Are you a resident of Southeast Alaska with an idea for a sustainable small business you want to start or expand? The Path To Prosperity business development competition application deadline closes at 11:59 p.m. on Thursday, May 31.
Path To Prosperity (P2P) is a competition sponsored by Spruce Root Community Development (a subsidiary of Sealaska Co.) and The Nature Conservancy. It is offering two winning entrepreneurs a prize package worth $25,000 each in consulting/technical assistance to develop their business concept, along with support in finding investor funding. The first few years of the Path To Prosperity contest allowed applications from all types of businesses, but in 2017 the contest focused just on food businesses. This year the contest is back to being open to a variety of business types.
The competition aims to grow local companies that will increase employment, have a positive social and economic impact on their communities, promote sustainable use of local resources, and increase entrepreneurial know-how and business leadership in Southeast Alaska.
Over five cycles, the Path to Prosperity (P2P) business development competition has received applications from nearly 200 businesses and start-ups from across Southeast Alaska and has provided intensive management training to 60 entrepreneurs during the signature Business Boot Camp weekends in Juneau.
The program’s success has garnered attention from beyond Southeast. In 2015, Path to Prosperity was presented a Silver Award for Excellence in Economic Development by the International Economic Development Council. Joe Morrison of Biz21 Consulting in Anchorage has praised the program for its results.
The Path to Prosperity Business Development Competition is open to individuals, for-profit businesses or tribal entities. Business ideas may include a new business or an expansion of an existing business. 501(c)3 nonprofits are not eligible. Applicants must be Southeast Alaska residents.
Twelve finalists will be named in July 2018, and they will attend the weekend Business Boot Camp in September in Juneau to receive technical assistance in writing a business plan. The 12 finalists will submit their final business plans in December, and two business plans will then be selected as winners and each will receive an award of up to $25,000 for consulting and technical services to develop the business.
The 2017 winners were Mighty Bear Roots of Wrangell and Game Creek Family Orchards of Hoonah. Mighty Bear Roots is owned by Dixie and Chris Booker, and they run an aeroponic greenhouse that provides Wrangell with fresh produce. Game Creek Family Orchards is owned by Rob Bishop, and it supplies fruit trees, tree services, and apples to Hoonah and Southeast Alaska.
Other past Path To Prosperity winners include Wild Alaska Kelp Company (now known as Barnacle Foods) of Juneau and Skya’ana Coffee of Klawock in 2016; the Salty Pantry of Petersburg and the Sawmill Farm of Sitka in 2015; Port Chilkoot Distillery of Haines, Coppa of Juneau, and Fairweather Ski Works of Haines in 2014; and Raven Guitars of Wrangell and Alaska Legacy Wood Homes and Products of Icy Strait in 2013.
For information about how to apply and the application process, click this link. You can apply online at this link. Ashley Snookes is the competition administrator, and she can be reached at firstname.lastname@example.org or 907-209-9570. For general questions about the contest, send email to email@example.com or call 907-586-9251.