Alaska Facts and Stories

Alaska Stories

Alaskan Dog Treat Bakery Provides Jobs for Youth, Backed by Native CDFI (OFN Story)
Native American woman entrepreneur providing healthy, delicious dog treats and meaningful job opportunities
Aleut Shareholder Marketplace
In 2024, AGC is excited to partner with The Aleut Corporation to administer The Aleut Shareholder Marketplace – a new business plan competition for Aleut Corporation Shareholders and Registered Descendants across Alaska.
Barnacle Foods
In the bays, mountains, and inlets around Alaska’s capital city, Barnacle forages for local ingredients to produce tasty and nutritious foods. Barnacle is bringing the wild flavors of Southeast Alaska to kitchens all over the region and beyond with their salsas, pickles, and seasonings made from locally harvested bull kelp. Their commitment to stewardship of the environment means that they are careful and intentional about harvesting at sustainable levels in locations that leave the resources as healthy as they found them. Barnacle is firmly rooted here in Southeast Alaska and is committed to benefiting their community through job creation and economic growth. More than just creating delicious foods, Barnacle is working towards strengthening Alaska's food system by producing products from abundant local resources.
BEARS, BOATS, AND BUSINESS DREAMS
Native Entrepreneur Brings Tlingit Traditions to Tourism with Spruce Root’s Help
Bristol Bay Marketplace
In 2024, AGC is thrilled to expand its programming and partner with Bristol Bay Native Corporation to administer the Bristol Bay Marketplace – a new business plan competition for Bristol Bay Native Corporation Shareholders, Descendants, and Spouses across Alaska.
CDFI Credit Unions Serve Remote Rural Communities
Tongass FCU Expands Banking Access in Alaska
CDFI Credit Unions Serve Remote Rural Communities: Tongass FCU
There are several small communities in Southeast Alaska that do not have access to financial services. Most of these communities are located on remote islands or not connected to the road system.
Fairweather Ski Works
In a wooden shop at the base of the Chilkat mountains in Haines Alaska, Graham builds skis. Built around the values of self-reliance and sustainability, Fairweather Ski Works handcrafts skis and snowboards out of locally harvested Sitka Spruce and birch wood. They take advantage of the plethora of quality wood available to a motivated person with a chainsaw, and source all of the wood for their skis by salvage logging. Once they have the raw material, all of the production all takes place in their shop which mitigates the fuel consumption of shipping and keeps jobs in the Haines community. This sort of small-scale timber harvest and local value-adding production benefits both economies and ecosystems and produces high-quality skis to tackle glaciers, powder days, and everything in-between. Fairweather Ski Works “evolved organically into what it is today because of our love of the wilderness and connection to our environment” and they are continuing to nurture their community and environment by sustainably producing Wild Alaska Skis!
Fisheye Coffee
Fisheye Coffee is the preferred drive-thru coffee shop in Sitka, but owner Caitlin Way, a 20-something Alaska Native woman, has bigger dreams for her small business. Inspired by her passions for teaching yoga and personal training, Caitlin aims to incorporate social and cultural change in her business. She envisions her coffee shop providing wholesome alternatives to traditional drive-thru food and beverages that have made eating on the go unhealthy. Unfortunately, Fisheye Coffee’s opportunity for growth was initially stifled by the limitations of a restrictive family loan and the inability to obtain traditional financing. With a small business loan through Spruce Root, however, Caitlin now has the opportunity to explore her culinary skills and invest in her business. Caitlin has also benefited from the business coaching and mentoring offered by the Spruce Root team. In fact, Caitlin strongly believes that even if she ultimately did not receive a loan, the knowledge she gained while going through the process was invaluable. “Spruce Root has been so patient and helpful to me!” Caitlin said. She has immense gratitude for the Spruce Root team and all of their support and guidance.
In Bristol Bay, Northline Seafoods challenges old paradigms
In Bristol Bay, Alaska, local fishermen battle uncertainty even in the best of times. The Bristol Bay community is considered a watershed: a region that channels rainfall and snowmelt to creeks, streams, rivers and eventually to outflow points such as Bristol Bay itself.
North Slope Marketplace
Since 2009, AGC has led a business plan competition for Arctic Slope Regional Corporation Iñupiat shareholders on the North Slope of Alaska, the North Slope Marketplace, investing over $1 million in over 50 businesses in the region to date.
Port Chilkoot Distillery
At the far end of North America’s longest and deepest fjord, in a wooden, handcrafted building, Port Chilkoot Distillery is capturing the taste of Alaska with small-batch artisanal spirits that capture the flavor and feel of the Last Frontier. They start with water from a nearby lake; then they add organic grains that they mill themselves and local hand gathered herbs like spruce tip, whole juniper berries, cinnamon, and coriander, to make distinctive and delicious gin, bourbon, rye, vodka, and absinthe. Their craftsmanship and attention to detail are so exceptional that their 50 Fathoms Gin was awarded a double gold medal at the San Francisco World Spirits Competition and a gold at the American Craft Spirits Awards. As the first distillery in Southeast Alaska, Port Chilkoot Distillery is proof that the passion, ingenuity, and resilience of our region can create incredible local products. Beneath the glacier-sloped peaks of the Chilkat Mountain Range, they have created something local, delicious, and true. “Alaska, Bottled. Tastes Like Here.”

CDFI Branches in the State

Alaska Benteh Capital
Alaska Growth Capital BIDCO
Cook Inlet Lending Center, Inc. AK269839C
Haa Yakaawu Financial Corporation
Nuvision Federal Credit Union
Nuvision Federal Credit Union
Nuvision Federal Credit Union
Nuvision Federal Credit Union
Nuvision Federal Credit Union
Nuvision Federal Credit Union
Nuvision Federal Credit Union
Nuvision Federal Credit Union
Nuvision Federal Credit Union
Nuvision Federal Credit Union
Spruce Root
Tongass Federal Credit Union
Tongass Federal Credit Union
Tongass Federal Credit Union
Tongass Federal Credit Union
Tongass Federal Credit Union
Tongass Federal Credit Union
Tongass Federal Credit Union
Tongass Federal Credit Union
Tongass Federal Credit Union
Tongass Federal Credit Union
Tongass Federal Credit Union
Tongass Federal Credit Union
Tongass Federal Credit Union