Economy

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

a riverbank

Alaska tribes accuse Canada of human rights violations, request international hearing on mining

The Southeast Alaska Indigenous Transboundary Commission says upstream mining in Canada violates tribes' right to a healthy environment.
Homer City Hall

Homer City Council rejects attempt to regulate short-term rentals

The Homer City Council unanimously rejected an ordinance Monday that would require short-term rental operators to register their property.
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 white, snowy landscape of a dam covered in snow and mountains covered in snow.

Anchorage Assembly preps for legal fight with Bronson administration over future of Eklutna Dam

The Assembly and administration have major differences over who sets the policy and what the city’s position actually is.

Anchorage mayoral candidates address sales tax, muni workforce issues

Most of the questions at the Anchorage Chamber of Commerce event were about economic and business issues.
a sunset

Alaska natural gas promoter floats new plan: Send North Slope gas to Southcentral first

The Alaska Gasline Development Corp. suggests supplying the Cook Inlet region with natural gas as a phased prelude to Asia-bound LNG exports.
a volcano

Unalaska positions to walk away from geothermal agreement

A Friday memo from Unalaska's administration advises against renewing a power purchase agreement in the Makushin Volcano geothermal project.
grocery bags

Feds and 9 AGs sue to block Kroger-Albertsons supermarket merger

Attorneys general in Arizona, California, the District of Columbia, Illinois, Maryland, Nevada, New Mexico, Oregon and Wyoming joined the suit.

USDA boosts energy grants to help rural businesses, farmers, others

The federal Department of Agriculture is offering grants to help people who live and work in Alaska’s rural areas reduce their energy costs.
a credit card-style Alaska Quest Card on fresh produce

Alaska lawmaker says systemic changes to food stamps program will reduce backlog, save money

Alaska Beacon reporter Claire Stremple discusses proposed processing and eligibility changes to the Supplemental Nutrition Assistance Program.
two kids color at a table

Advocates finalizing plan to use Anchorage marijuana tax revenue on child care

Some of the funding could be distributed as early as this fall, with much of it getting sent out by January of next year.
A "Plowing for Pizza" branded snow plow truck

Domino’s Pizza stunt marketing lands Anchorage $25,000 for snow plowing

A “significant” number of Anchorage locals nominated their city for the grant, according to a Domino's spokesperson.
man exiting legislative chamber

Alaska Senate moves toward rejecting some of Gov. Dunleavy’s 12 executive orders

Senators expressed concerns about several of Gov. Mike Dunleavy's 12 executive orders. The Legislature has until mid-March to reject them.
Cook Inlet

Alaska Gov. Dunleavy’s plan to lease land for carbon storage comes with questions

Analysts say estimates that the state could earn hundreds millions from leases are overpromising.
A narrow lake among snow-capped mountains

Eklutna hydro owners say they won’t extend wildlife restoration process

Stakeholders who have fundamental objections have little time for further negotiation, and little recourse but federal court.

Attorneys argue scope of Metlakatla’s off-reservation fishing rights in federal court

Attorneys presented oral arguments in a long-running dispute over fishing rights on Alaska’s only Native reservation on Thursday.

Hometown hero? Valdez may soon get a life-sized statue of a ‘Star Trek’ icon

A group of fans want to honor William Riker’s Last Frontier roots with a bronze statue in the character’s hometown: Valdez.
a square building with a large black chimney with a sign that reads "Trident Seafoods"

3 seafood processors announce closures, selloffs following historic price collapse for Alaska fishing industry

Three major seafood processors in Alaska have announced plans to sell off their plants or temporarily close for the upcoming fishing seasons. Trident, Peter Pan Seafood Company and most recently OBI Seafoods – just last month – have all cited turbulent market conditions for their decisions.
a cartoon image of a hand holding an iphone with a timer on it

How do you use Buy Now, Pay Later? It likely depends on your credit score

New research finds that people who use it the most tend to use it like a credit card, instead of a credit card. And that's regardless of income.
a Hilcorp platform in Cook Inlet

Bill to provide free access to Cook Inlet seismic surveys moves forward

House Resources Committee chair Rep. Tom McKay, R-Anchorage, said he believes the proposal could spur more drilling.