State Supplemental Budget Clears Legislature, Paving the Way for Roads and More
Alaska construction industry leaders cautiously celebrate passage of state supplemental budget, greenlighting transportation funding.
Government
NPRA Lease Sale Shows Industry’s Interest Points North
While a federal oil and gas lease sale in Cook Inlet fizzled, a sale in the National Petroleum Reserve–Alaska attracted eleven interested companies.
Native American Bank Approved for AIDEA Loan Participation Program
Native American Bank N.A. has been approved as an eligible financial institution under the Alaska Industrial Development and Export Authority’s Loan Participation Program, expanding access to long-term financing for Alaska businesses and tribal enterprises.
8(a) Contracting Program Updates ‘Bona Fide Place of Business’ Rule
Alaska Native corporations welcome more flexibility in a recent requirement to establish a physical office where a construction contract is executed, even before bidding.
Covenant House Launching ‘Work Ready Alaska’ Skills Training Program
Alaska Department of Transportation and Public Facilities selected Covenant House Alaska as a primary partner in Work Ready Alaska to train youth in job and life skills.
Palmer Board of Economic Development Honors Eight Businesses
Palmer Board of Economic Development begins quarterly campaign to recognize city businesses for being integral to its economic success.