Small Business Grant Application

Grants of up to $1,500 are available for payments to suppliers of tools, equipment, business supplies, training and licenses as well as services such as construction, repair or renovation of facilities that are necessary to start or expand a business. No grants will be payable directly to a grantee.

1. Applicant name, address and phone contact:

2. Type of Business (such as retail store, repair shop, or arts and crafts):

3. Expenses for which you are requesting grant funds. Please list what you intend to purchase for your business and from whom you intend to make that purchase. You must attach an invoice to document each expense.

4. Required Attachments:

A completed BUSINESS PLAN form.

A supportive resolution from your Traditional IRA or city council (sample resolution included) OR three letters of support from non-related, adult residents of your village

PLEASE MAIL YOUR COMPLETED APPLICATION AND ATTACHMENTS TO NORTHWEST ARCTIC ECONOMIC DEVELOPMENT COMMISSION, P.O. BOX 2210, FITSVILLE, ALASKA 99752. NO FAXES ACCEPTED. QUESTIONS MAY BE REFERRED TO GRANT GUY, EDC DIRECTOR, AT PHONE NUMER .

Your Business Plan

Please describe the business you plan to start or already operate.

Will your product or service be competitive based on its quality, selection, price and location? Please explain.

Do you know what licenses and permits you may need to operate your business? Have you acquired the necessary licenses and permits?

Describe the location from which you will operate your business.

List the training or experience you have had that will help you run this business.

What is your proposed inventory list of supplies and/or merchandise you will purchase?

Have you located a reliable source of the supplies or merchandise?

Are you prepared to maintain a complete record of sales, income and expenses, accounts payable and receivables? And how will you do so?