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.
- The cause of a Hoonah car crash that killed one is still unknown.
- An ambitious plan to develop agricultural land west of Nenana is on hold until the town can find another $5 million to complete work build a bridge across the Nenana River.
- Quintillion will begin work laying subsea fiber optic cable off Nome’s coast the first week of July.
- It was a landmark event for Buddhists from the state and around the world.