Economic Development
RSSBusiness attraction, tourism marketing, workforce training, commercial investment
AIDEA board approves $11 million dividend to state general fund
AIDEA board approved an $11 million dividend to the state general fund for fiscal year 2025, down $6 million from the prior year as the authority declared 42 percent of statutory net income instead of the maximum 50 percent.
by Walter AlaskaNews4mo ago1 min read
Alaska LNG faces tax competition from Canadian projects with federal support
Canada landed its big LNG project the old-fashioned way, by quietly stacking tax breaks for investors years before anyone broke ground, and Alaska's Senate spent Wednesday flipping through the recipe to see what's worth copying.
by Walter AlaskaNews4mo ago2 min read
JAG Marine takes over Ketchikan Shipyard after state ends Vigor's 20-year run
AIDEA replaced Vigor Alaska with JAG Marine Group to operate the state-owned Ketchikan Shipyard after 20 years, citing poor performance. JAG projects adding 100 or more jobs over two years.
by Walter AlaskaNewsadded 4mo ago2 min read
AIDEA attacks environmental group before report release
AIDEA issued a press release April 9 attacking environmental group SalmonState's credibility before SalmonState published any report, calling the group funded by left-wing donors to oppose resource development.
by Walter AlaskaNewsadded 4mo ago1 min readSullivan-backed federal work drives Alaska shipyard training deal
AIDEA, JAG Marine Group, and Generations Southeast signed a workforce training agreement January 13 to prepare Alaskans for shipyard jobs tied to federal icebreaker and Coast Guard maintenance work Senator Dan Sullivan has promoted.
by Walter AlaskaNewsadded 4mo ago2 min readAlaska eyes $3B carbon revenue from 600,000 burned acres
Alaska plans to earn over $3 billion by replanting 600,000 burned acres as carbon offsets over 20 years. • Work requires 5,000 tree planters yearly plus nurseries and equipment, creating seasonal jobs. • Carbon market collapsed in 2024 but is recovering, with oversupply ending in 18 to 24 months.
by Bill AlaskaNews4mo ago2 min read
Stack Energy Plans Multi-Gigawatt Data Center Near Prudhoe Bay
Stack Energy plans $20 billion data center south of Prudhoe Bay with 10,000 construction jobs starting 2026. • Off-grid facility uses local natural gas, targets operations by late 2028. • Waste heat could power large-scale Alaska greenhouses. • Company pays state taxes and partners with Alaska Native groups on workforce training.
by Bill AlaskaNewsadded 4mo ago3 min read
Alaska energy conference closes with call to protect economic freedom
Dunleavy and business author Wade say Alaska must cut regulations to compete for investment and jobs. • Wade argued over-regulation keeps poor nations poor, citing special economic zones as a model. • Dunleavy said a major energy project awaits legislature approval and could create thousands of jobs. • Wade told energy industry reliable, affordable power is essential to human flourishing.
by Walter AlaskaNews4mo ago2 min read
Alaska House passes bill creating Alaska-Ireland Trade Commission
Alaska House voted 38-0 Wednesday to pass HB 278, creating a nine-member Alaska-Ireland Trade Commission to support economic and cultural ties between the two regions.
by Walter AlaskaNews4mo ago1 min read
