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Economy & Business

Economy & Business in Alaska is the mix of government decisions, contracts, grants and private projects that shape the state's economy. It covers municipal budgets, infrastructure and airport planning, federal grants and contracts, employment trends, and energy development across Alaska.

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Monday, Sep 28

Lincoln Street in downtown Sitka to close Oct. 5 to 15 for water line work

Part of Lincoln Street by St. Michael's Cathedral closes Oct. 5 to 15 for a new water line. Sitka's downtown gets a detour, and everyone gets a longer walk.

Walter AlaskaNewsby Walter AlaskaNews1mo ago1 min read
Cover image for article: Lincoln Street in downtown Sitka to close Oct. 5 to 15 for water line work

Regulators fix math errors in AVEC power subsidy, raising credits in most villages

State regulators found math errors in AVEC's rural power credits. The fix raises the credit in 44 of 46 village power systems and lowers it in two.

Walter AlaskaNewsby Walter AlaskaNews1mo ago3 min readFrom
Alaska
Cover image for article: Regulators fix math errors in AVEC power subsidy, raising credits in most villages

Sunday, Sep 27

Anchorage airport passenger traffic grows 9% as Fairbanks holds steady, state report says

Anchorage's airport saw about 9% more travelers in the first half of 2026, and more cargo too. Fairbanks held steady right where it was last year.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min read
Alaska
Cover image for article: Anchorage airport passenger traffic grows 9% as Fairbanks holds steady, state report says

FBI renews $1.37 million visitor-management software order with Anchorage-based company

The FBI is paying an Anchorage-based, tribally owned company $1.37 million to renew the software it uses to manage visitors at its facilities.

Melinda Communities.Newsby Melinda Communities.News1mo ago2 min read
Cover image for article: FBI renews $1.37 million visitor-management software order with Anchorage-based company

Coast Guard orders $315 million fuel pier and cutter berths at Base Kodiak

The Coast Guard has now ordered about $458 million in new work at Base Kodiak this year, led by a $315 million fuel pier and berths for its biggest cutters.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min readFrom
Cover image for article: Coast Guard orders $315 million fuel pier and cutter berths at Base Kodiak

Whittier Tunnel to close Saturday for USS Ted Stevens commissioning; guests must ride bus or train

The Navy is commissioning a destroyer in Whittier on Saturday, and the tunnel's closed to cars. Guests ride buses from Anchorage. The train's already full.

Walter AlaskaNewsby Walter AlaskaNews1mo ago3 min read
Cover image for article: Whittier Tunnel to close Saturday for USS Ted Stevens commissioning; guests must ride bus or train

Judge upholds permit for Contango's Johnson Tract road after company finished building it

A judge upheld the permit for Contango's road and bridges at the Johnson Tract in Lake Clark. By then, the company had already finished building them.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min readFrom
Johnson Tract, Cook Inlet, Alaska
Cover image for article: Judge upholds permit for Contango's Johnson Tract road after company finished building it

Kenai Peninsula two-bedroom rents post record 11% jump in state survey

Kenai Peninsula two-bedroom rent jumped 11% this spring to $1,336, a borough record. Most of Alaska saw closer to 2.6%, and only Mat-Su rose faster.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min readFrom
Cover image for article: Kenai Peninsula two-bedroom rents post record 11% jump in state survey

More from Economy & Business

Juneau two-bedroom rents rise 2.8%, but one-bedroom rents climb faster

Juneau's typical two-bedroom rent rose just 2.8% this spring, to $1,708. One-bedrooms were another story, up about 13% in the state's survey.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min readFrom
Cover image for article: Juneau two-bedroom rents rise 2.8%, but one-bedroom rents climb faster

Wasilla pot shop near Knik Charter School surrenders its state license

The Wasilla-area pot shop 530 feet from Knik Charter School lost in court and now has no state license. Its name has moved to a store on Spenard Road.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min read
Cover image for article: Wasilla pot shop near Knik Charter School surrenders its state license

Homer Electric design fee for new hookups doubles to $1,000 Tuesday

Want power at your new place on the Kenai? Homer Electric's design fee doubles to $1,000 Tuesday, and three-phase hookups lose $3,000 in help.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min read
Cover image for article: Homer Electric design fee for new hookups doubles to $1,000 Tuesday

HUD raises upfront fee on Section 184 home loans for Native borrowers starting Oct. 1

Native American and Alaska Native families using HUD's Section 184 home loans pay a 1.5% upfront fee starting Oct. 1, up from 1%. That's $1,500 on $300,000.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min read
Alaska
Cover image for article: HUD raises upfront fee on Section 184 home loans for Native borrowers starting Oct. 1

Saturday, Sep 26

Coast Guard awards $36.4 million to repair industrial facility at Base Ketchikan

The Coast Guard is spending $36.4 million to repair a building at Base Ketchikan, the borough's biggest federal contract this year by a wide margin.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min read
Cover image for article: Coast Guard awards $36.4 million to repair industrial facility at Base Ketchikan

House passes water bill naming Alaska harbor, flood and water projects; Senate still has to act

The House passed a water bill naming Kodiak's harbor, Juneau's glacial floods and Sitka water money. None of it counts until the Senate agrees.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min readFrom
Cover image for article: House passes water bill naming Alaska harbor, flood and water projects; Senate still has to act

Friday, Sep 25

State puts $4.2 million toward housing for teachers and other professionals in rural Alaska

Rural Alaska keeps losing teachers to a lack of decent housing. The state has $4.2 million to build more, for communities that signed up by August.

Maggie AlaskaNewsby Maggie AlaskaNews1mo ago3 min read
Cover image for article: State puts $4.2 million toward housing for teachers and other professionals in rural Alaska

Aniak's Bush-Tell has drawn more than $12 million in federal support to serve river villages

An Aniak phone company has drawn more than $12 million in federal support to keep calls and internet running in villages along the Kuskokwim and Yukon.

Melinda Communities.Newsby Melinda Communities.News1mo ago2 min read
Cover image for article: Aniak's Bush-Tell has drawn more than $12 million in federal support to serve river villages

About Economy & Business

Economy and business in Alaska is the mix of government decisions, contracts, grants and private projects that shape the state's economy. It is the broad subject that holds narrower topics such as business, energy, oil and gas, mining, aviation and tourism.

Much of it runs through public bodies, with municipal assemblies approving contracts and planning decisions, state agencies leasing land and selling gravel and rock, and AIDEA lending to industry. Recurring questions concern infrastructure such as harbors, airports, roads and water and sewer lines, along with housing and zoning rules, energy supply, labor contracts, federal grants and military construction.

Its decisions reach every part of the state, from Anchorage and the Mat-Su to Kodiak, Cordova, Haines and the North Slope. Federal and military spending, resource development and Alaska Native corporation ventures all feed into the economy.

More from Economy & Business

FAA scales back plan to expand controlled airspace over Alaska after pilot groups object

The FAA wanted nearly all of Alaska's sky above 1,200 feet under controlled-airspace rules. Pilots pushed back, and four remote regions get a 4,000-foot floor.

Maggie AlaskaNewsby Maggie AlaskaNews1mo ago2 min read
Cover image for article: FAA scales back plan to expand controlled airspace over Alaska after pilot groups object

Comments due Oct. 23 on Alaska's 2027 Cook Inlet and Alaska Peninsula oil and gas lease sales

Want the right to challenge the state's next Cook Inlet and Alaska Peninsula oil and gas lease sales? Comment by Oct. 23, or forever hold your appeal.

Maggie AlaskaNewsby Maggie AlaskaNews1mo ago2 min read
Cook Inlet and Alaska Peninsula, Alaska
Cover image for article: Comments due Oct. 23 on Alaska's 2027 Cook Inlet and Alaska Peninsula oil and gas lease sales

Pilots will drop pumpkins on a target near North Pole on Saturday

Pilots will drop pumpkins from 200 feet onto a target circle at Bradley Sky Ranch near North Pole on Saturday, Sept. 26, competing for prizes in a free public fly-in event.

Alaska Newsby Alaska News1mo ago2 min read
Cover image for article: Pilots will drop pumpkins on a target near North Pole on Saturday

Petersburg assembly deadlocks 3-3, rejecting one-year data center moratorium

Petersburg's assembly split 3-3 on pausing data center permits, so there's no pause. The utility says the power grid comes with its own off switch.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min read
Cover image for article: Petersburg assembly deadlocks 3-3, rejecting one-year data center moratorium

Anchorage commission backs code change so Centennial campground and Russian Jack greenhouse fit park zoning

Anchorage's own campground and greenhouse don't fit its new park zoning. A commission voted to change the code so the parks can be zoned as parks.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min read
Cover image for article: Anchorage commission backs code change so Centennial campground and Russian Jack greenhouse fit park zoning

Murkowski bill would modify and continue Snettisham's exemption from federal hydropower licensing

Sen. Lisa Murkowski introduced a bill Thursday to keep Juneau's Snettisham hydroelectric plant exempt from federal licensing rules, protecting the facility that supplies 70% of the city's power

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min read
Cover image for article: Murkowski bill would modify and continue Snettisham's exemption from federal hydropower licensing

Alaska household electricity prices rose 5.6 percent from a year earlier in July, federal data show

Alaska households paid 28.83 cents per kilowatt-hour in July, up 5.6 percent from a year ago and over 10 cents above the national average. The fridge noticed.

Melinda Communities.Newsby Melinda Communities.News1mo ago1 min read
Cover image for article: Alaska household electricity prices rose 5.6 percent from a year earlier in July, federal data show

Three Alaska tribal housing groups win $15.7 million in federal grants for 58 homes

Three Alaska tribal housing groups won $15.7 million in HUD's latest competitive round, enough for 58 homes in Haines, Galena and Anchorage.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min readFrom
Alaska
Cover image for article: Three Alaska tribal housing groups win $15.7 million in federal grants for 58 homes

Thursday, Sep 24

Fairbanks borough seeks $2.6 million for two landfill compactors after transmission failure

Fairbanks' landfill compactor blew its transmission after two rebuilds. The mayor says skip the third rebuild and wants $2.6 million for two new machines.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min read
Cover image for article: Fairbanks borough seeks $2.6 million for two landfill compactors after transmission failure

Kotzebue water system exceeds federal lead action level after two of 10 homes test high

Two of 10 Kotzebue homes tested above the federal lead action level. The city is testing more homes and says to run taps until cold before drinking.

Alaska Newsby Alaska News1mo ago2 min read
Cover image for article: Kotzebue water system exceeds federal lead action level after two of 10 homes test high

Park Service hires Everts Air Fuel to keep avgas at two remote Alaska park units through 2030

Two of Alaska's roadless park units run on small planes, and small planes run on avgas. The Park Service is paying Everts Air Fuel $54,506 to keep it coming.

Maggie AlaskaNewsby Maggie AlaskaNews1mo ago1 min read
Interior Alaska
Cover image for article: Park Service hires Everts Air Fuel to keep avgas at two remote Alaska park units through 2030

Houston commission recommends giving Holding District H landowners until March for fee-free zone changes

Houston landowners in the zoning holding district may get until the end of March to pick a new zone for free. The City Council still has to sign off.

Walter AlaskaNewsby Walter AlaskaNews1mo ago1 min read
Cover image for article: Houston commission recommends giving Holding District H landowners until March for fee-free zone changes

FAA awards $19.6 million to replace worn-out lighting and signs at Haines Airport

Haines Airport's runway lights, taxiway signs and beacon have all reached the end of their useful life, per the FAA, which is sending $19.6 million to fix that.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min readFrom
Cover image for article: FAA awards $19.6 million to replace worn-out lighting and signs at Haines Airport

Big Lake's trail groomers are asking the state for a snowmachine

The volunteers who groom 40 miles of Big Lake trail want a new snowmachine. Last time they asked the state for $35,000 and got about a third.

Maggie AlaskaNewsby Maggie AlaskaNews1mo ago1 min read
Cover image for article: Big Lake's trail groomers are asking the state for a snowmachine

State's draft road plan puts about $551 million into Kenai Peninsula projects; comments due Oct. 29

The state's draft road plan pours over half a billion dollars into Kenai Peninsula roads, mostly the Sterling Highway. Speak now: comments close Oct. 29.

Walter AlaskaNewsby Walter AlaskaNews1mo ago4 min readFrom
Cover image for article: State's draft road plan puts about $551 million into Kenai Peninsula projects; comments due Oct. 29

MEA lays out how rolling outages would work if Southcentral runs short of gas this winter

MEA's plan if the gas runs short: nine groups, 30 to 45 minutes dark apiece, turns every few hours. Step six of six, and the co-op hopes to never get there.

Walter AlaskaNewsby Walter AlaskaNews1mo ago3 min read
Matanuska-Susitna Borough, Alaska
Cover image for article: MEA lays out how rolling outages would work if Southcentral runs short of gas this winter

Global refinery disruptions widened fuel margins in 2026, and rural Alaska's barge fuel cost more

Galena's utility paid 29% more per gallon for this year's barge fuel, and St. Paul paid about $7.55. Summer's dip in oil prices came after the fuel was bought.

Cale Greenby Cale Green1mo ago4 min read
Cover image for article: Global refinery disruptions widened fuel margins in 2026, and rural Alaska's barge fuel cost more

Prince William Sound faces a winter without ferry service as the Aurora is overhauled

Prince William Sound faces a winter with little or no ferry service while the 1977-built Aurora is overhauled. New docks are the fix, and they're years away.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min read
Cover image for article: Prince William Sound faces a winter without ferry service as the Aurora is overhauled

Lawmakers press state on Safer Seward Highway project's size and funding as DOT reopens comment

Lawmakers pressed DOT on the Safer Seward Highway's size and funding. DOT pointed to open houses, new data online and 30 more days of public comment.

Walter AlaskaNewsby Walter AlaskaNews1mo ago3 min read
Seward, Alaska
Cover image for article: Lawmakers press state on Safer Seward Highway project's size and funding as DOT reopens comment

Park Service awards $4.5 million contract to upgrade Glacier Bay's water system for firefighting

Glacier Bay's Bartlett Cove is getting bigger water lines so firefighters have enough pressure to fight a building fire. The job is worth about $4.5 million.

Melinda Communities.Newsby Melinda Communities.News1mo ago1 min read
Glacier Bay National Park and Preserve, Alaska
Cover image for article: Park Service awards $4.5 million contract to upgrade Glacier Bay's water system for firefighting

Kinross cuts gold forecast over Chile and Nevada mines; its Alaska operation's output is also down this year

inross trimmed its gold forecast, blaming Chile and Nevada, and its shares fell 11.6%. Alaska wasn't mentioned; its mines are producing less at higher cost.

Walter AlaskaNewsby Walter AlaskaNews1mo ago3 min read
Cover image for article: Kinross cuts gold forecast over Chile and Nevada mines; its Alaska operation's output is also down this year

Kenai voters decide Nov. 3 whether to ratify a $75,000 home tax exemption

Kenai voters will decide Nov. 3 whether to exempt the first $75,000 of home value from city property taxes, saving qualifying homeowners up to $326 a year.

Walter AlaskaNewsby Walter AlaskaNews1mo ago1 min read
Cover image for article: Kenai voters decide Nov. 3 whether to ratify a $75,000 home tax exemption

Anchorage proposes trading the Tozier Track to the state housing agency for downtown parking lots, with housing required

Anchorage wants to trade the old dog track where the first Iditarod started for downtown parking lots. No bidding needed, and a neighbor objects.

Walter AlaskaNewsby Walter AlaskaNews1mo ago3 min read
Cover image for article: Anchorage proposes trading the Tozier Track to the state housing agency for downtown parking lots, with housing required

Anchorage will take public comment on Merrill Field's next 20 years Oct. 15

Merrill Field is planning its next 20 years, noise study included. The open house is Oct. 15, and it gathers input rather than setting priorities.

Walter AlaskaNewsby Walter AlaskaNews1mo ago2 min read
Cover image for article: Anchorage will take public comment on Merrill Field's next 20 years Oct. 15