Grant program is an important opportunity for EPA to award competitive grants for seed funding to
leverage private and other public sector investment in sustainable communities and larger geographic areas such as watersheds.
This grant program challenges local communities to invest in their own sustainable futures

SMALL BUSINESS ADMINISTRATION

Loans for Small Businesses
U.S. Small Business Administration
Program Goal: To assist people to enter and remain in business by providing loans and loan guarantees, management
counseling and training, and assistance in obtaining government procurement contracts.
Resources: banks make Guaranty loans. All of SBA’s financial assistance programs are under this section. The borrower
initiates the loan request to a local lender, who applies to SBA for its guaranty. SBA may guaranty up to 80% of loans up to
$100,000 or up to 75% of loans over $100,000. SBA’s maximum guaranty is $750,000. Specialized loans include the Export
Working Capital Program, Seasonal Line of Credit Program, Contract Loan Program, and Certified Development Company.
Eligibility: Applicants must meet SBA size standards for small businesses. Credit criteria are much the same as used by
banks. Applicants must work with a lending institution which in turn arranges the loan guaranty with SBA. Eligible projects
are business real estate, inventory purchases, machinery and equipment, leasehold improvements, working capital and, in some
circumstances, debt consolidation.
Contact:            Ron Veltkamp
                    Small Business Administration
                    222 W. 8th Ave., #67
                    Anchorage, AK 99513-7559
                    ph 907-291-4022 or 800-755-7035.




Pg. 5 of 5                                                                                                         October 1998
SBA Minority Enterprise Development/Business Procurement Assistance - 8(a)
Program
Small Business Administration
Program Goal: To promote the business development of small business concerns owned and controlled by socially and
economically disadvantaged individuals so they can compete on an equal basis in the American economy; and promote their
competitive viability in the marketplace by providing such available contract, financial, technical, and management assistance
as may be necessary.
Resources: SBA monitors all federal government contracts to assure that a percentage of contract work goes to small
businesses designated as "8(a)" businesses. SBA also provides business management services to assist these 8(a) business
concerns in their development.
Eligibility: Principal factor in eligibility is control of the small business’s management and daily operations by an
individual(s) who is socially and economically disadvantaged. Businesses must be approved for program participation prior to
receipt of an 8(a) contract.
Comments: This program experiences great demand. 8(a) contract opportunities are used as a resource in the development
of the applicant's business, but are not guaranteed. A related SBA program provides for business management services to 8a
businesses. A separate SBA program monitors all federal contracts to assure that a predetermined percentage is awarded to
small businesses. The Anchorage SBA Office maintains a list of approved 8(a) businesses (construction, professional and
nonprofessional services and manufacturing). SBA receives contracts for services from other federal agencies and then
subcontracts these services out to qualified 8(a) firms.
Contact:           Susan Roggenkamp, or Elaine Crabtree
                   Small Business Administration
                   222 W. 8th Ave., # 67, Anchorage AK 99513-7559
                   Phone: (907) 271-4022 or Toll Free: 1-800-755-7034

Business Development Assistance to Small Businesses
U.S. Small Business Administration
Program Goal: To help prospective and present businesspersons improve skills to manage and operate a business. To
provide debt capital to new and existing small businesses.
Resources: Advisory services such as the Service Corps of Retired Executives (SCORE), SBA videos and publications
addressing financial management, marketing, personnel management, products, ideas and inventions, and the University of
Alaska Small Business Development Center (UASBDC), which provides counselors for free one-on-one business counseling,
business training workshops, and a small business learning center that provides books, videotapes, microcomputers and
business software for hands-on learning.
Eligibility: Assistance may be provided to existing and potential small businesspersons. A small business is one that is
independently owned and operated and not dominant in its field.
Contact:          Economic Development Division
                  U.S. Small Business Administration
                  222 W. 8th Ave., # 67
                  Anchorage AK 99513-7559
                  Phone: (907) 271-4022 Toll free: 1-800-755-7034

Small Business Development Centers - With the University of Alaska.
U.S. Small Business Administration
Program Goals: The SBDC offers free business counseling by professional staff consultants, volunteers and college
faculty. The SBDC also offers business training through workshops, seminars and conferences on marketing, loan proposals,
record keeping, business plans and other business-related areas. In addition, the SBDC maintains a business library stocked
with books, periodicals, videotapes, computers and business software for use by small business owners. Additional programs
designed to promote the growth and development of small business offered through the SBDC network include the
Procurement Technical Assistance Center (PTAC) which provides assistance with government contracting, and Buy Alaska,
which works to promote in-state purchase of goods and services via the Buyer-Seller Network, and the Alaska Technology
Transfer Assistance Center.
Eligibility: Counseling is free, confidential and available to all Alaskans. A small fee may be charged for workshops,
seminars and conferences. Small businesspersons are encouraged to avail themselves of the services.
Contact:          Southeast Alaska SBDC
                 612 W. Willoughby, Suite A
                 Juneau, AK 99801
                 Phone: (907) 463-3789; (800) 478-6655; Fax: 463-3929
Pg. 6 of 6                                                                                                        October 1998
SBA Bond Guarantees for Small Businesses
U.S. Small Business Administration
Program Goal: To encourage the availability of bid, payment and performance bonding to small contractors unable for
various reasons to obtain a bond without a guarantee.
Resources: Surety Bond Guarantee Program
Eligibility: Businesses in the construction, service, supply and manufacturing industries are eligible for surety bonds under
the SBA’s size standards if their average annual receipts for the last three fiscal years, including affiliates, do not exceed $5
million.
Contact:                    Thomas C. Ewbank, Program Manager
                            Surety Bond Guaranty Program
                            U.S. Small Business Administration
                            1200 6th Ave., Suite 1770
                            Seattle, WA 98101-1128
                            Phone (206) 553-0961

Department of Interior, Bureau of Indian Affairs

Indian Loan Guaranty Program
U.S. Department of Interior, Bureau of Indian Affairs
Program Goal: To provide loan guarantees to assist in the development of Native-owned enterprises that will create jobs
and other economic benefits for Alaska Native communities. Priority is given to rural development projects.
Resources: Loan guarantees of up to $500,000 for individual Natives, and up to $5,500,000 for tribes and ANCSA
corporations. 80% and 90% guarantees are offered on commercial bank loans.
Eligibility: For-profit enterprises at least 51% owned and operated by Alaska Natives, American Indians, ANCSA
corporations, and tribal entities recognized by federal statutes. Must actively operate business on day-to-day basis, and invest
20% of own resources in it. Sole proprietorships and corporations are included. Must secure a commitment for financing from
a bank.
Contact:                    Charles Katasse, Area Credit Officer
                            BIA, Alaska Area Office
                            PO Box 25520
                            Juneau, AK 99802-5520
                            Ph: (800)645-8397 specify Division of Native Services, fax: (907)586-7037




Pg. 7 of 7                                                                                                           October 1998
                                       STATE AGENCIES
DEPARTMENT OF COMMERCE AND ECONOMIC DEVELOPMENT
Small Business Economic Development Revolving Loan Fund
Department of Commerce and Economic Development (DCED)
Program Goal: To create significant long-term employment and diversify the economy by providing startup and
expansion capital for small businesses. Emphasis is placed on projects which promise the greatest long-range positive
economic impact on a community.
Resources: Financing of either industrial or commercial ventures will be considered. The Loan Administration Board will
determine interest rates and terms on loans; they can be expected to be at a fixed rate and below the prevailing market rate for
loans of similar size, maturity and purpose in the project area. The maximum loan amount is $150,000, and the minimum
$10,000.
Eligibility: Applicants will be required to obtain additional private, non-public financing in an amount not less than twice
the amount requested under the application. Loans may be made to companies which are "small businesses" as defined by the
U. S. Small Business Administration and are located within rural areas as defined by the program guidelines.
Contact:          Division of Investments:
                  PO Box 34159
                  Juneau AK 99803-4159
                  Phone: (907) 465-2510 or 1-800 478-LOAN Fax: (907) 465-2103
                  Internet mail: investments@commerce.state.ak.us

Sustainable Development Grant
Department of Commerce and Economic Development (DCED)
Program Goal: To act as a catalyst, encouraging innovative and creative thinking, planning and implementation of
community-based sustainable development within Alaska. The Program’s primary function will be to provide (grant) seed
money to entities that propose viable sustainable development projects that are community based and supported. The Program
is not intended to fund pure research.
Resources: The maximum funding available for any one project is $50,000. But, it’s anticipated that most applicant’s will
receive less, allowing the Program to fund between six to twelve sustainable development projects. This Program is not
intended to provide the sole or majority funding of a project.
Comments: Initial applications for funding will be accepted until September 18, 1998. Applications will be accepted after
that date and will be processed pending available funding. The Program will continue funding projects for as long as money is
available.
Contact:           Priscilla Wohl
                   3601 C Street, Suite 700
                   Anchorage, AK 99503-5934
                   Phone: (907) 269-8117. Fax: (907) 269-8125
                   E-mail: Priscilla_Wohl@commerce.state.ak.us

Loan Participation Program
Alaska Industrial Development and Export Authority – State of Alaska, Department of Commerce and Economic Development
Program Goals: To provide financing assistance to business projects in Alaska. The goal is achieved by purchasing
participation in loans originated by financial institutions for the financing of taxable facilities such as buildings, plants,
property and equipment, and specific tax-exempt project facilities.
Resources: AIDEA can purchase up to 80% of the loan, or up to $10,000,000 (whichever is less) from the financial
institution originating the loan The loan amount may not exceed 75% of the value of the project.
Eligibility: Business projects located in Alaska.
Comments: Borrowers apply at a financial institution for a loan. The bank, after approval of the loan, applies to AIDEA
for participation in the loan. To apply to AIDEA, the bank must pay a $200 non-refundable application fee. Other fees include
a 1% commitment fee on AIDEA’s portion of the loan and a ½% funding fee. Terms can be made up to 15 years for personal
property or 25 years for real property based on a maximum 75% loan to value ratio. AIDEA has approximately $232 million
outstanding in loans as of December 31, 1996.
Contact:          D. Randy Simmons, Executive Director
                  Alaska Industrial Development and Export Authority

Pg. 8 of 8                                                                                                              October 1998
                 480 W. Tudo Road
                 Anchorage, AK 99503
                 Phone: (907)269-3000, Fax: 269-3044

Business Assistance Program
Alaska Industrial Development and Export Authority – State of Alaska, Department of Commerce and Economic Development
Program Goals: AIDEA can guarantee up to 80% of a bank originated loan, not to exceed $1 million, to an Alaskan
business. To assist business in rural Alaska, on guarantees of $100,000 or less, AIDEA offers streamlined approvals and may
consider a waiver of collateral.
Resources: AIDEA’s guarantee covers the principal balance, accrued interest (not to exceed 90 days) and liquidation
expenses. If the guarantee is a refinance of an existing loan held by the originator, the maximum guarantee is 60%. AIDEA’
guarantees can also be used in conjunction with the Rural Development Initiative Fund (RDIF) administered by the
Department of Community and Regional Affairs (see page 74). In addition to a participation with the RDIF, AIDEA can
guarantee the bank’s portion.
Eligibility: Businesses located in Alaska with Alaska resident majority ownership. Rural businesses are specifically
targeted.
Comments: AIDEA charges a one-time guarantee fee of 2%. To apply to AIDEA for a guarantee, the bank must pay a
$200 non-refundable application fee. A short form application is available for new loans of $100,000 or less and a regular
form application for all loans over $100,000. Loan terms range from one to twenty years, depending upon the security
provided for the loan. Maximum interest rate is prime plus 2 ¾ fully floating.
Contact:         D. Randy Simmons, Executive Director
                 Alaska Industrial Development and Export Authority
                 480 W. Tudo Road
                 Anchorage, AK 99503
                 Phone: (907)269-3000, Fax: 269-3044

Development Finance Program
Alaska Industrial Development and Export Authority – State of Alaska, Department of Commerce and Economic Development
Program Goals: The general focus is on infrastructure and development or utilization of natural resources within Alaska.
Under this program AIDEA can develop, own and operate facilities within Alaska such as roads, ports and utilities which are
essential to the economic well-being of an area; are financially feasible; and are supported by the community in which they are
located. AIDEA refers to these facilities as “projects” and manages them through private sector users.
Resources: Projects are financed through the sale of bonds or with corporate assets. Bonds sold on the National Bond
Market are backed by the feasibility of the project or AIDEA’ moral obligation.
Eligibility: Projects must be located in Alaska, essential for the economic well-being of an area, and be able to produce
adequate revenues to repay the cost of financing the project. The Legislature must approve any project over $10 million.
Comments: AIDEA projects include:
• DeLong Mountain Transportation System serving the Red Dog Mine
• Expansion of the DeLong Mountain Transportation System
• Federal Express Aircraft Maintenance Facility
• Healy Clean Coal Project
• Skagway Ore Terminal
• Unalaska Marine Center
AIDEA has also obtained legislative approval to sell bonds for other specific projects.
Contact:          D. Randy Simmons, Executive Director
                  Alaska Industrial Development and Export Authority
                  480 W. Tudo Road
                  Anchorage, AK 99503
                  Phone: (907)269-3000, Fax: 269-3044

DEPARTMENT OF COMMUNITY AND REGIONAL AFFAIRS
Rural Development Initiative Fund
Department of Community and Regional Affairs
Program Goals: To provide small business capital to expand and maintain rural Alaska employment opportunities.
Resources: The Rural Development Initiative Fund (RDIF) provides loans for businesses located in small rural Alaska
communities. Maximum loan amount is $100,000 per person or $200,000 for two or more persons. Loans may be requested
Pg. 9 of 9                                                                                                              October 1998
for working capital, equipment, construction, or other commercial purposes, but not for refinancing. Some loans may be
packaged for submission to the Alaska Industrial Development and Export Authority (AIDEA.) If approved, AIDEA may
guarantee up to 80% of the bank’s participating financing, with up to 20% of the remaining loan amount financed by DCRA.
For a loan not guaranteed by AIDEA up to 80% of the loan amount may be financed by RDIF.
Eligibility: Businesses owned and operated by Alaska residents and located in communities of population of 5,000 or less
are eligible to apply. Prospective borrowers should discuss their proposed venture with their bank and the Development
Specialist in their region.
Comments: Collateral will be required. There is an application fee of $100, and a loan processing fee of .5% of the fund
participation amount in the loan. Interest is prime plus 1%. There is a $200 loan application fee if AIDEA guarantees the loan
and a 2% guaranty fee. The participating bank may require other fees.
Contact:            Ike Waits, Chief of Planning
                    DCRA, Municipal and Regional Assistance Division
                    333 W. Fourth Avenue, Suite 220
                    Anchorage, Alaska 99501-2341
                    Phone: (907) 269-4571 Fax: (907) 269-4539
                    email: Iwaits@comregaf.state.ak.us

Capital Matching Grant Program - Unincorporated Communities
Department of Community and Regional Affairs
Program Goals: Provide a capital project funding system that is equitable to all eligible unincorporated communities;
enhance the role of communities in initiating and prioritizing capital projects; encourage a sense of local ownership by
requiring local participation in the funding of these projects; and provide a more orderly and thoughtful planning process that
involves the local community, the executive branch and the administrative branch in the capital project process.
Resources: Annual lump-sum appropriations are made by the Legislature to the Unincorporated Capital Project Matching
Grant Fund. The amount of funds appropriated each year shall be divided equally between all eligible unincorporated
communities and allocated to their individual grant accounts.
Eligibility: An unincorporated community is eligible for an allocation in a fiscal year if the community was eligible to
receive state aid under AS 29.60.140 (State Revenue Sharing for unincorporated communities) during the preceding fiscal year.
Comments: A “capital project” for the purpose of this program is a project with a cost exceeding $10,000 to acquire or
improve an asset with an anticipated life exceeding one year. Projects may be for land acquisition, construction, repair or
structural improvement of a facility, engineering and design for a facility, and acquisition or repair of equipment.
Contact:           Tena Young
                   Division of Administrative Services
                   Department of Community and Regional Affairs
                   PO Box 112100
                   Juneau, AK 99811-2100
                   Telephone (907) 465-4731; Fax: (907) 465-5867
                   e-mail Tyoung@comregaf.state.ak.us

Community Development Block Grant Program
Department of Community and Regional Affairs
Program Goals: Goals of the Community Development Block Grant Program (CDBG) are to provide financial resources
to communities for public facilities and planning activities which address issues detrimental to the health and safety of local
residents, and to reduce the costs of essential community services. The program may also fund special economic development
activities which result in the creation of jobs for persons of low and moderate income.
Resources: Single purpose project competitive grants up to a maximum of $200,000 per community. Grants may be used
for community development, planning, or special economic development activities. Community development and planning
activities which address health and safety needs are the priority for funding.
Eligibility: Municipal governments as defined by Title 29 of the Alaska Statutes (i.e., home rule, first, second and third
class boroughs, unified municipalities, and first and second class cities) which exercise powers consistent with the proposed
project, except the Municipality of Anchorage.
Comments: Federal regulations dictate that at least 51% of the persons who benefit from funded projects be low and
moderate income persons as defined by the U. S. Department of Housing and Urban Development (HUD) through US census
data. Competitive grant applications are generally distributed to eligible applicants once each year, usually in September or
October, with completed applications due to the Department by December or January.
Contact:          Jo E. Cooper, Block Grant Administrator
                   Department of Community and Regional Affairs
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                   Municipal and Regional Assistance Division
                   209 Forty Mile Ave.
                   Fairbanks AK 99701-3100
                   Phone: (907) 452-4468; Fax: (907) 451-7251
                   email: Jcooper@comregaf.state.ak.us

Rural Development Assistance (RDA) Grant Program
Department of Community and Regional Affairs
Program Goals: Principal objectives are to promote development of rural areas of the state by broadening and diversifying
the economic base; improving health, welfare, and economic security; and providing employment and income in rural areas.
The focus will be on projects which contribute to the economic development of the community, develop basic community
facilities or infrastructure, or are for planning and feasibility studies.
Resources: Competitive grants with a maximum of $50,000 per community. State general funds, subject to annual
appropriation. In FY 97 approximately $700,000 was available.
Eligibility: Eligible applicants are municipalities, Native village councils, and regional or local nonprofit corporations
serving communities which: have a population of 900 or less; or lack a centralized water and sewer system serving the majority
of residents; or lack organized police and fire protection; or lack resident medical and dental services other than those provided
by the Indian Health Service. With Department approval, a community may submit an application with a public or private for-
profit entity if the community will receive a specified benefit.
Comments: Next program announcement will be in September 1998, with applications due January 1999.
Contact:             Gerry McDonagh
                     Municipal and Regional Assistance Division
                     Department of Community and Regional Affairs
                     P. O. Box 112100
                     Juneau AK 99811-2100
                     Phone: (907) 465-5539; Fax: (907) 465-3212

Rural Development Assistance (RDA) Mini-Grant Program
Department of Community and Regional Affairs
Program Goals: Economic development projects for planning or implementation of business start-up or expansion,
manufacturing, tourism development or other economic enterprises that increase jobs, income or services in rural Alaska
communities.
Resources Provided: Competitive grants. Mini-Grant program funding is a combination of the USDA Forest Service
Community Assistance Program and a l0% set-aside of the money appropriated for the Rural Development Assistance (RDA)
program. Maximum $30,000 per community per fiscal year. Funding level during FY 98 will be approximately $200,000.
Eligibility: Eligible applicants include municipalities, Native village councils, and regional or nonprofit corporations serving
communities which have a population of 10,000 or less. With Department approval, a community may submit an application
with a public or private for-profit entity if the community will receive a specified benefit.
Comments: All eligible communities will receive the annual request for proposals, which will include timelines.
Contact:          Gerry McDonagh, Project Coordinator
                  Municipal and Regional Assistance Division
                  Department of Community and Regional Affairs
                  PO Box 112100 (150 3rd St.)
                  Juneau AK 99811-2100
                  Phone: (907) 465-5539; Fax: (907) 465-3212

Power Cost Equalization Program
Department of Community and Regional Affairs
Program Goal: Reduce electric rates paid by consumers in rural communities where diesel-fired generators provide most
of local electricity. The program aims to roughly equalize the power cost per kilowatt hour statewide to a cost close to the
average cost per kilowatt hour in Anchorage, Fairbanks and Juneau.
Contact:           Irene Tomory
                    Department of Community and Regional Affairs
                    Division of Energy
                    333 W. Fourth Ave., Suite 220
                    Anchorage, AK 99501-2341
                    Phone: (907) 269-4630 Fax: (907) 269-4645
                    email: Itomory@comregaf.state.ak.us
Pg. 11 of 11                                                                                                          October 1998
Rural Energy Programs
Department of Community and Regional Affairs
Program Goal: The Division of Energy administers a number of rural energy programs which help provide the basis for
economic development in Alaska’s smaller communities.
Resources: The various Division of Energy programs are described on this and the following two pages.

Rural Technical Assistance (RTA)
Continue technical assistance to rural utilities in evaluating deficiencies and needs in respect to the collective energy systems
and facilities within a community. Community support is a key element.

Rural Utility Training (RUT)
Continuation of formal technical training of rural utility operators. Emphasis will be placed on adapting and expanding
existing programs such as those provided by the Seward Skills Center, the University of Alaska, and the Job Training
Partnership Act to meet this need.

Meter Installation and Data Acquisition
Provides for adequate metering of rural utilities and trains operators to accurately read and record meter data. This program
would also be used to install monitoring devices to record and transmit time-coded data necessary for planning purposes.

Emergency Prevention
Provides funding to continue activities, procurement of materials, and equipment that would be used to prevent power plant
related emergencies and disasters statewide. This program is designed to prevent a potential emergency situation before
disaster occurs.

Electric System Life, Health and Safety Improvements
Provides follow-on funding for correction of hazards that are existing or pose a possible threat to life, health and safety in rural
communities. Wherever possible, funds will be used to leverage local matching funds.

Voluntary Rural Utility Business Management Development
Works towards the goal of creating self-supporting utilities in rural Alaska. This is to be achieved through (1) the development
of partnerships between utilities, i.e., private ownership, a cooperative or an operations and maintenance agreement with a
larger utility, (2) utilities joining a regional utility entity, and (3) the training of utility business manager and operators.

Rural Power Systems Upgrade
Provides funding for systems upgrades that have been identified through Rural Technical Assistance, Circuit Rider
Maintenance, the local community or legislature. Upgrades might include efficiency improvements, line assessments, lines to
new customers, demand side improvements, other repairs to generation and distribution systems.

Emergency Bulk Fuel Repairs and Spill Prevention and Bulk Fuel System Upgrades
Creates incentives and mechanisms to repair bulk fuel systems before a crisis develops. This includes emergency repairs to
storage and handling systems. Priority is given to communities whose fuel vendors or regulating agencies have threatened to
halt delivery of fuel, or where conditions have become a life, health and safety matter, or the environment is threatened. The
upgrades programs assist private owners in recognizing the need to meet minimum standards.

Electrical Service Extension Fund
Matching grant program that provides up to 60 percent of the cost of site preparation and construction for extending electrical
service to private residences and small businesses not currently served by an electrical utility, and as a second priority, for
making improvements to existing utilities.

Rural Electric Capitalization Fund
Provides for electric utility improvements matching grants (75%) to utilities eligible to participate in Power Cost Equalization.
Grants can be made for small power projects that reduce costs to utility customers.

Contact (for the above energy programs):
                            Eric Marchegiani, Manager of Engineering.
                            Dept. of Community & Regional Affairs
                            Division of Energy
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                              333 W. 4th Ave. Suite 220, Anchorage, AK 99501-2341
                              Phone: (907) 269-4684 Fax: (907) 269-4645
                              email: Emarchegia@comregaf.state.ak.us

Circuit Rider/Emergency Response Services
Preventive maintenance assessment and response service for emergency work needed on rural electrical systems. This
program is intended to be an interim fix until long-term planning can address the problems.

Contact:            Kris Noonan, Remote Maintenance Construction Manager
                    DCRA Division of Energy,
                    333 W. Fourth Ave. Suite 220
                    Anchorage, AK 99501-2341
                    Phone: (907) 269-4697; Fax: (907) 269-4685
                    email: Knoonen@comregaf.state.ak.us

DEPARTMENT OF REVENUE
Alaska Municipal Bond Bank Authority
State of Alaska, Department of Revenue
Program Goals: To assist communities with financing for capital projects.
Resources: Direct loans. No set limits. Interest rates depend on the national market for tax exempt bond issues.
Eligibility: Any organized local government in need of capital project financing should contact the Bond Bank.
Comments: The Alaska Municipal Bond Bank Authority is a public Corporation created by state law. The bond Bank was
created to address disadvantages which small communities often experience in financial markets. Small communities may
have low bond ratings or lack familiarity among investors.
Contact:         Tom Freeman, Executive Director
                 Alaska Municipal bond Bank Authority
                 550 W 7th Ave., suite 1325
                 Anchorage, AK 99501
                 Ph: (907)274-7366, fax: 276-1691, email: bondbank@alaska.net

DEPARTMENT OF ADMINISTRATION
Capital Project Matching Grants - Municipalities
State of Alaska, Department of Administration
Program Goals: Provide a capital project funding system that is equitable to all incorporated municipalities; enhance the
role of communities in initiating and prioritizing capital projects; and encourage a sense of local ownership by requiring local
participation in the funding of projects.
Resources: Annual lump-sum appropriations are made by the Legislature to the Municipal Capital Project Matching Grant
Fund. Allocations based on population are made to individual grant accounts created for eligible municipalities.
Eligibility: An incorporated municipality is eligible to apply if incorporated on or before July 1 of the previous fiscal year,
or if it received state municipal assistance during the previous fiscal year.
Comments: A “capital project” for purposes of this program is a project with a cost exceeding $10,000 to acquire or
improve an asset with an anticipated life exceeding one year. Projects may be for land acquisition, construction, repair or
structural improvement of a facility, engineering and design for a facility, and acquisition or repair of equipment.
Contact:            Lena Simmons
                    Division of Administrative Services
                    Department of Administration
                    PO Box 110208
                    Juneau, AK 99811-0208
                    Phone: (907) 465-5647; Fax: (907) 465-2194
                    email: Lena_Simmons@admin.state.ak.us
                    Web site: http://www.state.ak.us/local/akpages/ADMIN/grants




Pg. 13 of 13                                                                                                        October 1998
       NONPROFITS AND OTHER AGENCIES
ALASKA VILLAGE INITIATIVES
Alaska Village Initiatives
Alaska Village Initiatives, private non-profit
Program Goals: To improve the well-being of communities, families and individuals in rural Alaska by embracing their
cultural values, and strengthening their self-reliance through training, assistance, advocacy, and economic development.
Resources: Grants; direct financing through equity investments and loans to business enterprises; leverage of financing; and
information and technical assistance in business development and management.
Eligibility: Participation open to native profit and nonprofit organizations; IRA councils and other tribal governments; rural
cooperatives, ventures and other community organizations serving communities with low incomes.
Contact:                    Ann Campbell
                            Alaska Village Initiatives
                            1577 C Street, Suite 304
                            Anchorage, AK 99501
                            Ph: (800)478-2332, fax: (907)263-9971, email: avi@anc.ak.net

Rural Business Loan Fund
Alaska Village Initiatives, private non-profit and USDA, Rural Development
Program Goals: To promote community economic development activities through loans to eligible borrowers.
Resources: Direct loans ranging from $10,000 to $150,000 at 7%.
Eligibility: Available to rural individuals or organizations. Loan funds may be used for a wide variety of purposes
including land, facility and equipment acquisition, construction and expansion, business acquisition, purchase of supplies, and
working capital and start-up costs.
Comments: For the purpose of program, rural is defined to exclude the cities of Ketchikan, Juneau, Anchorage and
Fairbanks.
Contact:                    Carrie Colley, Loan Administrator
                            Alaska Village Initiatives
                            1577 C. Street, Suite 304
                            Anchorage, AK 99501
                            Ph: (800)478-2332, fax: (907)263-9971, email: avi@anc.ak.net

OTHER
Symms National Recreational Trails Grants – Grants for trail projects to trail user organizations, individuals,
public agencies and businesses. Providing reimbursement grants up to $15,000 for construction and maintenance of trails.
Projects must be identified in an existing local or regional park, recreation, trails or greenways plan. Contact: Carmen Denny,
Alaska State Parks, 3601 C Street, Suite, 1280, Anchorage, AK 99503-5921, phone: (907)269-8710, email: Error! Reference
source not found.




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