Alaska Small Business Development Center

News

January 2023 Update from the Alaska SBDC Executive Director

The New Year is a chance for new beginnings and new opportunities! Here at the SBDC we’re planning on making 2023 our best year yet. We are pleased to announce that we launched the first …

University of Alaska Announces Launch of SSBCI Equity Program

FOR IMMEDIATE RELEASE: January 13, 2023 University of Alaska Announces Launch of SSBCI Equity Program Alaska Equity Fund (AKEF) is seeking proposals to invest up to $10 million in State Small Business Credit Initiative (SSBCI) …

Upcoming Events: Mariculture Conference (Juneau), Kelp Farming (Kodiak), DoD Mentor Protégé Summit (Orlando, FL)

This month, we highlight two events presented by Alaska Sea Grant, and one event presented by the DoD: The Mariculture Conference of Alaska, February 15-17  (Juneau) Foundations of Kelp Farming: A Hands-On Workshop Intensive, March …

Alaska Cohort Completes SBA Program with Outstanding Performance

The SBA’s Emerging Leaders initiative, created in 2008, was revamped this past year and rebranded to T.H.R.I.V.E. Emerging Leaders Reimaged. “T.H.R.I.V.E.” stands for Train, Rise, Innovate, Venture, and Elevate. Similar to years prior, T.H.R.I.V.E. Emerging …

IRS Issues Standard Mileage Rates for 2023

The IRS issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Beginning January 1, 2023, the standard mileage rates for …

December 2022 Update from the Alaska SBDC Executive Director

The Holiday season is upon us once again! If you’re in the Southcentral like I am you’ve been more focused on digging yourself out of your driveway than on buying presents. The good news is BuyAlaska’s Holiday …

Meet the Alaska SSBCI Team

The State Small Business Credit Initiative (SSBCI) is a federally-funded program intended to attract lenders & investors to help with funding businesses that can’t get conventional business loans from banks & lending institutions. The AK SBDC …

Wells Fargo Provides Funding to Support Interior Businesses

The Alaska SBDC is proud to announce a new partnership with Wells Fargo Bank to support Interior businesses. Through a $20,000 grant to the Alaska SBDC, Wells Fargo has allowed us to provide expanded services, free …

SBA’s Seattle District Wednesday Webinars

Wednesday Webinars with SBA’s Seattle District is an ongoing series of free, virtual webinars covering a variety of topics to benefit small business owners. Each week, they will feature a different area of SBA programing, …

Q3 BizBuySell Insight Report

Small Business Acquisition Prices Drop in Q3, Seller Confidence Dims as Inflation Compresses Margins Sale prices declined for the second consecutive quarter, down 14% year-over-year Transactions soften as demand shifts to lower-priced businesses, restaurant deals …

Know the Difference Between a Hobby and a Business

Sometimes knowing the distinction between a hobby and business isn’t always clear cut. The IRS has provided resources to assist in understanding the difference. The IRS provides the following information to help a taxpayer determine if …

November 2022 Update from the Alaska SBDC Executive Director

The holiday season is upon us and that can only mean one thing: I’m going to eat too much and wait too long to buy presents for friends and family. Maybe this year will be different …

Amazing Holiday Gift Ideas – Shop Local

Gifts from local businesses are thoughtful, unique, and a great way to support our local economies. The BuyAlaska Holiday Gift Guide features inspired gift ideas from Alaska businesses. Get started on your local holiday shopping using the …

October 2022 Update from the Alaska SBDC Executive Director

Snow has been spotted as far south as Anchorage and my utility bills have started creeping higher now that my kids have started turning the heat up when I’m not looking which can only mean …

Alaska Launches SSBCI – $59 Million Small Business Financing Program

FOR IMMEDIATE RELEASE: October 24, 2022 ALASKA LAUNCHES $59 MILLION SMALL BUSINESS FINANCING PROGRAM The State of Alaska, the University of Alaska, and the Alaska Small Business Development Center (Alaska SBDC) today announced the launch …

SBA EIDL Deferment Period is Ending: Are You Ready?

The deferment period for SBA Economic Injury Disaster Loans (EIDL) is coming to a close soon, which means many businesses must now begin making loan payments. To learn how to create an account at pay.gov, …

Alaska Women’s Business Center (AWBC) Is Now Open for Business

The Alaska SBDC is pleased to welcome Alaska Women’s Business Center, a program of Business Impact NW in partnership with the U.S. Small Business Administration. The  Alaska Women’s Business Center (AWBC) will provide free and low-cost counseling …

Attention Certified VOSBs and SDVOSBs

Effective January 1, 2023, the VA certification application process will be transferred to the SBA. Here is what you need to know. Action Needed Background Effect of VA Verification Period of Eligibility See the details specific …

IRS Advises That Improperly Forgiven Paycheck Protection Program Loans Are Taxable

The IRS recently issued guidance addressing improper forgiveness of a Paycheck Protection Program (PPP) loan. The guidance confirms that, when a taxpayer’s loan is forgiven based upon misrepresentations or omissions, the taxpayer is not eligible …

Deposit Requirements for Employment Taxes

Be sure to grab the recently updated Notice 931, Deposit Requirements for Employment Taxes which informs taxpayers of their federal tax deposit requirements for quarterly Form 941 and annual Forms 943, 944, 945 and CT-1. This contains a thorough …