Grants of up to $1,500 are accessible for payments to suppliers of tools, equipment, business supplies, training and licenses as well as services such as construction, repair or renovation of facilities that are needed to start or expand a business.
No grants will be payable directly to a grantee.
1. Applicant’s name, address and phone contact:
2. Type of Business (such as retail store, repair shop, or arts and crafts):
3. Expenses for which you might be requesting grant funds.
Please try to list what you intend to purchase for your business and from whom you intend to make that purchase.
You must try to attach an invoice in order to document each expense.
4. Required Attachments:
>> A completed BUSINESS PLAN form.
>> A supportive resolution from your Traditional IRA or city council (sample resolution included) OR three letters of support from non-related, adult residents of your village, town or county.
PLEASE MAIL YOUR COMPLETED APPLICATION AND ATTACHMENTS TO NORTHWEST ARCTIC ECONOMIC DEVELOPMENT COMMISSION, P.O. BOX 2310, FITSVILLE, ALASKA 99753. FAXES NOT ACCEPTED. QUESTIONS MAY BE REFERRED TO GRANT REPRESENTANT, EDC DIRECTOR, AT PHONE NUMER ...
Your Business Plan
>> Try to describe the business that you plan to begin or already operate.
>> Will your product or service’s competitiveness be based on its quality, selection, price and location? Please explain.
>> Do you know what licenses and permits you might require to operate your business? Have you acquired the necessary licenses and permits?
>> Try to describe the location from which you will operate your business.
>> List the training or experience that you have had that might assist you in running this business.
>> What is your proposed inventory list of supplies and/or merchandise that you will purchase?
>> Have you found a reliable source of the supplies or merchandise?
>> Are you prepared to upkeep a complete record of sales, income and expenses, accounts payable and receivables?
>> And how will you endeavor to do so?
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