Economy

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

a dock

Haines residents could weigh in on divisive dock project

Mayor Tom Morphet said he wants an advisory vote to make sure “50 percent plus one of the community” is on board with how to rebuild the Lutak Dock.
Kodiak

Report portrays mixed picture of Alaska’s huge seafood industry

The report says the industry's economic value rose in 2021 and 2022, but employment is declining and recent price collapses are worrisome.
travelers

Airlines are ordered to give full refunds instead of vouchers and to stop hiding fees

The new Biden administration rules are meant to crack down on airlines that charge passengers steep fees to check bags and change flights.
Lina Khan

U.S. bans noncompete agreements for nearly all jobs

The FTC has voted to ban agreements that typically prevent workers from leaving their companies to join or start competing businesses.
President Biden

President Biden signs law to ban TikTok nationwide unless it is sold

The measure was included in a foreign aid package providing support to Ukraine and Israel. TikTok has vowed to challenge the law in federal court.
Amazon van driving

Amazon says its Anchorage sorting facility has cut delivery times in half

“That's going to continue to speed up and improve as we move towards that 100% operational state,” said a company spokeswoman.
solar panels

Soldotna solar installation set to go online this summer

The 600-panel array will be able to fully power the Whistle Hill business complex east of Soldotna when weather permits.
Danny and Orin Seybert

PenAir founder and Grumman Goose pilot Orin Seybert dies at 87

The founder of Peninsula Airways, Seybert was known for recognizing amphibious planes' ability to operate without runways in the Aleutian Islands.
a panel

Relocation of eroding Alaska Native village seen as a test case

The Newtok-to-Mertarvik transformation is the most advanced of several village relocation efforts prompted by climate change.
a gas station

Three Bears Alaska begins work on Delta Junction gas station, grocery store

The Delta Junction project is the Wasilla-based company’s 22nd location, all but one of them in Alaska.
a man

Popular superhero movies fuel lucrative hobby for Kodiak comic collectors

Fan Con, Kodiak's annual culture convention, offers a glimpse into decades-deep collections of comic books in the island community.

Biden administration blocks Ambler Road, strengthens protections for NPR-A

Both Alaska senators, Republicans Dan Sullivan and Lisa Murkowski, expressed outrage even before the decisions were formally announced.

Alaska Native Heritage Center ready to rouse ‘sleeping giant’ of cultural tourism

The Anchorage-based center is one of five Indigenous groups nationwide that will receive federal money to expand cultural tourism.
a statue

Alaska’s carbon storage bill, once a revenue measure, is now seen as boon for oil and coal

The Alaska House of Representatives is set to vote for House Bill 50 on Wednesday, sending it to the Senate.
fishing boats

Peter Pan Seafoods announces it will cease operations

The company has faced mounting troubles, including legal claims from fishermen seeking compensation for unpaid deliveries of seafood.
a housing complex

Sitka’s housing crunch hits tribal citizens hardest, study says

The survey also found that tribal citizens are leaving Sitka at a higher rate than other residents.
a weather station

State resolution would push feds to fix rural Alaska aviation weather stations

A pending Legislature joint resolution would urge Congress to address FAA Automated Weather Observing System outages common across Alaska.
a cable crew

First miles of AIRRAQ fiber laid on frozen tundra near Napaskiak

The network will eventually span more than 900 miles, bringing urban internet speeds and pricing to more than a dozen Bethel-area communities.
Mary Peltola

Peltola says her priority is Alaskans’ economic prosperity

During a recent visit to Ketchikan, Rep. Mary Peltola discussed her approach to housing, mental health resources and addressing climate change.
an airliner

Another Boeing whistleblower says he faced retaliation for reporting ‘shortcuts’

An engineer who accused the company of taking production "shortcuts" has joined a growing list of whistleblowers who say they faced retaliation.