Economy & Business
RSSEconomy & 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.
