Alaska Growth Capital BIDCO, Inc.

Announcing the 2024 Alaska Marketplace Winners! Congratulations to the incredible entrepreneurs from the Aleut Shareholder Marketplace, Bristol Bay Marketplace, and North Slope Marketplace! Your hard work, innovation, and dedication to your communities inspire us all. A huge thank you to Spruce Root and our other valued partners, sponsors, and everyone who supported this year’s Marketplace. We’re excited to see these businesses grow and make an impact across Alaska! Join us in celebrating their success! #AlaskaMarketplace #Entrepreneurship #BusinessGrowth

After acquiring a minority stake in AGC in 2022 as part of a joint venture with McKinley, BBNC welcomes AGC into its family of companies as it seeks to grow its financial services offerings. AGC President, Logan Birch, shared his enthusiasm by stating: “AGC is a great fit at BBNC and our team is excited to be a part of the BBNC family. As a for-profit, Native CDFI, we have a dual mission to not only support our targeted markets but to also provide a financial return for our shareholders. As an Alaska Native regional corporation, BBNC understands this dynamic and provides fantastic alignment for everything we do at AGC. Increased access to capital and other support offered by BBNC will allow us to grow our impact and expand the business in new and exciting ways.” Read the full press release at: https://lnkd.in/gJjnrzuJ

As we wrap up another remarkable year at Alaska Growth Capital, we’re filled with gratitude for the opportunities 2024 brought. This year has been one of growth, innovation, and collaboration, and we couldn’t have done it without the incredible entrepreneurs, partners, and communities we work alongside. As we celebrate the holiday season, we’re also looking ahead to 2025 with excitement and anticipation. There are some big announcements coming soon, and we can’t wait to share what’s next as we continue fostering growth and opportunity across Alaska. Thank you for being part of our journey. From all of us at Alaska Growth Capital, we wish you a wonderful holiday season and a prosperous New Year!

Congratulations to our Marketplace Finalists! Over the past three months, these incredible entrepreneurs from the Aleut Shareholder Marketplace, Bristol Bay Marketplace, and North Slope Marketplace have worked tirelessly on their business plans and financial projections. Your dedication, vision, and hard work have been truly inspiring, and we are so proud of all you’ve accomplished! Here is a highlight video from Boot Camp, where these entrepreneurs came together to learn, grow, and take their businesses to the next level. Here’s to your continued success—we can’t wait to see what’s next for each of you! A big thank you to all our partners who make this program possible: Spruce Root, University of Alaska Center for Economic Development, Anchorage Community Land Trust, Alaska SBDC, Alaska Native Science & Engineering Program (ANSEP), and of course Aleut, Bristol Bay Native Corporation, and Arctic Slope Regional Corporation

Welcome Mark Renner to the MAGC team! With over 25 years of banking experience, Mark brings a wealth of knowledge and passion for helping businesses grow. After graduating from the University of Colorado, he returned to Alaska, working in Prudhoe Bay before starting his banking career at the National Bank of Alaska. Mark’s background includes managing the Bethel branch, commercial real estate, and supporting businesses in achieving their goals. We're excited to have him on board and can’t wait to see the impact he’ll have!

It's Alaska Entrepreneurship Week! We're beyond grateful to work alongside a vibrant and diverse group of entrepreneurs from across our incredible state, each bringing unique energy to their communities. Today, we had the pleasure of connecting (both virtually and in person) with some of our Alaska Marketplace participants. It was inspiring to hear about their progress, challenges, and successes on their entrepreneurial journeys. Building a business is tough but so rewarding, and we couldn't be prouder of the hard work and dedication this group shows every day. None of this would be possible without the support of our amazing partners! Big thanks to Spruce Root, Anchorage Community Land Trust, University of Alaska Center for Economic Development, Alaska SBDC, Alaska Native Science & Engineering Program (ANSEP), and Element Agency! To learn more about Alaska Entrepreneurship Week and some of the events going on around the state, visit https://lnkd.in/gPYWQJtk #alaskaentrepreneurshipweek #supportlocall #entrepreneurship

We’re proud to announce that McKinley Alaska Growth Capital has received a $40 million allocation of federal New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury’s CDFI Fund. This new allocation will enable us to invest in businesses and projects across Alaska, particularly in high-poverty regions and Alaska Native Village Statistical Areas. Our focus is on addressing critical infrastructure needs and creating opportunities for growth in rural and underserved communities. We’re excited to continue building a stronger, more vibrant Alaska for all. Click here to read the full press release: https://lnkd.in/g-sZqrHj

On September 23, 1994, the Community Development Financial Institution (CDFI) Fund was created through bipartisan legislation, aimed at increasing economic opportunities in underserved communities. Now, 30 years later, it has proven to be a game-changer for local economies across the country. At Alaska Growth Capital, we’re proud to be a Native CDFI, committed to fostering the economic development of Alaska and empowering Indigenous and rural communities. With a mission-driven focus, we are helping businesses grow and succeed throughout our state. Here’s to 30 more years of growth, innovation, and economic opportunity! #CDFIFund #NativeCDFI

Our team just wrapped up an incredible week, hosting 30 entrepreneurs from across Alaska as part of our Alaska Marketplace business plan competition. This Intensive Entrepreneur Training is our favorite part of our Alaska Marketplace programming; we get to watch a remarkable group of entrepreneurs come together and fully immerse themselves in the hard work required to launch and grow small businesses. What began as three separate business plan competitions (North Slope Marketplace, Aleut Shareholder Marketplace, Bristol Bay Marketplace), evolved into a close-knit, family-like community of supportive entrepreneurs all moving forward for a more resilient Alaska. We are so proud of this group and can't wait to continue working with them as they develop their business plans over the next three months. Our Marketplace programming has come a long way in the last few years, and we couldn't do it without our valued partners at Spruce Root! Check out this clip from our 2023 training in Utqiagvik with our North Slope cohort: https://lnkd.in/gi3Q6ctV We’re excited to share more from our 2024 training later this year! For now, here are a few pictures!

We are SO excited to introduce our three cohorts of entrepreneurs from all across Alaska! We received 76 applications for the North Slope Marketplace, Aleut Shareholder Marketplace, and Bristol Bay Marketplace, and this group scored at the top of their respective regions. They are now in the running to win up to $25,000 to start or grow their businesses. These aspiring entrepreneurs are bringing direct benefits to their communities through their entrepreneurial spirit and innovation. We can't wait to bring them together for business Boot Camp in Anchorage next month, where they will gain the resources needed to build a strong foundation and bring their small business dreams to life. #Entrepreneurs #SmallBusiness #BusinessPlan