The Matanuska-Susitna Borough offers several incentives to Mat-Su businesses including Sale and Leases at Less than Fair Market Value, Industrial Revenue Bonds, Business Development Assistance, and Fast Track Permitting.
Types of Incentives
Sale and Leases of Borough Owned Land
The Matanuska-Susitna Borough is a major landowner and has several key industrial sites, including the Port MacKenzie marine and industrial complex. Qualified new businesses may apply to purchase and/or lease land owned by the Matanuska-Susitna Borough at existing industrial sites or on other land owned by the Borough.
Industrial Revenue Bonds
Industrial Revenue Bonds (IRB) are tax-exempt bonds that may be offered by the Borough on behalf of private companies. Since interest payments to IRB buyers are not subject to federal income tax, the bonds can be sold at lower rates of interest. This status reduces the financing cost of a project.
Business Development Assistance
201 N Lucille St, Ste. 2A
Phone: (907) 373-7232
The highly successful MAT-SU Small Business Development Center (SBDC) is a cooperative effort of the University of Alaska and the Matanuska-Susitna Borough to foster new and existing business development. The MAT-SU SBDC offers business-consulting services free of charge. Examples of the assistance provided include business plan development, accounting, marketing, etc. Additionally, the MAT-SU SBDC provides assistance in identifying business loan and grant possibilities and helps firms complete and file the associated loan and grant applications.
Fast Track Permitting
The Matanuska-Susitna Borough understands that time is money and is therefore committed to reducing barriers and paperwork that may stand in the way of private investment projects. Permits and licenses can generally be approved within 60 to 90 days from the time the private enterprise submits a completed application. The Assistant Borough Manager acts as an ombudsman for the firm to assist and move the project along in a timely manner.