Boat and Ship Building Sector in Alaska Poised for Growth
Alaska has more coastline than the lower-48 states combined.
IMAGE COURTESY OF STORYBLOCKS
The State of Alaska Division of Economic Development, in partnership with the University of Alaska Center for Economic Development, released the first in a series of reports examining several emerging economic sectors in Alaska.
New emerging sector report is first in five-part series
JUNEAU – The State of Alaska Division of Economic Development, in partnership with the University of Alaska Center for Economic Development, released the first in a series of reports examining several emerging economic sectors in Alaska. The report focuses on Alaska’s promising boat and ship building sector.
“Alaska is home to a longstanding boat and ship building sector, which comes as no surprise since our state has more coastline than the lower-48 states combined,” said Britteny Cioni-Haywood, director of the Division of Economic Development. “From the large Ketchikan Shipyard to smaller specialty businesses that provide custom boats for recreation and fishing, we hope that this report and its recommendations help highlight and support one of Alaska’s high-potential industries.”
The report, available on the Division of Economic Development website, explores the market and economic trends associated with the specialized boat and ship building industry, highlighting entrepreneurs and business, and identifies potential strategies to enable or assist growth in the sector.
“Throughout our research, we were inspired by the innovation demonstrated by these firms as they create unique watercraft built for Alaska conditions. This sector is primed for continued entrepreneurship and innovation,” said Nolan Klouda, executive director of the University of Alaska Center for Economic Development. “Among our findings, we recommend that a coordinated statewide effort is needed around workforce development to support this sector, as well as shared marketing to promote an Alaska-built brand.”
The five-part Emerging Sectors Series is being conducted by the University of Alaska Center for Economic Development with sponsorship from the Division of Economic Development. The reports will be released periodically throughout 2018 and 2019. Subscribe to the economic report mailing list to receive the emerging sectors series and other related reports delivered to your email inbox.
In This Issue
Distinguishing Differences in Financial Institutions
There are thousands of financial institutions in Alaska, providing everything from checking and savings accounts to loans and investment solutions. Banks and credit unions are among the most prominent financial services companies serving Alaskans.