Business Briefs

Posted: Thursday, April 18, 2002

Hoyt named community bank president

Wells Fargo and Co., recently promoted John Hoyt to community bank president over the Kenai Peninsula area.

Hoyt has worked for the bank for 17 years, including three years as manager of the electronic services department in Anchorage. His most recent post has been manager of the Soldotna store. He is currently a member of the Kenai Peninsula Rotary Club, Soldotna Chamber of Commerce and the Damon Foundation.

In his new position as community bank president, Hoyt will oversee the Kenai Peninsula stores including Soldotna, Kenai, Seward and Homer. He will also continue to oversee business banking for the area. Hoyt is a senior vice president of Wells Fargo and Co.

Learn how to finance small businesses

The Kenai Peninsula Small Business Development Center is offering a seminar entitled "Finding the Money: Strategies and Sources of Capital" on Wednesday from 1 to 4 p.m. at the Red Diamond Center. The cost is $15.

Training will offer information on new financing programs and creative strategies for working capital.

The center will co-sponsor with the Small Business Innovation Research and Small Business Technology Transfer Programs a seminar entitled "Business Grants for Developing Innovative Technologies," on April 25, from 1 to 4 p.m.

Learn more about funds that provide businesses with the ability to commercialize technology for profit. This seminar details how 10 federal agencies work with small businesses interested in researching and developing innovative technologies. Alaska businesses have been increasingly successful with SBIR/STTR proposals. This seminar is free.

For more information or to register, please call Lou Collier at 262-7497.

New Tesoro Alaska president named

Rodney Cason has been named president of Tesoro Alaska Company, effectively immediately. Cason assumes the position with the transfer of Gene Burden, who was Tesoro Alaska's president, to the company's San Antonio headquarters from Anchorage. Burden has been named senior vice president, human resources and government relations, a new position. Cason will continue to serve as manager of Tesoro Alaska's Kenai refinery and will share time between Tesoro Alaska's Anchorage office and the refinery.

Alyeska Prince wins AAA Four Diamond recognition

AAA Alaska announced that the Alyeska Prince Hotel and the resort's mountain-top restaurant, the Seven Glaciers, have received AAA Four Diamond honors. The Alyeska Prince Hotel is the only hotel in Alaska with the Four Diamond designation, and the only property out of 800 in the U.S., Canada and the Caribbean that has received dual awards.

Each of the four Prince Hotels in Hawaii are Four Diamond award winners. AAA's diamond rating system originated in 1977, and the awards are based on sophistication, service and overall atmosphere.

Deadline extended on small business disaster loan

The U.S. Small Business Administration has extended to May 22 the filing deadline for small-business owners across the country to apply for Economic Injury Disaster Loans. The previous deadline was April 22.

The EIDLs are available to eligible small businesses that suffered substantial economic injury as a direct result of the September terrorist attacks or a federal action taken in response to the attacks.

Small businesses may apply for a working capital loan of up to $1.5 million. The interest rate on these loans is 4 percent with a maximum term of 30 years. The SBA determines the amount of economic injury, the term of each loan and the payment amount based on the financial circumstances of each borrower.

Alaska businesses interested in applying for an economic injury loan can contact the SBA disaster area office at 1-800-488-5323. For more information, visit the SBA web site at www.sba.gove/disaster.

New summer ale released

In celebration of summer, Alaskan Brewing Company is releasing the new Alaskan Summer Ale on tap in May throughout the Pacific Northwest.

Following the success of Alaskan Winter Ale, Juneau-based Alaskan Brewing Co. is releasing one of its most popular rough drafts as a summer seasonal. Brewed as a part of the distinctive Rough Draft Research and Development Program, this beer has been brewed in small batches since 1997 and was available only in Alaska.

Alaskan Summer Ale will be available throughout Alaska, Washington, Oregon, Idaho, Montana, Northern California and Northern Nevada for a limited time this summer.

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