Economy

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

A group of people hold up a giant check while standing behind large batteries

A new e-waste program is recycling tons of batteries from rural Alaska

The Backhaul Alaska program collected and recycled over 145,000 pounds of lead acid batteries and other e-waste from hard-to-reach communities last year.

Agency overseeing BP-Hilcorp deal will hold public hearing, denying companies’ request

The Regulatory Commission of Alaska, which is overseeing Hilcorp's purchase of BP's stake in the trans-Alaska pipeline, plans to hold a six-hour public hearing on the deal next month.
proposed Sitka airport expansion

Sitka’s airport expansion set for takeoff this fall

Sitka’s airport terminal is overdue for an expansion, and the city anticipates that federal funding will help get the project off the ground this fall.

BOEM staffers say rush for Arctic study undermined their work

When Shell announced it was giving up on its leases in the Arctic Ocean, it blamed, in part, the challenging regulatory climate. But an inspector general’s report released today says many of the government regulators who worked the Arctic lease case felt they were too rushed to provide a rigorous review. Download Audio
thousands of fish released from a net on a boat

With little movement on salmon bycatch, Alaska advocates look to Biden administration for executive action

The move comes amid catastrophic shortfalls in salmon harvests in some of Alaska’s rural, Indigenous communities.
A square tan and grey building

As the pandemic drags on, unemployed Alaskans are still waiting for more help

A $300 dollar per week boost in unemployment payments still hasn't arrived, and economists say that without more cash from the federal government, the entire economy is at risk.
a fishing boat

A salmon glut has sent prices plunging, and economists don’t know when they’ll recover

Processors recently announced a base price of just 50 cents per pound – the lowest price in decades, when adjusted for inflation.

State finalizes purchase of Fairbanks Natural Gas

Interior Alaska residents are expected to see a drop in their energy bills this winter now that the state has purchased Fairbanks Natural Gas.

As oceans heats up off Northwest Alaska, the fishing does too

The cod population in the Gulf of Alaska is at its lowest level on record. Officials have declared disasters after the failure of multiple Alaska salmon fisheries. But in northern parts of the state, fishermen have been landing huge catches, in numbers that haven’t been seen in decades.
Heidi Drygas

Former lieutenant governor candidate Heidi Drygas is new head of Alaska’s largest public union

Heidi Drygas will replace Jake Metcalfe as executive director of the Alaska State Employees Association.
A small airport next to a river as seen from above

Aniak residents shocked by quadrupled power bills

Aniak Light & Power's unannounced rate hike has left residents and businesses trying to figure out how they'll keep the lights on.
a person talks to a group outside

HUD announces $7.5M for Kenaitze and Salamatof housing project

The money will fund an 18-unit elder housing project in Kenai.
a person holds a ripe barley stock

State offers help with high feed prices, but some farmers are pushing for an Alaska grain reserve

Higher prices for feed, fuel and fertilizer have driven some producers to cut back on their livestock.

AK: With sustainable logging in mind, Galena looks to forests for fuel

Large-scale logging on the Yukon River started about a hundred years ago. These days, villages like Galena are once again looking to the forest for an energy supply. But this time, a new generation of loggers is thinking more about sustainability. Listen now:
a man looks out a window at an airplane on a runway

Ravn Alaska slashes workforce, raising questions about regional airline’s future

At this point, a Ravn Alaska spokesperson says none of its nine Alaska destinations will be eliminated, but they can expect fewer flights.
fishing vessels

A 50-year situation: The market dynamic between fishing fleets and processors in Bristol Bay

Gunnar Knapp, who spent decades studying Bristol Bay’s salmon markets, discusses the pricing relationship between fleets and processors.
vaping items

Alaska tobacco-control efforts get mixed reviews from American Lung Association

The state's lack of an e-cigarette tax is a problem according to the ALA, which is pushing for passage of a bill aimed at reducing youth vaping.
seaweed farming

Alaska aquaculture is growing quickly, but faces roadblocks

A new study's author says the growing industry has encountered a few “fundamental bottlenecks,” many of them involving Alaska logistics.

With rain in the forecast, Ketchikan switches back to hydroelectric power

The second half of October brought enough rain for Ketchikan’s electric utility to switch off its diesel generators.
Eielson Air Force Base

Work on Eielson microreactor project may resume this summer

State Sen. Click Bishop, R-Fairbanks, urged the Air Force to move ahead with the small nuclear power plant after a presentation last week.