BusinessDigest

Posted: Monday, October 11, 2004

Applications for business competition due Oct. 22

The fifth annual Alaska Business Plan Competition will be held at 6:30 p.m. Dec. 8 at Alaska Pacific University in Anchorage.

Applications are due by Oct. 22 and business plans must be in by 5 p.m. Nov. 3.

Application requirements are: Entrepreneurs must have a goal of generating $10 million in revenue by their fifth year of operation. The business needs to be based in Alaska and must also try to raise capital.

Individuals or teams who reach the final round will give 10-minute presentations of their plans for start-up funding or later financing. Immediately after each presentation, judges, made up of a panel of local investors, will ask questions to test the plan's validity.

Business plans will be judged on their management team, business scale, risk and expected return on investment.

For more information on submitting a business plan, contact Rick Wolk at APU, (907) 564-8365 or rickw@alaskapacific.edu

Organizations move into building on Calhoun Ave.

JUNEAU - Four fishing organizations have merged into the Alaska Fishermen's Building at 410 Calhoun Ave., near the Juneau-Douglas City Museum.

The building houses the Southeast Alaska Seiners Association, which used to be located on Main Street in Juneau, and Alaska Sein Boat Owners, formerly in Anchorage. The building also houses two new groups - the Alaska Fisheries Marketing Board and Southeast Revitalization Association.

The marketing board will provide funding to better market Alaska seafood products, said Rob Zuanich, executive director of the Alaska Seine Boat Owners. The revitalization association will try to reduce the number of permits in Southeast for salmon fishers, he said.

Zuanich and Bob Thorstenson Jr., president of United Fishermen of Alaska, bought the building in August of 2003 and moved in that September, Zuanich said. They put a sign on the building about a month ago.

The building, adjacent to the state office building, used to house six apartment units, Zuanich said. He and Thorstenson converted four apartments into office space for the organizations and live in the other two, he said.

The building is open 9 a.m. to 5 p.m. Monday through Friday.



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