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Economic Development

Economic development in Alaska is the set of efforts to grow jobs, investment and industry across the state. It takes in workforce training, business attraction, tourism marketing, land deals, and financing through agencies like the Alaska Industrial Development and Export Authority (AIDEA).

Cover image for article: Calista pays to extend local Typhoon Halong recovery jobs after state funding runs out

AI image

Calista pays to extend local Typhoon Halong recovery jobs after state funding runs out

by Maggie AlaskaNews(10h ago)
2 min readKipnuk and Kwigillingok, Alaska

Calista Corporation's board committed company money to keep local hire going on Typhoon Halong recovery after state funding ran out this fall, Calista President and CEO Andrew Guy wrote in a message published Thursday.

The money let local hire in storm-damaged communities continue longer than it otherwise would have, Guy wrote. Calista Brice subsidiaries employed nearly 100 community members, including 81 Calista shareholders and descendants. They removed debris, repaired boardwalks and did electrical, plumbing and mechanical work.

Together those local hires worked nearly 62,000 hours and earned more than $4.3 million in wages.

The figures come from Calista's own account in Storyknife, its shareholder newsletter. Guy did not say how much the board committed or how long the extended work will run.

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About Economic Development

Economic development in Alaska takes in the efforts to grow jobs, investment and industry across the state. It includes workforce training, business attraction, export help for small businesses, land deals and financing through agencies such as the Alaska Industrial Development and Export Authority (AIDEA).

AIDEA finances projects, pays dividends to the state general fund and receives state land for industrial development, and the Alaska Housing Finance Corporation sets the rules for affordable housing awards. Recurring questions concern state land transfers for development, critical minerals research led by the University of Alaska Fairbanks, cruise port and waterfront projects in Juneau, and training programs that let rural workers stay in their home communities.

Alaska Native corporations such as Goldbelt, Huna Totem and Chugach, and tribal organizations such as Cook Inlet Tribal Council, build and run many of these projects. Federal grants fund much of the training and research, and diversification away from oil and gas runs through these efforts.

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