Anchorage awarded $13.2 million
Posted: Feb 7 2012 - 8:40pm
Municipality of Anchorage is awarded $13.2 million from U.S Department of Treasury for economic development
The Municipality of Anchorage (MOA) has been allocated $13.2 million by the U.S. Department of Treasury’s State Small Business Credit Initiative (SSBCI) to invest in Anchorage businesses. Anchorage is the first city in the U.S. to receive the allocation.
Many companies, particularly small businesses and start-up companies, have found it increasingly difficult to obtain loans due to the tightening of the credit markets. In 2010 Congress appropriated funds to be disbursed to states and eligible municipalities to increase the amount of capital available for small business.
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