Economy

All Alaska economy and business news, including the Alaska Economic Report.

Oil and gas tax credit debate rages ahead of legislative session end

The House spent six hours debating oil and gas tax credits Tuesday night. And they’re not done yet – lawmakers will pick up the bill again Wednesday. Download Audio
a cruise ship

Record high 1.5M cruise passengers expected in Ketchikan this summer

Altogether, Ketchikan is expecting 632 port calls throughout the season, with 1.1 million passengers arriving directly in the downtown area.
an electric bus in the snow

Juneau’s first electric bus is a bust, but the city will move forward with electrifying the fleet

Though other places in Alaska have experimented with electric transit, Juneau was the first city in the state to purchase an electric bus for its fleet.

LNG rail shipments to begin demonstrations

The Alaska Railroad will be the first to transport liquefied natural gas by rail in the United States. The Alaska Railroad Corporation was granted permission by the Federal Railroad Administration to move LNG last year and testing is slated to start next week. LISTEN NOW

Interior Department unveils geothermal energy initiative

An interior department initiative hopes to pave the way for geothermal energy development across the western United States.  The plan announced this week by...

Our reporter is trying to learn more about Hilcorp. Here’s how you can help.

Alaska's Energy Desk reporter Nat Herz is exploring Hilcorp's company culture as it's set to become one of the biggest players in Alaska's oil industry. He's written an open letter to Hilcorp employees asking for their help.

GCI service restored after Sunday outage affected 911 calls across Alaska

Police in Anchorage, Palmer and Soldotna said that the outage had prevented GCI and Verizon customers from directly calling 911.
Exterior: a man in a boat looks out at a net in the water.

Who does the salmon in Area M belong to?

In the wake of chum salmon crashes in Western Alaska, subsistence fishermen have been pleading with the state to restrict commercial salmon fishing near the Alaska Peninsula. Commercial and subsistence fishermen have been using fish genetics to bolster their claims to the fish.
a train

Skagway rail workers vote ‘overwhelmingly’ to authorize strike

Rail workers at White Pass and Yukon Route, Skagway’s biggest employer and a major tourist attraction, have voted to authorize a strike.
north slope

BLM director visits North Slope

The director of the Bureau of Land Management is visiting the North Slope this week. Over the next two days, director Neil Kornze will meet with Native corporations, local government officials, and community leaders in the region. On Tuesday, Kornze was helping cap two legacy wells south of Barrow. The Simpson Core and Iko Bay were both drilled by the U.S. Navy in the 1950s. They’re among 18 legacy wells the BLM plans to clean up this year.

Opening the Arctic Refuge brought Alaska’s largest Native corporation $22.5 million from BP and Chevron

Arctic Slope Regional Corp. collected $22.5 million from a pair of oil companies after Congress opened the Arctic National Wildlife Refuge’s coastal plain to drilling in 2017, according to corporate documents.
the Supreme Court

Supreme Court denies Alaska’s bid to revive proposed Pebble Mine

The justices turned away the state’s attempt to sue the Biden administration directly over its desire to revive the mine, blocked last year by the EPA.
colorful spices in a box

A refugee-led co-op in Anchorage provides work experience, with flavor

The FIG program’s Global Spice Blends has grown in popularity, providing job opportunities and community building for recently resettled refugees.
fiber optic cables

With massive federal funding, Western Alaska fiber optic projects prepare for rollout

Multiple Alaska companies have partnered with tribal entities to secure federal broadband funds under the Biden-Harris administration.
A woman in a white dress shirt gives a presentation

Workforce woes? Invest in Anchorage’s quality of life, experts say

Anchorage’s economy has lots of positive signs and job growth ahead, but not enough people for its anticipated job openings.
a ferry

After a false start, Alaska prepares to solicit bids for new mainline ferry

The Alaska Department of Transportation expects to issue a new request for proposals from American shipyards next month to replace the Tustumena.
the Willow project

ConocoPhillips says court case is likely do-or-die for Alaska’s Willow oil project

Willow would be the first large project constructed in the National Petroleum Reserve-Alaska.
Juneau

Juneau Assembly to consider registration program for short-term rentals

A registration program would be a first step toward regulating and taxing short-term rentals in Juneau, like those listed on AirBnB or VRBO.
a troller

Fish were plentiful, but fishermen scarce for Southeast Alaska’s first summer king opening

Southeast trollers brought in about 85,000 king salmon from July 1 to July 12, around 8,000 fish over the target for the first opener of the season.
the Izembek National Wildlife Refuge

King Cove pushes back against court’s decision that limits controversial road

Thursday's decision effectively lets the U.S. government withdraw from a land swap allowing construction of the controversial King Cove road.