A Note from the Alaska SBDC State Director

As summer winds down and the days get colder, I find myself trying to avoid looking at the mountains in case I start seeing the telltale signs of termination dust that let us know snow is on its way. Fortunately, we had a lot of federal visitors to help distract me from the impending snow shovel-related backaches in my future.


We started by hosting the SBA Deputy Administrator, Dilawar Syed, who was in town to help support small business development programs in the state. We talked to him for over an hour about our work in artificial intelligence (AI), rural business development, SSBCI, and more. You can read more about it below and check out the SBA's press release reflecting on his visit to Alaska, where he also met with local small business owners and small business support organizations.

We followed that up with a visit from the Treasurer of the United States, Chief Lynn Malerba. Treasurer Malerba was in town with a contingent of Treasury staff to celebrate the launch of the Alaska SBDC’s SSBCI Tribal Consortium. This partnership of 125 Alaska tribes is the largest tribal consortium in the nation and will bring $83 million in new financial incentives to rural and remote businesses across the state. This represents the largest investment in tribal businesses in Treasury’s history.


While things have been busy in Anchorage with our visitors, we’ve also been sending our staff to various locations across Alaska to provide training, deliver new tools, and promote our expanding services. You may have seen Aurora in Cordova, Ruth in Dillingham, or joined us in Valdez. Huge thanks to all of our team members for the amazing work they do, bringing the best business development services and tools to every corner of the state.


Wherever you might be and whatever stage your business might be in, the Alaska SBDC remains your biggest fan and best partner. In our 40-year history, we have never had more programs, tools, training, and opportunities to help your business start, grow, and thrive so that you can continue to do what you do best: grow Alaska’s economy and employ our people.


There's a lot in this newsletter; be sure to check out the lineup of new statewide SBDC workshops for Alaska Entrepreneurship Week and of course, our business program updates. Stay warm out there, and remember, when shoveling that snow, lift with your knees, not your back!

 

What's New at the Alaska SBDC

We are proud to announce that Kendra Conroy, Associate State Director, has been awarded the prestigious 2024 America’s SBDC "State Star" Award. Earning America's SBDC State Star is a significant honor within the small business development community. 


This award recognizes individuals who consistently go above and beyond their duties, demonstrating exceptional performance and unwavering dedication to supporting small businesses. Recipients are high performers and champions contributing significantly to their state's SBDC program. Join us in congratulating Kendra on this well-deserved achievement!

We had an incredible morning welcoming U.S. Treasurer Chief Lynn Malerba to the UAA campus to celebrate the launch of the new Alaska SSBCI Tribal Consortium, the largest of its kind in the nation! We're excited to see this program's positive impact across our state.



Photo by James Evans, UAA Chief of Photography & Videography

SBA Deputy Administrator Dilawar Syed met with Alaska SBDC leadership to discuss outreach to rural and underserved communities. They also explored how the Alaska SBDC is committed to new initiatives to address these issues, including an $83 million investment from the Treasury and AI-driven business plan tools.

Representative Mary Peltola organized a meeting at UAA to address Alaska's population decline and its impact on the state's economy. The event, which included a presentation by State Director Jon Bittner, aimed to explore solutions to reverse the trend of 12 consecutive years of more residents leaving than arriving and sought strategies to improve Alaska's economic outlook.

Carlos Machuca, AI Resource Center Director, and Ruth Wolfe, Rural Business Advisor, presented "AI-Empowerment: A Roadmap to Create AI Solutions for Small Business Success" to a packed house at the 45th annual America's SBDC National Conference in Atlanta, GA. We are thrilled to explore further contributions to this important work to benefit Alaska businesses!

SBA Lender Relations Specialist Nelida Irvine and Fairbanks Center Director Jade Greene presented the "Get Funding to Start or Grow Your Business" event in Fairbanks - a resounding success! There was a great turnout, and valuable information was shared about SBA loan programs and how to find a lender.

Rural Business Advisor Ruth Wolfe traveled over 300 miles to the community of Dillingham to share her expertise and present our Starting a Business workshop at the Bristol Bay Native Association Presidents and Administrators meeting. We are grateful for every opportunity to connect with our local communities!

Funding Specialist Aurora Agee traveled to Cordova for two days of business chats for the Cordova Alaska Chamber of Commerce's Business Beers and a workshop on Building or Refreshing Your Business. Thanks to everyone who came out and contributed to such a positive and energetic atmosphere! 

State Director Jon Bittner was a guest on Native America Calling to discuss how the Alaska SSBCI Tribal Consortium will provide crucial support to tribal and rural small businesses in Alaska and the impact expected across the state. You can listen to this radio segment online and on Apple Podcasts.

September is National Preparedness Month!


Alaska's unique climate and an increasingly digitally connected world make disaster planning crucial. A Continuity of Operations Plan (COOP) can help your business weather storms and minimize disruptions. Your Alaska SBDC can help. Learn more and get started!

 
Alaska SBDC Workshops & Events

Upcoming SBDC Workshops

Sep 18: Get Funding to Start or Grow Your Business (SBA, Juneau SBDC)


Statewide SBDC AKEW Events

Oct 7: Starting a Business (Anchorage)

Oct 8: Choosing the Right Business Entity (Seward)

Oct 8: Creating Projections for Your Startup (Webinar)

Oct 8: Starting a Business (Wasilla)

Oct 8: Storytelling for Fun & Profit (Anchorage & Webinar)

Oct 8: The Basics of Human Resources Management (Fairbanks)

Oct 8: Ask an Entrepreneur: Juneau Edition

Oct 10: Sales 101 in 2024: Art of Selling & the Proverbial Sales Pipeline (Wasilla)

Oct 10: Getting Started with AI: Opportunities & Challenges (Anchorage)

Oct 11: Buying/Selling a Small Business: Planning for a Successful Sale (Seward)


Oct 16: Holiday Success Strategies: Preparing Your Business for the Festive Season (Juneau)

View the Events Flyer Here!

SBDC Workshop Suite: Your time, your pace

For the night owls and the early birds. For the brown-bag lunch learners and after-dinner studiers. Entrepreneurs are resilient and gritty. No matter the hour, we're right there with you.


Visit our website for a complete list of Alaska SBDC workshops statewide. Remember to ask your Alaska SBDC advisor about accessing client discounts on fee-based workshops.


All Alaska SBDC workshops are free for active duty military, spouses, and veterans. Contact us to set that up for you!

 
Alaska SBDC Success Stories
The Alaska SBDC has assisted businesses in starting, developing, and growing for almost 40 years. We are pleased to present the latest success stories of entrepreneurs who have succeeded, partly due to the support they received from our committed team of advisors and program specialists. We are proud of their hard work and determination.

Explore statewide stories on our Success Stories webpage, or click on a story below!
 
Alaska SBDC Business Programs 

AI Resource Center Director Carlos Machuca hosted 15 minority-owned small business owners at the Umoja CoWorking Space and offered insights into SBDC's AI Resource Center, how to connect with an expert advisor, and an overview of how AI can make the lending process smoother. 


Thanks to the SBA Alaska District Office for sponsoring this event!

Learn More About the AI Resource Center
FREEBIE: Unlocking AI for Small Businesses
 

Celebrating Hispanic Heritage Month from September 15 - October 15!


As we honor Hispanic Heritage Month, take a moment to recognize the vibrant contributions of Hispanic-owned businesses right here in Alaska.


Join us in shopping local and uplifting the voices and stories that make Alaska’s business landscape so beautifully diverse this month and every month.


For a list of Hispanic-owned businesses in Alaska, visit the BuyAlaska Business directory!

Discover Local at BuyAlaska

Alaska SSBCI continued its positive trajectory in September. Total loan values increased to $77.1 million, surpassing the August figure of $75.7 million, and notably 101 loans closed!


This trend indicates a persistent demand for capital among Alaskan businesses, reflecting a strong and growing economic landscape. Additionally, the program supported 86 businesses and supported 26 communities.


Also, be sure to check out SSBCI's first success story, Pathfinder Aviation!

Learn more about Alaska SSBCI

BIG NEWS: TREND Phase 0 Grant Funding is Now up to $10,000!

We are excited to announce that TREND is now offering up to $10,000 in total Phase 0 support costs for Alaskan businesses and residents interested in pursuing SBIR/STTR grants!



Key Dates and Information:

  • July 9 - September 26: Application Period
  • September 19: Early Application Deadline
  • September 26 - October 16: Evaluation
  • Award Announcement: Week of October 21
  • Grant Disbursement: November 2024
Learn More & Apply for Phase 0 2024
 
Partner & Statewide Updates

Are you the next Small Business Week National Small Business Person of the Year? 

Nominate your business for SBA district office and national awards by December 5! Learn more and apply today.

Alaska Entrepreneurship Week (October 7-11) is exactly what it sounds like—a week for entrepreneurs, business owners, and makers like yourself to connect and share opportunities. 


Started by entrepreneurs and small business owners. Grown by investors. Brought to you by your neighbors. 


Learn how to increase your statewide connections this October by visiting the Alaska Entrepreneurship Week website at akew.org.


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Alaska SBDC is partly funded through a Cooperative Agreement with the U.S. Small Business Administration (SBA) and is a UAA Business Enterprise Institute partner program. All opinions, conclusions, or recommendations are those of the author(s) and do not necessarily reflect the views of the SBA. All SBA-funded programs are extended to the public on a nondiscriminatory basis.