Frequently Asked Questions
The Spruce Root Path to Prosperity Program and Business Development Competition aim to support business ideas in Southeast Alaska that will increase local employment, have a positive social and economic impact on their communities, and promote sustainable use of local resources. Path to Prosperity programs will also increase entrepreneurial skills and business leadership in Southeast Alaska.
why the path to prosperity program and competition?
When is the application due?
Applications open April 30, 2024, and are due by 11:59 p.m. June 30, 2024.
Who is eligible?
This year’s competition cycle is open to businesses based in Southeast Alaska that intend to have a positive social, ecological and economic impact on their communities. Entries can be for a new business startup, diversification of an existing business, or extension of a current business activity. Please reach out to us if you have additional questions about eligibility.
We are happy to provide assistance and feedback for crafting a competitive application. If you would like support filling out this application, please reach out to Isabella Haywood, the competition administrator, no later than Monday, June 17th, at the link here.
Business ideas may include a new business or an expansion of an existing business. Note that 501(c)3 nonprofits are not eligible. Applicants must be Southeast Alaska residents.
We especially encourage participation from entrepreneurs of color and those outside of Juneau, Sitka, and Ketchikan.
what do finalists and winners receive?
Twelve finalists will attend our Business intensive in-person training in Juneau in mid-September, where they will receive technical assistance in writing a business plan and work with a variety of business specialists and service providers. Two businesses will then be selected as winners, and each will receive an award of up to $20,000. Awards can be used for any expense that will increase the entrepreneur’s capacity to run the business and/or grow the business in the medium to long-term, but may not be used for debt or immediate operational expenses (i.e. payroll, rent, etc.).
Yes, we are happy to provide assistance and feedback for crafting a competitive application. If you would like support filling out this application, please reach out to Isabella Haywood, the competition administrator, no later than Monday, June 17th, at the link here.
Can I receive assistance with my application?
To find out more and ask any questions, contact us.
This is an Equal Opportunity Program. Discrimination is prohibited by Federal Law.