Are Alaska Nonprofits Ready for the Next Recession?
For the last three years, while the rest of the country was in recession, Alaska maintained some sense of normalcy. When I moved here in the early 1990s, the state had just begun to recover from the recession of the late 80's. What I heard then and since is that in Alaska, we do OK when the Lower 48 is in recession, but when they recover, it's our turn. I am not sure if that is a fact or a myth, but many of our leading citizens believe it is so. Who am I to question? When the market crashed in 2008, we published a series of articles on how to survive a bad economy. To date we have not been as challenged as nonprofits down south, but the last few years have not been easy, even for us. Alaska’s nonprofits had to adjust to decreased support from foundations and corporations – those donations most affected by a recession. Read more.