The Path to Prosperity sustainable business development competition has selected this year’s cohort of 12 businesses (including three from Sitka) to advance to the second round of the competition. Started by Sealaska and The Nature Conservancy in 2013 and run by Spruce Root, Path to Prosperity is an award-winning competition for small businesses and start-ups located in Southeast Alaska. As usual, several of the finalists are businesses centered around the use of local foods.
In Round 2 of the competition, finalists will participate in Path to Prosperity’s innovative Business Boot Camp where they will get access to resources, work with mentors, and receive one-on-one consulting to develop their business models and plans. In February 2021, two finalists will be selected to win $25,000 each to grow their businesses. The following 12 businesses were selected as this year’s finalists:
- Business Name, Primary Applicant, Location
- Alaska Today, Allen Bird, Ketchikan
- Caffeinated Raven, Alison Bremner (Marks), Juneau
- Coastal Heating and Repair, James Jensen, Yakutat
- Equinox, Cameo Padilla, Sitka
- Gastineau Grains, Kate Higgins, Juneau
- Integrative Mushroom Solutions, Uyanga “Angie” Mendbayar, Juneau
- Jellyfish Donuts, Brianna Krantz, Ketchikan
- Kaasei Training and Consulting, Naomi Michalsen, Ketchikan
- Sitka Flowers & The Chocolate Moose, Angela Ketah, Sitka
- TIDES Education Associates (no website), Nancy Douglas, Sitka
- Well-Being, Adrianna Oliva, Ketchikan
- Xíinaansdla, Marita Tolson, Hydaburg
From offering Haida cultural immersion in a traditional longhouse, to creating tasty snacks from spent grain, to incorporating culture-based learning into Alaska’s school systems, the 2020 Path to Prosperity finalists are defining Southeast Alaska’s local products and services, creating jobs, and driving local, sustainable, economic growth.
“Path to Prosperity accelerates the growth of small businesses throughout the region by bringing businesses together to network, work with experts, and write their business plans,” says program administrator Ashley Snookes. A total of 18 entrepreneurs from six communities applied to Path to Prosperity in 2020. “Businesses have been hard-hit this year, and we want to do everything we can to help them, our communities, and our region thrive.”
One of the unique opportunities in Path to Prosperity this year is the program’s focus on minority-led businesses. “Southeast Alaska is a diverse region, and we hope the program will be especially beneficial to Alaska Natives and other minority communities this year,” says Snookes. The 2020 program is sponsored largely by the Minority Business Development Agency, which defines minority-led businesses as United States citizens who are Asian, Black, Hispanic, Hasidic Jews, Native American, and Pacific Islanders. Ownership by minority individuals means the business is at least 51% owned by such individuals.
Over the past eight years, Path to Prosperity has received more than 260 applications from Southeast Alaskan small business owners and entrepreneurs across 22 communities. The program has trained 89 finalists at Business Boot Camp and awarded 15 winners $510,000 to build their local businesses. All of the participants have been trained in the “triple-bottom-line” approach to building a business by learning to measure their profitability as well as the environmental and social impacts of their business. Competition winners include Skyaana Coffee Co. (Klawock), Barnacle Foods (Juneau), Foundroot (Haines), Village Coffee Company (Yakutat), Icy Straits Lumber (Hoonah), and more.
Path to Prosperity is a Spruce Root program. Spruce Root provides local entrepreneurs with access to business development and financial resources in the form of loan capital, business coaching, workshops, and competitions. Together, these programs support both new and existing businesses in Southeast Alaska and empower business owners through increased self-sufficiency. To learn more about Path to Prosperity or Spruce Root’s other services, visit their website at www.spruceroot.org or email email@example.com.