SocialFunds.com

Community Investment Center
Back to Community Investment Center
Powered by: SRI World Group web development services Calvert Foundation
Alaska Growth Capital

3900 C Street
Suite 302
Anchorage, AK 99503

Contact: ,
Phone: 907-339-6760
Fax: 907-339-6771
URL: www.alaskagrowth.com
Email: info@alaskagrowth.com
Alaska Growth Capital

Alaska Growth Capital is a certified CDFI that provides commercial financing and other services to businesses that lack access to traditional capital sources like bank loans or venture capital. Many of our customers are minority-owned businesses, located in economically disadvantaged areas, and/or located in very rural locations. Our loan decisions are driven both by hard economics and our mission of community development.

Program



Client Population



Impact



Story

Alaska Growth Capital
Alaska Growth Capital received $2 million dollars of New Market Tax Credits in 2003. With those tax credits, Alaska Growth helped Tyonek Native corp., an Indian owned business in a village of 150, expand the company. Bart K. Garber, chief executive of Tyonek, had been turned down by two banks until Alaska Growth stepped in and used $390,000 in tax credits to convince Wells Fargo to loan $1million dollars to Tyonek. The capital was used to pay for new equipment and the payroll for Tyonek has increased from 3 to 12 since the loan was issued. Full Story

Back to Community Investment Center

Mutual Funds | Community Investing | News | Sustainability Reports | Corporate Research | Shareowner Actions | Financial Services | Conferences
Home | Login | Contact | Support This Site | Terms of Use | Privacy Statement | Reprints


© 1998-2017 SRI World Group, Inc. All Rights Reserved.

Created and maintained by
SRI World Group web development services
Do your own research Work with an advisor SRI News SRI Learning Center Home