Spruce Root is a nonprofit organization headquartered in Juneau, Alaska, dedicated to promoting economic development and job creation in Southeast Alaska. Founded in February 2012 as Haa Aani Community Development Fund, Inc., it was rebranded as Spruce Root, Inc. in 2017[1][3]. As a certified Community Development Financial Institution (CDFI), Spruce Root provides access to small business loans and business advisory services to support entrepreneurs in the region[3][4]. ### Key Services and Initiatives - Business Loans and Advisory Services: Spruce Root offers flexible loan options for startups, working capital, business expansion, and other business needs. It also provides coaching, training, and technical resources to entrepreneurs[3][4]. - Community Engagement: The organization fosters collaboration among diverse groups in Southeast Alaska, promoting sustainable and Indigenous-led development. It works closely with the Sustainable Southeast Partnership to support conservation and economic growth[2][3]. - Indigenous Values and Sustainability: Spruce Root emphasizes Indigenous values, such as cooperation and connection, and prioritizes Native knowledge and stewardship. It aims to build a regenerative economy that benefits future generations[2][3]. ### Recent Achievements - SBA Microlender Designation: Spruce Root became the first SBA-approved microlender in Alaska, enhancing access to capital for small businesses[5]. - Growth Accelerator Fund Competition: Spruce Root won Stage Two of the competition, receiving a $150,000 cash prize to support its innovative approach to small business development[5]. - Tongass Green Bank Project: The organization received $2.5 million in funding from the U.S. Department of Energy to launch this project, focusing on energy improvements in rural areas[5].