Quite a number of advanced-exploration and development projects are underway—some at existing sites and some at newly discovered areas—that may bring even more mines to fruition in the near future.
The North Slope and the Interior are carrying the brunt of Alaska’s construction projects. Overall, however, the state’s construction landscape continues to inch toward brighter pastures.
As the world increasingly turns its eyes northward to the potential of the Arctic, Alaska finds itself uniquely positioned to play a leading role to serve as a gateway and forward base of operations for commercial development in the region.
The Alaska Industrial Development and Export Authority (AIDEA) Board appointed Tomas Boutin as AIDEA Executive Director.
“If nonprofits were treated as their own industry, they would be the second largest source of non-government employment behind oil and gas in Alaska,” according to a January 2018 report.
Who knew that Instagram could have an effect on whether cities—including Anchorage—are found to be attractive to foreign investors? Or that Facebook check-ins could determine whether a business giant decides to open its newest headquarters in our neck of the woods, creating hundreds of jobs? Chris Fair, president of Resonance Consultancy offered up those insights and many more surprising thoughts at the Anchorage Economic Development Corporation’s (AEDC) 2019 Economic Forecast Luncheon on January 30.
A study in 2012 found SHI’s biennial Celebration has a $2 million economic impact on the city each year it is held, but this is the first time research has quantified the institute’s total economic impact on Juneau and beyond.
December employment was down an estimated 0.3 percent, or 900 jobs, from December 2017. Retail, manufacturing and professional and business services each lost 400 jobs while information and financial activities each fell by 200.
The Anchorage Economic Development Corporation kicked off 2019 by announcing Lynn Rust Henderson, Vice President of Sales and Service for Premera Blue Cross Blue Shield of Alaska, as AEDC’s board Chair.
Cautious optimism surrounds forecasts for Alaska’s economy in 2019 as many predict the state’s recession will finally bottom out—making Alaska one of the last energy-dependent states to begin recovery since oil prices tumbled about three years ago.