Leading economist Scott Goldsmith states that developing the Pebble Deposit in Southwest Alaska could make a significant contribution to Alaska’s economy. A professor of economics with the University of Alaska’s Institute of Social and Economic Research (ISER), Goldsmith notes that the economic factors the project anticipates offer considerable value to the state, with annual operating costs ranging from $1 to $3 billion and construction jobs topping 4,000.
The publication, commissioned by First National Bank of Alaska, looks at the state’s overall economics. Goldsmith notes 2014 will be the first time Alaska’s operating and capital budget exceeds expected revenues, and the state will need to draw on reserves to fund the budget for the first time in several years.
Goldsmith warns that oil revenues are on the decline, and "Alaskans must be vigilant about diversifying our economy."
Read coverage from KDLG in Dillingham
Read Goldsmith’s August 2013 Publication
Read IHS Global Insight’s Economic Impact Study