New Markets Tax Credit Coalition

Unicome-Aleutians

GCI Communication Corp, an Alaska telecommunications company, will extend its broadband network to the Aleutian Island Chain to provide service to rural Alaska Native Villages.

Investment

  • NMTC Amount: $16,250,000
  • Total Project Cost: $236,217,345

IMPACT

  • 17 FTE jobs
  • 211 construction jobs
  • Massive broadband expansion along the Aleutian Islands

Investor

Project Description

GCI Communication Corp (GCI), an Alaska telecommunications company, will extend its broadband network to the Aleutian Island Chain to provide service to rural Alaska Native Villages. Aleutians schools and Alaska Native health corporations are hopeful the expansion will help combat the epidemic of youth suicide the rural villages face. The opportunity to provide telehealth counseling services to young people who struggle with feelings of isolation is key to the ongoing strategy to provide support to the community youth. The expansion of the broadband network will also create high-quality jobs for people in Alaska Native Villages and catalyze further private investments in communities.

Other Alaska Projects

Through the NMTC, the CDE, Alaska Growth Capital used its 2003 allocation to join with the Tyonek Native Corporation and provide a $1 million loan for this project with Envirotech.
A center for nonprofits in a Anchorage neighborhood in transition from distress and decay to new life as the City's Arts and Cultural District.
A new 14,340 sq. ft. facility serves the elders of a 12-village Northwest Arctic region, an area the size of Ohio, and provides them with a high level of medical
The NMTC financed the opening of the crisis center at 755 A Street, Anchorage, Alaska.