Oil Patch Bits: ASRC announces North Slope Marketplace winners

Arctic Slope Regional Corp. said June 14 that it has selected the winners of the 2010 North Slope Marketplace, a competition for shareholders to compete for funding to start or expand North Slope based businesses. The competition, which took place from February to May, was designed to inspire new business opportunities for North Slope communities, challenging shareholders to compete for funding ranging from $17,000 to $25,000 and was open to all ASRC shareholders. “We received a great response from the North Slope communities, and are pleased that entrepreneurship among ASRC shareholders is building momentum,” said Roberta Quintavell, president and CEO of ASRC. “In addition to the financial award, winners are provided with support from business and financial mentors throughout the ASRC family of companies.” ASRC is owned by and represents the business interests of the Arctic Slope Inupiat. Since opening enrollment in 1989 to Alaska Natives born after 1971, the corporation’s shareholder base has nearly tripled, growing from the 3,700 original enrollees to 11,000 today.