$1.7M Federal Grant for Huslia to Relocate Electric Infrastructure
The shoreline in Huslia.
Jo Goldmann | US Fish & Wildlife Service
Federal cash is helping the Koyukuk River village of Huslia protect its energy infrastructure from erosion along the riverbank.
Supporting Resiliency
The US Department of Commerce Economic Development Administration (EDA) awarded a $1.7 million grant to Huslia to support resiliency by relocating and replacing elements of the village’s power distribution network that are in a river erosion zone.
“President Biden is committed to supporting tribal communities in their recovery from the coronavirus pandemic,” says Secretary of Commerce Gina Raimondo. “This EDA investment will provide more secure power infrastructure to Huslia Village to create new economic opportunity and improve the region’s economic resilience.”
This project is funded under EDA’s Indigenous Communities program, which allocates $100 million in American Rescue Plan funding to support the needs of tribal governments and Indigenous communities as they recover from the pandemic and build economies for the future.
“Tribal communities were disproportionately impacted by the coronavirus pandemic,” says Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “This EDA investment will support Huslia Village’s efforts to provide a favorable operating environment for local business, creating the potential for future job growth and creation.”
The EDA grant is expected to create or retain nearly 140 jobs and generate $1.9 million in private investment, according to the village’s estimates.
Better Business Bureau: How Businesses Compete on Trust, not Price
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Better Business Bureau: Smart Shopping in Tough Times
In challenging economic times, cutting corners on car maintenance, home repairs, or professional advice can backfire. In short, “cheap” doesn’t always mean “smart.”
End the Year on Purpose: Alaskans’ December Financial Checklist
While the most suitable tax and investment planning occurs year-round, December still offers powerful opportunities to stop and review, adjust, and prepare for a stronger start to the new year.
Also in this issue: building a company and planning an exit strategy; several ESOPs, and UAS’ foray into a new model for tuition. Enjoy!