10-05-2025
Alaska small businesses need investment, not abandoned contracts
Traffic in downtown Anchorage on Oct. 10, 2024. (Photo by Yereth Rosen/Alaska Beacon)
This week is National Small Business Week, a time to celebrate the entrepreneurs who keep our communities vibrant and full of opportunity. In Anchorage, we're lucky we don't have to look far to see that spirit in action.
Just last week, a room full of small business owners, proud families, and community members gathered in Spenard to celebrate the newest graduates of Anchorage Community Land Trust's Set Up Shop and Indigenous Peoples Set Up Shop programs. These programs help entrepreneurs in underserved communities launch and grow their businesses, creating a ripple effect of community revitalization and generational wealth.
But just as we mark this week meant to honor small businesses, the future of this work is in jeopardy. Recently, the federal government terminated congressionally approved grants that fund these very programs. That means Set Up Shop — a proven path to self-sufficiency for underserved entrepreneurs — may not continue in its current form.
And let's be clear. This isn't about government waste or bloated bureaucracy. It's about breaking a contract.
Imagine hiring a contractor to paint your home. They buy the paint, prep the walls, schedule a crew, and then you cancel the job halfway through and refuse to pay. Most people would agree that's unethical, and certainly indefensible. Yet that's exactly what's happening to nonprofits like ACLT, who were asked to do a job, only to see the funding pulled midstream. The work still needs to be done, but the government has walked away.
We're not just talking about line items in a budget. We're talking about hard- working Alaskans who have done everything right. They've taken business classes, written plans, earned certifications, and opened storefronts, and are now left with fewer tools and less support than they were promised. When we don't invest in our own people, we pay the price in other ways, with lost jobs, empty buildings, and neighborhoods full of untapped potential.
When an entrepreneur opens a new business in Anchorage they hire locally. They spend locally. They transform vacant lots into thriving storefronts. The economic return goes far beyond the individual business owner and it makes our city a better place to live.
Set Up Shop has helped more than 500 entrepreneurs turn ideas into realities, and side hustles into fully fledged businesses. These businesses hire locally, pay taxes, and invest in their neighborhoods. That's not charity. That's economic infrastructure built from the ground up.
We will continue to do this work, with or without the original funding. That's what it means to serve your community. But we could benefit from you being with us. If you believe in the promise of local business and the power of neighborhood-led change, we invite you to consider supporting ACLT and, most importantly, supporting these entrepreneurs. You could visit their businesses, share their stories and help us keep the momentum alive.
Because when we invest in our neighbors, we all win — and that's just good business.
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