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Alaska State Chamber of Commerce E-News - August 19, 2010

UA College Savings Plan newest sponsor of the Alaska Business Week program

The first Alaska State Chamber Alaska Business Week concluded this past Friday in an awards ceremony at the Salisbury Theatre on the UAF campus.  Thanks to the generous support of the UA College Savings Program, a total of $5,000 in college scholarships were awarded to five Alaska Business Week students, including: Kendall Eilo (Anchorage), Abby Bowman (Juneau), Khristopher Howard (Anchorage), Joey Mudry (Sitka) and Shaynee DeVito (Soldotna). These scholarships can be used for educational expenses at any eligible institution of higher education throughout the country. The UA College Savings Plan scholarships were awarded on the basis of leadership demonstrated throughout the program.

"We are pleased to sponsor this worthwhile program, and know the scholarships will be put to good use as these students consider their future educational options," said Linda English, Executive Director, UA College Savings Plan and UA Scholars Program.

Modeled after the very successful and long-running Washington Business Week program, this weeklong discovery-learning program is a hands-on leadership training experience specifically designed for high school students.

Competing with other companies, students gain management skills as they strategize their production, marketing and finance decisions, as well as respond to issues pertaining to personnel, the environment and corporate responsibility. This program transforms students as they gain confidence in themselves when facing real life business challenges. At the end of the week, students defend their companies in front of a panel of business leaders, and produce a product or service to be presented to potential 'stockholders' for investment purposes.

Whether a student knows what they will be doing after high school, or is still considering all the options, this program increases awareness of their skills and capabilities, and helps them to develop their focus in so many ways. Business leaders work with the students throughout the week to mentor the student companies and lead them to a winning strategy. 

This year, 45 high school students from all across Alaska participated in creating companies, developing a product or service, and learning leadership and teambuilding skills through a series of interactive exercises designed to make them focus on running a business. Students came from Wainwright, Atqasuk, Petersburg, Ketchikan, Juneau, Kenai, the Anchorage bowl area and Fairbanks.  They lived in the dorms at UAF and experienced college life first-hand.

The Alaska State Chamber is now making preparations for the program in 2011. 

See more information about the Alaska Business Week program and students reactions on Facebook

The 2010 Alaska Business Report Card

Representatives from the undersigned statewide business associations collaborated to evaluate members of the 2010 Alaska State Legislature based on their respective performances related to the priorities of Alaska's business community. Legislators were evaluated on the following broad policy areas - 1) Government Spending, 2) Regulatory Streamlining, 3) Tort Reform, 4) Business Taxes, 5) Open and Transparent Government, 6) Energy Policy and 7) Leadership.

Specific legislation considered in the grading process included, but was not limited to, the operating and capital budget bills (HB300 and SB230), reform of the Alaska Coastal Management Program (HB74 and SB4), limited liability in workers' compensation claims (SB303), oil and gas production tax reform (HB308), decoupling of oil and gas production taxes (SB305), vessel passenger taxes (SB312), ballot initiative reform (HB36), Cook Inlet natural gas storage and tax credits (HB280), state energy policy (HB306), and in-state pipeline coordination team (HB369). Grading was based on bill sponsorships, committee and floor votes as well as actions taken in committee when applicable.

Each of the participating organizations actively works to build a strong economy in Alaska and to ensure the state develops a policy regime that supports jobs and business. The scorecard is intended to give our collective memberships a clearer sense of who in Juneau stands up for Alaskan business. Each of our organizations will continue to work with all of our policy makers to make Alaska an attractive place for private sector investment, jobs and economic growth.

Alaska State Chamber of Commerce

Alaska Support Industry Alliance

Associated Builders and Contractors, Inc.

Prosperity Alaska

Resource Development Council for Alaska

Click to read the full report Alaska Business Report Card

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