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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Tuesday, Jun 2
Alaskans' debt falls to lowest level in a decade
Alaska adults carried an average of $68,900 in household debt in 2024, down roughly $1,900 from 2023 and the lowest level in a decade, though Alaskans still owe about $7,300 more per person than the national average.
by Alaska News5mo ago2 min read
ConocoPhillips is widening the last gravel road before Willow's modules hit ice
The Willow project takes another step forward
by Bill AlaskaNews5mo ago2 min read
Monday, Jun 1
Mat-Su Planning Commission advances multifamily design standards rewrite
Mat-Su Planning Commission approved a resolution Monday to rewrite multifamily design standards, with a public hearing set for June 15 before the proposal goes to the borough assembly.
by Walter AlaskaNews5mo ago1 min read
ENSTAR says it locked in a price for Alaska LNG
ENSTAR locked in $16 per thousand cubic feet for North Slope pipeline gas, undercutting LNG imports at $20 to $23 but raising costs 48% above current Cook Inlet supply before adding $4.50 to $6 in distribution and storage charges.
by Bill AlaskaNews5mo ago2 min read
Senate Finance hears $18 billion revenue trade-off for Alaska LNG tax break
Senate Finance heard the proposed Alaska LNG tax break would cut state and municipal revenues by $18 billion over 30 years, but the estimate rests on construction costs that may range from $45 billion to $90 billion.
by Bill AlaskaNews5mo ago2 min read
Kodiak Lands Committee directs staff to study housing development at youth baseball field
Kodiak Island Borough Lands Committee directed staff to study converting the 16-acre Killarney Hills youth baseball field into at least 30 residential lots to address housing shortages.
by Walter AlaskaNews5mo ago2 min read
Labor department hosts Fairbanks skills event Wednesday
Alaska Department of Labor and Workforce Development hosts a skills and employment event Wednesday, June 3, in Fairbanks through its Job Center Network.
by Walter AlaskaNews5mo ago1 min read
Alaska minimum wage rises to $14 in July, $15 in 2027
Alaska minimum wage rises to $14 per hour on July 1, then to $15 in 2027, with annual inflation adjustments after that under a voter-approved schedule.
by Walter AlaskaNews5mo ago1 min read
More from Economy & Business
A year-round storefront for Alaska's seasonal makers
Voyij is launching a year-round e-commerce platform for Made in Alaska program permit holders on June 1. Listings are free; Voyij takes a per-sale commission whose rate has not been publicly disclosed.
by Walter AlaskaNews5mo ago1 min read
Deadhorse Airport project halted by weather, nears drainage milestone
Deadhorse Airport's drainage and runway project pauses May 29 to June 4 for weather, with crews nearing completion of insulation board work before fill continues on the North Slope airfield serving Prudhoe Bay oil operations.
by Walter AlaskaNews5mo ago1 min read
Alaska Energy Authority lifts ban on consecutive chair terms
Alaska Energy Authority board voted January 31 to allow its chair and vice chair to serve consecutive terms, removing a two-year rotation rule to maintain leadership continuity during a $206.5 million Cook Inlet submarine cable project.
by Walter AlaskaNewsadded 5mo ago2 min read
Alaska tightens stormwater rules for industrial sites, with no more easy "too expensive" exits
Alaska's new stormwater permit for 350 industrial sites starting Monday requires DEC approval before operators can claim pollution fixes are too expensive, and cuts their inspection timeline from flexible to 28 days.
by Bill AlaskaNews5mo ago1 min read
Sunday, May 31
Federal appeals court clears Alaska to release NPR-A drilling data
A federal appeals court ruled Alaska can release ConocoPhillips exploration well data from the National Petroleum Reserve-Alaska after the state's confidentiality period expires, rejecting the company's claim that federal law blocked disclosure.
by Bill AlaskaNewsadded 5mo ago2 min read
Kodiak Lands Committee directs staff to study housing development on youth baseball field
Kodiak Island Borough Lands Committee directed staff to study converting the 16-acre Killarney Hills youth baseball field into at least 30 residential lots to address housing needs.
by Walter AlaskaNewsadded 5mo ago2 min read
Trump order on off-road vehicle rules could reshape Alaska federal-land access fights
Trump rescinded executive orders requiring federal agencies to minimize off-road vehicle damage to wildlife and soils, potentially reshaping access rules on Alaska's 60 percent federally owned lands.
by Walter AlaskaNews5mo ago2 min read
AIDEA releases $50M credit line for Cook Inlet gas drilling
AIDEA released the first draw from a $50 million credit line to HEX Cook Inlet LLC in May to drill two offshore gas wells, part of a broader state push including a royalty rate cut to 3% and pending legislation to support Cook Inlet production.
by Bill AlaskaNewsadded 5mo ago2 min read
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
DNR advances Graphite One drilling permit near Nome
Graphite One, one step closer
by Bill AlaskaNews5mo ago1 min read
Saturday, May 30
Palmer Courthouse finally gets funding for long-needed expansion
Palmer courthouse is getting a $4.95 million expansion with three new courtrooms after five years of the heaviest caseloads in Alaska, with construction to start by August 2026.
by Alaska News5mo ago2 min read
Alaska Marijuana Control Board denies Anchorage cultivation license renewal over $633,000 tax debt
Alaska Marijuana Control Board revoked Anchorage cultivator Alaskasense's license Wednesday over $633,000 in unpaid excise taxes.
by Grant Robinsonadded 5mo ago1 min read
DOT&PF lifts weight limits on Dalton, Elliott highways; dozens of Interior roads still restricted
Elliott and Dalton highways lifted all seasonal weight limits Friday. • Parks, Richardson, Glenn, and Alaska highways returned to summer permitting. • Dozen Interior roads remain restricted to 50 to 100 percent of legal axle load.
by Alaska News5mo ago2 min read
AIDEA approves $190 million for ANWR seismic surveys and lease evaluation
AIDEA approved up to $190 million on May 13 for seismic surveys and lease evaluation in the Arctic National Wildlife Refuge Coastal Plain ahead of a federal lease sale scheduled for June 2026.
by Walter AlaskaNews5mo ago2 min readFrom 
Alyeschem breaks ground on North Slope methanol plant
Alyeschem broke ground May 15 on Alaska's first Arctic petrochemical plant at Prudhoe Bay, converting natural gas into methanol with AIDEA's $70 million financing and operations expected by late 2027.
by Walter AlaskaNews5mo ago2 min readFrom 
State offers FAA two decades of free land at Allakaket Airport
Alaska DOT is offering the FAA 20 years of free land at Allakaket Airport for navigation equipment, locking out state revenue and limiting the village's ability to expand or reconfigure the runway through 2046.
by Maggie AlaskaNewsadded 5mo ago1 min read
DOT&PF cuts Chiniak Highway to 50 percent axle load during fishing season
Alaska DOT&PF cut Chiniak Highway to 50 percent axle load from milepost 20.1 to 33.39 effective May 27 to protect pavement during spring thaw and fishing season truck traffic on Kodiak Island.
by Walter AlaskaNewsadded 5mo ago1 min readFriday, May 29
North Slope, Kenai mayors negotiate gas line property tax as House Finance delays bill deadline
North Slope Borough Mayor Patkotak and Kenai Peninsula Borough Mayor Micciche negotiated property tax terms for the Alaska LNG project as the House Finance Committee delayed its amendment deadline to allow talks to continue.
by Walter AlaskaNews5mo ago4 min read
DOT seeks rural input on statewide transportation planning process
Alaska DOT is updating how rural communities shape statewide transportation planning and seeking input through June 7, but has received only eight rural responses to its survey so far.
by Walter AlaskaNews5mo ago2 min read
Wasilla advances 63-unit affordable housing project as Mat-Su growth continues
Wasilla set a June 9 public hearing for a 63-unit affordable housing project in North Star Estates as the Mat-Su Borough continues rapid growth and housing costs strain residents.
by Walter AlaskaNews5mo ago1 min read
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 AlaskaNews5mo ago1 min readFrom 
Thursday, May 28
Alaska House examines $4 billion LNG equity option, Fairbanks spur-line tax break
Alaska House Finance Committee examined a plan letting the state buy 5 to 25 percent equity stakes in Alaska LNG for up to $4 billion total, while conditioning a tax break for the pipeline on building a 30-mile spur line to Fairbanks.
by Bill AlaskaNews5mo ago2 min read
Alaska House passes bill requiring human operators in commercial autonomous vehicles
Alaska House passed HB 217 requiring a human operator in certain commercial autonomous vehicles, sending the bill to Senate State Affairs Committee despite opposition from industry groups and the state transportation department.
by Walter AlaskaNewsadded 5mo ago2 min readAlaska residents applying for a green card will, in most cases, now have to leave the country to complete the process.
Most Alaska green card applicants must now complete the process at a U.S. consulate abroad instead of in-country, a federal policy shift announced May 22 that will require travel, longer separations, and higher costs for families and employers.
by Walter AlaskaNews5mo ago2 min read
ANWR lease sale will test whether Alaska oil appetite reaches the Arctic Refuge
After eight years, two underwhelming sales, and one federal lawsuit, ANWR gets another go on June 5 — and the oil industry finally has to bid or stop being coy.
by Cale Green5mo ago4 min read
Anchorage airport noise study to present mitigation alternatives by summer
Ted Stevens Anchorage International Airport is studying aircraft noise impacts and will present mitigation options at public meetings by mid-summer 2026.
by Alaska Newsadded 5mo ago1 min readJAG 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 5mo ago2 min read
Cold-injury hospitalizations rose among Alaska's unhoused over the past decade, state finds
Nearly one in four Alaskans hospitalized for cold injuries between 2012 and 2021 were unhoused, a rate that climbed steadily over the decade while housed residents stayed flat.
by Walter AlaskaNews5mo ago2 min readFrom 
Four new gold mining operations proposed near Central and Chicken
Four mining companies applied for permits to operate placer mines on Crooked Creek and Ptarmigan Creek near Central and Chicken, continuing gold extraction in a region that has supported Interior Alaska communities since the early 1900s.
by Bill AlaskaNews5mo ago1 min read
Huna Totem signs Juneau tideland lease for Oak Landing cruise dock
Huna Totem Corporation signed a tideland lease with Juneau in April for Oak Landing, a fifth downtown cruise dock expected to open in 2028 and reduce the 95 ships currently forced to anchor each summer.
by Walter AlaskaNewsadded 5mo ago2 min readDNR opens public comment on Greens Creek Mine reclamation plan renewal
Alaska's Department of Natural Resources opened public comment on Greens Creek Mine's plan to close and restore the underground mine on Admiralty Island near Juneau, governing how tailings and waste rock will be managed after mining ends.
by Bill AlaskaNewsadded 5mo ago1 min readWednesday, May 27
Kenai commission imposes quiet hours on short-term rental, reviving debate over neighborhood rules
Kenai Planning & Zoning Commission approved an Airbnb in Inlet Woods with mandatory 10 p.m. to 6 a.m. quiet hours, reigniting debate over whether short-term rentals should face stricter rules than long-term rentals in the same neighborhood.
by Walter AlaskaNews5mo ago1 min read
AGDC tells House Finance that Alaska property tax is 10 times higher than competing LNG projects
More conversations about the Governor's plan to make the AK LNG project more profitable to investors.
by Bill AlaskaNews5mo ago3 min read
