Recipient must qualify as a Trust beneficiary.
The business must meet the definition of a microenterprise, which is a business with total capital needs of not more than $35,000 and fewer than five employees.
Allowable costs include but are not limited to: business license, insurance, permits, inventory, raw materials to make a product, equipment, supplies, rent or lease for space to offer a service or product, utilities, furnishings, marketing activities, transportation costs not related to vehicle purchases, accounting services, and training/support services.
How to Apply
The Trusts contracts with the UAA Center for Human Development to administer these grants.
Interested applicants should visit https://www.uaa.alaska.edu/academics/college-of-health/departments/center-for-human-development/megrant for more information about the program and eligibility. Business plan development support is available at no cost.