The state is expanding its support for mariculture.
Governor Sean Parnell this week signed a bill creating a revolving loan fund for shellfish farms.
“The fund will be capitalized and if you want to engage in and begin operating a small business of that kind, you’ll now have greater access to capital in the state to do it,” Parnell said at the Juneau bill-signing. “You will also have an opportunity for a loan from the Alaska microloan revolving fund. This is a niche where the banks don’t offer it typically as a product. But (it’s) focused on access to capital for entrepreneurs of our state.”
The bill-signing was part of the kickoff reception for the Haa Aani OysterFest.
The event is connected to the Celebration 2012 Native culture festival. Haa Aani, part of the Sealaska regional Native Corporation, has helped start several oyster farms in rural Southeast.
The legislation also provides financial support for other business opportunities.
“There are two more revolving loan funds created in here related to communities being able to buy quota, something our communities have not had access to capital for, as well as the commercial charter revolving loan fund to allow individuals to get into the halibut charter business,” Parnell said.
OysterFest features cooks demonstrating recipes using Southeast-grown shellfish. It continues through Saturday across from the Sealaska parking lot in downtown Juneau.
- Residents in a homeless camp off Egan Drive have been given 14 days to vacate the property. The area owned by the Alaska Mental Health Trust Authority is slated for sale and redevelopment.
- Rural health aides have a long, successful history of improving access to health care in Alaska. Now, dental a program based on that model is improving oral care in the Yukon-Kuskokwim Delta.
- From midnight Monday through about 1 p.m. Tuesday, Ketchikan received more than 8 inches of rain.
- Canadian power company Hydro One isn't interested in selling Alaska Electric Light & Power Company. But the Juneau Assembly still wants to study the prospect of a municipal-owned utility.