Alaska Growth Capital supports broadband project.

• Author: Pounds, Nancy
• Position: Inside Alaska Business

Alaska Growth Capital helped secure financing for Unicorn s project to build broadband facilities to serve rural Alaska. Waveland Ventures, Travois New Markets and U.S. Bank also worked with Alaska Growth Capital to secure New Markets Tax Credit financing for the TERRA-Northwest project. The New Markets Tax Credit Program provides tax credit incentives to investors for equity investments in economic development efforts in low-income communities nationwide. These equity investments provide financing to economic development projects that would not otherwise be financially feasible.

Construction is nearing completion of TERRA-Southwest, a project that features building infrastructure to support terrestrial broadband service to 65 communities in Bristol Bay and the Yukon-Kuskokwim Delta. The...