The City invested in KEDC. Together, we made it pay off for Kodiak.
From 2023 to 2026, the City of Kodiak's support kept a local economic development team working full time for Kodiak. KEDC used that support to win outside grants, bring in expert technical assistance and partner funding and help local businesses invest in their own storefronts.
$2.88 working for Kodiak for every City $1. That's the City's $1, which kept a local team on the job, plus $1.88 in grants, technical assistance and investment that team brought in.
This funding went to our partners, so it is not counted in the $846,786 above.
Why it matters: this funding and expert help was available to any community that applied for it. Without a local team to write the applications, put up the match and do the reporting, it would have gone somewhere else.
How a City dollar keeps working
A steady local partner
City support keeps KEDC's doors open, so Kodiak has someone whose full-time job is the island's economy.
Grants and partners
Most grants need a local organization to apply, match funds and report results. That is the work City support makes possible.
Programs people use
Well testing, a Housing Action Plan, storefront improvements and support for a new industry downtown.
What does $150,000 a year really cost?
How we got there: $150,000 a year divided by about 12,400 residents is $12.10 per person, per year.
KEDC brought in $846,786 in grants, technical assistance and local investment over three years. Divided by about 12,400 residents, that's about $23 a year for each person.
Without City support, what would Kodiak lose?
Most outside funding goes to communities that have a local organization ready to apply, match and report. Without one, Kodiak would be left out of:
Outside grants and expert help
$846,786 in the last three years from RCAC, Southeast Conference, Denali Commission, USDA and others.
A plan for housing
The Housing Action Plan and the Housing Action Partnership that is putting it to work.
Safe water for 97 waiting households
KEDC is working now to bring well testing to the 97 households on the waiting list. Without City and Borough support, that work stops. 15 wells have already been tested at no cost to homeowners.
Groundwork for downtown growth
KEDC's engineering and permitting work made WildSource's downtown kelp facility shovel-ready, so partners could secure $2.8 million.
30 businesses ready for round two
30 Kodiak businesses want to join a second round of storefront improvements. Without City support, there's no second round. The first round brought $79,285 in local business investment.
A shot at future grants
Many grants require a strong partnership with local government. City support shows funders that Kodiak's leaders stand behind this work. Without it, Kodiak could be ineligible for some of them.
Storefront Improvement Program
For every City dollar in the storefront program, partners and local businesses put in $6.29 to fix up downtown buildings. That's $79,285 in local investment on Kodiak's main streets.
What the dollars turned into
15 wells tested
At no cost to homeowners, so families know their water is safe.
Housing Action Plan
Over $100,000 of work, chosen for the 2026 Alaska Planning Conference.
85 at the Workforce Forum
Employers, schools and training partners planning Kodiak's next workforce together.
A shovel-ready project
WildSource's downtown kelp facility, ready for $2.8 million in partner funding.
A partnership we're proud of
We're sincerely grateful to the Mayor, City Council and City staff for three years of partnership. Being able to support the City's work for Kodiak is one of the most meaningful parts of what we do.
Kodiak's progress is a shared effort.
The City's support is the starting point. Grants, partners and local businesses build on it.
See all our results