Alaska Business Development Center, Inc

Description

The Alaska Business Development Center, Inc. originated in 1978 with a mission to assist Alaska entrepreneurs and small business owners. In 1980, the center received it's nonprofit status and turned a focus to the commercial fishing industry. This industry evolved to be ABDC's niche market and a synergy was created among contracts that were awarded. ABDC focused on assisting those facing financial obstacles and those seeking ways to improve their operations through expanding employment opportunities as well as ones that promoted value-added processing or improved product quality. In addition to providing assistance specifically to commercial harvesters and other small businesses within the seafood industry, and as a result of the nature of the industry, ABDC's focus narrowed to assisting those residing in the rural areas of Alaska who did not have direct access to professionals. Through various contracts with state and private organizations, ABDC's staff have routinely traveled to all parts of the state to assist with outreach efforts, loan packaging, training, etc. As a result of working in the individual rural communities, ABDC realized there was a large problem of non-compliance with the IRS among the residents, which resulted in major issues for the individuals who were trying to start or expand their business. ...

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