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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Wednesday, May 27
Anchorage secures $25M for Port of Alaska in state capital budget
Anchorage won $25 million in state funding for Port of Alaska, with $15 million guaranteed and $10 million conditional on oil prices staying above $80 per barrel through mid-2026.
by Walter AlaskaNews5mo ago1 min read
DOT&PF seeks airport land amendments in Koyukuk, St. Marys, Central, Chalkyitsik
Alaska Department of Transportation posted airport land notices in May 2026 for Koyukuk, St. Marys, Central, and Chalkyitsik. Check the state online public notices system for comment deadlines and full terms.
by Maggie AlaskaNewsadded 5mo ago1 min readAlaska 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 AlaskaNews5mo ago2 min read
Alaska LNG could cost $70 billion; state's 25% stake faces dilution
Alaska’s LNG project may have just gotten a $24 billion “whoops.” The state has been planning around a $46 billion price tag, but lawmakers were told the real number may be closer to $70 billion — which is less of a budget update and more of a financial jump scare.
by Bill AlaskaNews5mo ago2 min read
Juneau mining industry warns sales tax cap removal could cost $5M yearly
Juneau is considering removing a $15,000 cap on sales tax per purchase. The Kensington Mine says eliminating it would cost the company $5 million yearly, nearly tripling its tax bill, and the city hasn't yet said how much revenue it would actually gain.
by Walter AlaskaNews5mo ago2 min read
Alaska Marijuana Control Board approves THC oral pouch product
Alaska Marijuana Control Board approved the state's first THC oral pouch product from Lolo Creations, LLC on a 4-1 vote, with the law enforcement member dissenting over child ingestion risks.
by Walter AlaskaNewsadded 5mo 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 5mo ago1 min readFrom Alaska warns residents about BG Wealth cryptocurrency scheme flagged by eight other jurisdictions
Don't send your money to scammers...They're out to get you, and they're getting better at it.
by Walter AlaskaNews5mo ago2 min read
More from Economy & Business
Energy consultant tells House Finance that property tax makes Alaska LNG unfinanceable
Energy consultant says property tax costs $600 million yearly, making Alaska LNG unfinanceable.
by Bill AlaskaNews5mo ago3 min read
State confirms narrow lanes, pilot-car delays on Seward Highway through summer
Alaska Department of Transportation is narrowing lanes and running pilot-car escorts on the Seward Highway between milepost 25.5 and 36 through summer to rehabilitate a 10.5-mile segment near Kenai Lake and Moose Pass.
by Walter AlaskaNews5mo ago1 min read
House panel approves $580 billion transportation bill with rail safety provisions
House committee approved $580 billion five-year transportation bill with new rail safety rules. • Rail provisions require two-person crews, wayside defect detectors, and faster phase-out of older tank cars. • Bill funds $50 billion for bridges and $65 billion for rail over five years. • New fees on electric vehicles and plug-in hybrids generate first Highway Trust Fund revenue since 1993.
by Walter AlaskaNewsadded 5mo ago2 min read
Tuesday, May 26
Pedestrian dies after being struck by two vans on Glenn Highway near Boniface
A pedestrian died Tuesday morning after being struck by two vans on the Glenn Highway near Boniface Parkway, according to an Anchorage Police Department statement.
by Walter AlaskaNews5mo ago1 min read
FAA proposes $165,000 fine against Alaska Airlines over intoxicated passengers
FAA fined Alaska Airlines $165,000 for letting intoxicated passengers board 11 flights. The airline has 30 days to pay, negotiate, or request a hearing.
by Walter AlaskaNews5mo ago1 min read
Wasilla asphalt bid leaves residents guessing which roads get fixed
Wasilla - hey, who wants to fix our roads? Residents - Which ones? Wasilla - 🤷
by Alaska Newsadded 5mo ago1 min read
Alaska DOT restricts truck weights on Central Region roads starting June 1
Alaska DOT limits truck weights on Central Region roads starting June 1 to protect roads during spring thaw. Most paved roads restricted to 75 percent of legal axle load, gravel roads to 50 percent. Six roads face strictest limits at 50 percent with no overloads allowed.
by Walter AlaskaNews5mo ago2 min read
Ketchikan closes Gorge and Sayles streets through fall 2026 for viaduct replacement
Ketchikan closes Gorge and Sayles streets through fall 2026 for viaduct replacement, forcing drivers to use alternate routes while crews work six days a week.
by Alaska Newsadded 5mo ago1 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
Glenn Highway bridge closure forces Birchwood detour through June 2
Glenn Highway northbound bridge closed April 18 for 45 days. All traffic uses southbound span with 11-foot lanes and 45 MPH limit through June 2. • Birchwood Loop on-ramp closed. Detour via Old Glenn Highway to next entrance. • 20 to 30 million dollar project covers bridge deck repair. Completion August 2026. • Lane configuration shifts daily by time to manage peak commuter flows.
by Alaska Newsadded 5mo ago1 min read
Monday, May 25
Assembly transfers nine riverfront parcels to state for erosion control
Alaska borough transfers nine riverfront parcels to the state to build erosion barriers before the Matanuska River threatens the highway.
by Walter AlaskaNewsadded 5mo ago1 min read
Kenai enacts subdivision, street design standards overhaul
Kenai City Council approved new subdivision and street design rules to speed up development review. • Minimum lot size set at 40,000 square feet for septic systems, matching borough standards. • Large subdivisions must extend water mains if public water is available within 1,500 feet. • New Street Design Manual can be updated by city staff without council approval, replacing rigid code rules.
by Walter AlaskaNews5mo ago2 min readFrom 
Kenai completes streetlight assessment, eyes $1.9M federal grant
Kenai's school bus stops lack safe lighting in winter darkness, assessment finds. City applies for 1.9 million dollar federal grant to upgrade lights and widen bike paths on two corridors. Most streetlights are aging LED units showing flicker and electrical problems. Grant decision expected next week, work would start later this year if approved.
by Walter AlaskaNews5mo ago2 min readFrom 
Sunday, May 24
Juneau Assembly Finance Committee cuts Travel Juneau budget in 5-4 vote
Finance Committee cuts Travel Juneau marketing budget by 400,000 dollars, dropping funding 31 percent to close city deficit. • Executive director warns cut will remove Juneau from visitor marketplace for two to three years. • Full Assembly votes on budget June 8, must decide by June 15.
by Walter AlaskaNews5mo ago1 min readFrom 
Commission approves subdivision, rezone for Native Village of Ouzinkie tsunami shelter
Kodiak Island Borough Planning and Zoning Commission unanimously approved a subdivision and rezone allowing the Native Village of Ouzinkie to take ownership of land holding a tsunami shelter.
by Walter AlaskaNewsadded 5mo ago1 min read
Mat-Su Borough Platting Board approves Bartlett Hills subdivision with road waiver
Matanuska-Susitna Borough approved a four-lot subdivision near Montana Creek and waived the requirement to build an improved road, allowing access only by existing pioneer road and trail.
by Walter AlaskaNews5mo ago1 min read
Chugach Electric wins easement for power line at Community Park Loop
Chugach Electric won an easement from the Alaska Mental Health Trust Authority to realign a power line at Community Park Loop in Anchorage.
by Alaska News5mo ago1 min read
Anchorage sees 28% drop in unsheltered homelessness as shelters reach capacity
Anchorage officials say there are fewer people sleeping unsheltered in Anchorage, but it was pretty cold all winter.
by Cale Green5mo ago3 min read
Data center project promises rate relief amid public concerns over noise, power
Cryptocurrency data center would generate $2 million yearly and stabilize electric rates using existing power. • Residents worry about noise, fire safety, and power availability for future housing growth. • Company says facility quieter than old cannery equipment and willing to cut operations during peak demand.
by Walter AlaskaNewsadded 5mo ago3 min read
Petersburg faces 53% wastewater rate hikes over 5 years for major projects
Petersburg wastewater rates to rise 53.5% over five years starting 2027 to fund three major projects worth 18.5 million dollars. • Average monthly bill jumps from 62.54 to 75.05 dollars in year one. • Assembly wants alternative rate schedules with flatter increases before voting.
by Walter AlaskaNewsadded 5mo ago3 min read
Assembly hears call for tower rules as residents warn of land-use impact
Assembly delayed vote on cell tower rules as residents warned towers will rise without zoning limits. Planning Commission proposes overlay directing towers to borough and Forest Service land away from homes. Two companies seeking Petersburg sites. Mayor aims to introduce ordinance at next meeting if attorney approves.
by Walter AlaskaNewsadded 5mo ago2 min read
Sullivan-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 5mo ago2 min readKenai proposes 4% water/sewer rate hike to fund aging infrastructure
Kenai proposes 4% water and sewer rate hike starting July 2026 to fund wastewater plant overhaul planned for 2029. • City losing 340,000 dollars annual revenue and facing higher chemical and staffing costs. • Rates remain among Alaska's lowest. Last increase was in fiscal year 2025. • Council will hold public hearing before final budget vote in May.
by Walter AlaskaNewsadded 5mo ago2 min read
Petersburg sewer rates to rise 20% as EPA bans mixing zone
Petersburg Assembly approved 20% sewer rate hike starting July 2026, adding $12 monthly to residential bills. • EPA banned mixing zones for wastewater, requiring $12-15 million in new treatment equipment. • Borough got $8 million federal funding but faces additional 10% annual increases through 2030. • Nine Alaska cities including Anchorage face similar EPA mandates.
by Walter AlaskaNewsadded 5mo ago1 min read
Assembly advances cell tower ordinance requiring conditional use permits
Assembly votes to require Planning Commission approval for new cell towers in Petersburg. Companies must first try mounting antennas on existing structures before building new towers. Public hearing set for June 1 with comment deadline May 25. Ordinance needs two more readings before final adoption.
by Walter AlaskaNewsadded 5mo ago1 min read
Planning Commission maps cell tower sites to guide wireless companies
Petersburg Planning Commission identified cell tower sites on public and private land to guide wireless companies away from homes. Overlay zone ordinance would let companies build towers by right at approved spots, up to 200 feet tall. Commission drafting legal descriptions and ordinance language for June meeting before assembly vote.
by Walter AlaskaNewsadded 5mo ago2 min read
Ketchikan Council approves pursuit of $23M federal grant for electric grid upgrades
Ketchikan Council votes to apply for $23M federal grant to upgrade electric grid and enable shore power for cruise ships. • Project replaces aging transmission lines, increasing capacity from 20 to 35 megawatts over four years. • Department of Energy covers $17M, city matches roughly $6M with possible state funding. • Application deadline is May 17.
by Walter AlaskaNewsadded 5mo ago1 min read
Kenai Planning Commission recommends rural residential rezone, rejecting city's denser proposal
Kenai Planning Commission rejected the city's plan to rezone 81 acres for denser housing and instead recommended rural residential zoning with larger lots, citing neighbor concerns about infrastructure despite a housing shortage.
by Walter AlaskaNewsadded 5mo ago1 min read
Kenai approves $30K more for gas storage lease consulting
Kenai City Council approved an extra $30,000 for consultants to evaluate two competing natural gas storage proposals at the municipal airport, bringing the total contract to $60,000.
by Walter AlaskaNewsadded 5mo ago2 min read
Planning commission approves variance for multifamily housing on corner lot
Kenai Planning Commission unanimously approved a variance allowing two multifamily buildings 10 feet from Cacnew Way instead of the standard 20 feet on a corner lot, citing safety improvements and housing demand.
by Walter AlaskaNewsadded 5mo ago2 min read
Kenai airport main runway closed May 14 through September; pilots use temporary runway
Kenai airport main runway closed May 14 for three month rebuild • Pilots use temporary runway with initial restrictions • FAA clearance documents needed before normal operations resume • Work finishes by end of September if weather allows
by Walter AlaskaNewsadded 5mo ago1 min read
Alutiiq Air ends Kenai service; airport eyes Fox Air contract
Alutiiq Air stopped flying to Kenai, leaving Grant Aviation as sole carrier. City pursuing Fox Air contract pending investigation of citizen complaint. Main runway closed three weeks for repairs, operations on temporary runway pending FAA approvals. Terminal cafe closing May 23, seeking new operator by July 1.
by Walter AlaskaNewsadded 5mo ago2 min read
Ketchikan seeks bids for City Hall heating, civic center floors, fuel supply
Ketchikan is seeking bids for a new City Hall heating system, Ted Ferry Civic Center flooring replacement, and fuel supply for city vehicles, with two bid deadlines already passed and fuel bids still open.
by Alaska Newsadded 5mo ago1 min read
