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 MAYOR SULLIVAN WINS TWO ALASKA MUNICIPAL LEAGUE AWARDS 

  

11/16/2012
Mayor's Office

FOR IMMEDIATE RELEASE

Contact: Lindsey Whitt
Phone: 907-343-7103
Cell: 907-433-9543
E-mail: whittla@muni.org

MAYOR SULLIVAN WINS TWO ALASKA MUNICIPAL LEAGUE AWARDS

Anchorage, Alaska – November 16, 2012

Mayor Dan Sullivan was recently presented with two Community Awards of Excellence from the Alaska Municipal League (AML) during their annual meeting in Anchorage. The first award recognized Mayor Sullivan’s efforts to improve student performance in the Anchorage School District through the Mayors Education Summit.

The second award recognized his efforts implementing the 49th State Angel Fund, a U.S. Treasury allocation of $13.2 million to be used as venture capital for start up businesses and to expand existing businesses. Anchorage was the only city in the United States to be granted the funds. "I am honored that the efforts of our hard working executive team have been recognized by the AML. These initiatives were truly a team effort, but two individuals, CFO Lucinda Mahoney and former OMB Director Cheryl Frasca deserve special acknowledgement for their work on the 49th State Angel Fund and the Education Summit respectively."

Mayor’s Education Summit:

In 2011, Mayor Sullivan launched an initiative to improve education performance standards for all students in Anchorage public schools.

Mayor Sullivan’s goal is to raise the achievement bar so that Anchorage high school graduates are competitive in the international workplace. Mayor Sullivan feels that it is not enough for educational success to be defined by mediocre standards of other American cities.

For more information about the Mayor’s Education Summit visit:http://www.muni.org/Departments/Mayor/Pages/Mayor'sEducationSummit.aspx

49th State Angel Fund:

The Municipality of Anchorage has been allocated $13.2 million by the U.S. Department of Treasury’s State Small Business Credit Initiative (SSBCI) to invest in Anchorage businesses. Anchorage is the first city in the U.S. to receive the allocation.

Anchorage has established the 49th State Angel Fund (49SAF). The purpose of the 49SAF is to provide a new source of capital to Anchorage entrepreneurs that will spur economic

development and encourage the creation of a qualified network of Angel investors. The 49SAF will make equity investments in local start-ups and small businesses that need additional capital for growth. For more information visit: http://www.49saf.com/

The Alaska Municipal League describes themselves as an organization that strengthens Alaska Municipalities through Advocacy and Education. For more information visit: http://www.akml.org/

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