Business Briefly

Posted: Tuesday, August 14, 2001

Center renews its contract to help fishermen

JUNEAU - The Alaska Business Development Center has renewed its fisheries business assistance contract with the state.

The center, a nonprofit group, will continue to provide free and low-cost business counseling to commercial harvesters and small businesses in the Alaska fishing industry through its contract with the state Department of Economic Development.

Projects promoting value-added fish processing and enhanced product quality are of special interest to the nonprofit group, the center said in a release.

The center's consultants can help with issues such as tax problems, loan extensions, loan package preparation, and small business development.

The center has offered these services for the past 20 years.

Delta to discontinue Fairbanks service

ANCHORAGE Delta Air Lines has announced it will discontinue its Fairbanks service, beginning Nov. 1.

Mark A. P. Drusch, a Delta official, said the airline decided to drop the Fairbanks market because it was "unable to achieve acceptable financial results" there.

Delta began service to Fairbanks in 1987 through the airline's merger with Western Air Lines, which launched its Fairbanks flights in 1982.

Delta will continue to offer Anchorage flights, with year-round service to Seattle and Salt Lake City, as well as seasonal service to Atlanta.

The airline said it will work with customers who hold Delta Fairbanks tickets.

Wells Fargo offers home buyer's program

JUNEAU - Alaska residents may be able to get help buying their first home due to a loan program from Wells Fargo Bank.

Wells Fargo has been awarded its annual $20,000 for the HomeStart Savings Program by the Federal Home Loan Bank in Seattle.

The program is designed to help low- and moderate-income first-time home buyers gather funds for the down payment and closing costs.

To be eligible, potential home buyers must make less than 80 percent of the median income, according to a Wells Fargo press release. They also cannot have owned a home for three years prior to the purchase of a home using this program. Additionally, potential buyers must save money for at least six months and complete a home buyer class.

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