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, Oct 27
Fewer boats came through Kodiak's city shipyard this year, and its operator lost money
Kodiak's shipyard operator says fishermen are putting off maintenance. It serviced 40 boats this year, down from 54, and lost $29,000 running the yard.

Nova Minerals says state approved its antimony mine and Port MacKenzie refinery plans
Nova Minerals says the state gave final approval to its antimony mine and Port MacKenzie refinery. The state hasn't posted the signed decision yet.

Palmer airport advisers want to turn a tie-down apron into T-hangars
Palmer's airport advisers picked Apron D, where three planes are parked, as the first place to try T-hangars. None of the airport's T-hangars are for rent.

Alaska Airlines plans nonstop flights between Anchorage and Tokyo starting in May
Alaska Airlines will fly nonstop from Anchorage to Tokyo starting May 13, pending approval. Intro fares start at $999 round trip, if you buy by Saturday.

Juneau task force's whale-watch recommendation no longer commits to a license or cap
Juneau's tourism task force still calls the whale-watch status quo unsustainable. Its new draft no longer commits to a license or cap, just to weighing them.

Kodiak developer seeks conservation zoning for three more Cliff Point tracts
Oceanfront Kodiak wants three more Cliff Point tracts zoned for conservation, saying current zoning keeps it from selling. The Assembly decides Nov. 5.

Fairbanks airport's control tower is closing overnight because of FAA staffing
Citing staffing constraints, the FAA has closed the Fairbanks airport tower from 10 pm to 6 am nightly since Oct. 18. Pilots announce their own moves.

Alaskans won 81 pieces of state land, from $255,000 in Big Lake to a $7,500 cabin site
Alaskans won 81 pieces of state land. Top bid: $255,000 for 40 acres in Big Lake. Cheapest: $7,500 for a river cabin site reached by boat or snowmachine.

More from Economy & Business
Northwest Arctic Borough seeks batteries for 3 villages, but award waits on DOE extension
The Northwest Arctic Borough wants bids on batteries for three Kobuk River villages. Two would arrive after the federal grant paying for them is set to end.

Juneau Assembly will hear neighbors' appeal of a Mendenhall Valley hobby farm permit
Neighbors appealed a permit letting a Mendenhall Valley family keep up to 100 chickens and ducks. The Juneau Assembly will hear the case itself.

Monday, Oct 26
Regulators won't decide Hilcorp's gas storage rates for Southcentral until late 2027
Hilcorp's own study found its gas storage rates bringing in 25% more than costs plus allowed profit. Regulators cut them for now and will decide by late 2027.

Alaska is in line for the third-largest share of federal grid money among states
Alaska is in line for $32.8 million more in federal grid money, third most of any state. Earlier rounds went to snow-sagged lines and sinking permafrost.

Postal Service seeks a contractor to deliver mail to 741 Wasilla boxes through 2030
USPS is seeking a contractor to deliver mail to 741 Wasilla mailboxes from Dec. 14 through Sept. 30, 2030. Bids are due Nov. 9, with the route growing from 650 boxes and one vehicle since 2021.

Nome mayor calls Kawerak's seabed mining draft inflammatory; city staff will write another
Nome's mayor called Kawerak's seabed mining moratorium draft inflammatory. The council didn't vote on it, and city staff will write a narrower resolution.

Business adviser says a small Wasilla project faces $100,000 in permit requirements
A Wasilla business adviser told the council a small construction job is being treated like a big commercial project, at a cost of about $100,000 and a year.

Company asks Anchorage to rezone six lots off Abbott Road for business
Arlon LLC wants six lots near Abbott Road rezoned for business, on a block Anchorage has been turning commercial just one or two lots at a time.

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
Housing agency has no set plans for proposed state land transfers, CEO tells senators
AHFC has no firm plans yet for over 400 acres of free state land DNR proposes giving it for housing. Legislature's lawyers say such giveaways are likely unconstitutional.

Conservation district applies for 885 Point MacKenzie acres DNR plans to give AIDEA
A Wasilla conservation district wants the 885 Point MacKenzie acres DNR proposes to give AIDEA free, to keep hayfields farmed and build a farm hub instead.

DNR commissioner says governor's office worked 'very closely' on land transfers to AIDEA
DNR's commissioner says the governor's office worked "very closely" on land transfers, including 20,000 free acres for AIDEA, after sending redacted records.

Sitka's residential electric rate drops more than a third for the winter
Sitka's residential power rate drops from 21.93 to 13.71 cents a kilowatt-hour for winter, when Sitkans lean on electric heat. Summer rates return in May.

Juneau seeks comment on plan to keep ride providers eligible for state grants
Juneau's draft transit plan would keep local ride providers eligible for state grants through 2031. Comments are due Nov. 9, with Assembly testimony set for Nov. 16.

Kodiak council votes Thursday on backing a 10-mile path along Rezanof Drive
Kodiak's council votes Thursday on backing a 10-mile paved path along Rezanof Drive, the day the state stops taking comments on the plan that lists it.

Anchorage administration tallies $31 million for shelter, outreach and crisis care
Anchorage's mayor tallies $31.26 million for shelter, outreach and crisis care next year. The Assembly chair says not all of that is homelessness spending.

Graphite One says it won a defense award to test Graphite Creek carbon in high heat
Graphite One says it won a Defense Logistics Agency award to test carbon from its Graphite Creek deposit for high-heat defense uses. It didn't give a value.

Dillingham council moves to sell three tax-foreclosed lots and keep a fourth
Dillingham's council introduced ordinances to sell three tax-foreclosed lots, one with a $172,300 minimum bid, and keep a fourth for road and utility work.

Haines Assembly may adopt development rules the planning commission asked to see again
Haines' Assembly may adopt planned-development rules Tuesday. The Planning Commission asked in March to see the final draft; its records show no such review.

Fairbanks adopts flood maps that take about 2,900 buildings out of the high-risk zone
Fairbanks adopted new flood maps that take about 2,900 buildings out of the high-risk zone and put about 540 in. Salcha comes out ahead; Moose Creek doesn't.

Sunday, Oct 25
Tree cutting along Kenai Peninsula salmon streams falls to fewest since 2018
Tree cutting along Kenai Peninsula salmon streams is down to 391 so far this year from 2,772 in 2022, and restoration credit requests hit 32, the borough says.

A new Deering school is estimated at $64 million, and the building isn't funded yet
Northwest Arctic's school district puts a new Deering school at $64 million, with $6 million to start. The building, utilities and teacher housing are unfunded.

Nova Minerals plans antimony refinery beside federally funded Port MacKenzie rail line
Nova Minerals will build a rail siding linking its antimony refinery to the federally funded Port MacKenzie rail extension.

Truck crash on icy Glenn Highway near mile 171 brings flaggers but no full closure
A truck crashed on the icy Glenn Highway near Tolsona Lake on Saturday morning. The road never fully closed, and 511 said Sunday it may have been cleared.

Longtime Kotzebue resident Tom Atkinson takes over AVEC as its costs climb
AVEC has a new CEO. Longtime Kotzebue resident Tom Atkinson takes over from Bill Stamm, who started as a summer laborer, as the co-op's costs keep climbing.

Arctic mine developer wraps summer drilling, says its focus is shifting toward building
Ambler Metals drilled 42 holes at the proposed Arctic copper mine and says its focus is shifting to preparing to build. It wants a federal decision in 2028.

FAA certifies the 737 MAX 10, the jet behind Alaska Airlines' biggest order
The FAA certified Boeing's 737 MAX 10, most of Alaska Airlines' 168-plane MAX order. The first is expected in 2027, and some will get lie-flat seats.

Anchorage planners put off a permanent permit for Linda's Place shelter until December
Anchorage planners put off a permanent permit for the Linda's Place shelter until Dec. 14. It operates under an emergency order with no set end date.

ENSTAR asks regulators to fast-track a deal to borrow MEA's gas for this winter
ENSTAR wants to borrow 1.2 billion cubic feet of MEA's gas for this winter and return it by 2028. Customers would pay the costs, minus a credit on return.

Juneau planners weigh smaller Áak'w Landing uplands after costs pass $250 million
Huna Totem wants to shrink the shops and bus lot beside its Juneau cruise dock after costs topped $250 million. Planners take it up Tuesday.

Alaska household power prices hit their highest point since at least 2010
Alaska households paid 29.41 cents per kilowatt-hour for power in August, the most since at least 2010. Only four states paid more, led by Hawaii at 47 cents.

State labor department holds Fairbanks job fair Thursday at Morris Thompson Center
Alaska Labor Department holds a job fair Thursday, Oct. 29, at Fairbanks' Morris Thompson Center, not its usual spot.

Saturday, Oct 24
Company says Skagway's old Starlite Room isn't historic and asks to move it
A Skagway business says the old Starlite Room, built around 2000, isn't historic and wants it out of the historic district. The commission weighs in Monday.
