Economy

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

a highway

Goldbelt, Royal Caribbean plan new cruise ship port on Juneau’s Douglas Island

The companies also hope to develop floatplane and whale watching docks, helicopter pads and a recreated Lingít village.
a large industrial building with high walls next to a road

NOAA economists report plunging revenues for Alaska commercial fisheries

2023 in particular marked one of the worst years for commercial fishermen in modern history.
snow crab

Bering Sea snow crab fishing to resume, but at an ultra-low level to encourage repopulation

After a two-year hiatus forced by low stocks, the Bering Sea snow crab harvest is back on.
a sign

CVS and Walgreens are ailing. Here’s why.

America’s biggest pharmacy chains are closing hundreds of stores, laying off thousands of workers and rethinking their role in our lives.
Man speaking in crowded courtroom

State argues court should dismiss climate lawsuit from eight young Alaskans

The lawsuit filed by the nonprofit Our Children’s Trust is the latest effort by young Alaskans to establish a right to a livable climate.
a drilling rig

Petroleum drilling technology is now making carbon-free power

A new technique for harvesting geothermal energy being pioneered in Utah has passed a significant milestone.
a seafood plant

Trident Seafoods to sell Kodiak plant to Pacific Seafood

The Kodiak plant is the last to change hands after Trident moved to sell a third of its Alaska facilities starting last year.
a trawler

Environmental group seeks limits on Alaska trawling

Oceana told the North Pacific Fishery Management Council that trawling threatens sensitive seafloor habitats.
a harbor

Lower Cook Inlet fishermen try to stay afloat after tough salmon season

A season of low prices, high costs and a poor pink salmon run has come on the heels of last year’s market collapse.
a rocekt

Kodiak spaceport relies on more than rocket launches to generate revenue

The Pacific Spaceport Complex-Alaska will sign an agreement this week to support other spaceports by sharing one of its systems.
fishing boats

Alaska’s seafood industry lost $1.8 billion last year, NOAA report says

Glutted seafood markets, low prices, high costs and reduced catches caused pain that swept through Alaska and beyond, the report says.
Downtown Anchorage, with water in the foreground and mountains behind.

Anchorage Assembly considers ballot proposition that would introduce a 3% sales tax

If approved, supporters estimate it would generate about $180 million in annual revenue for the city.
a boardwalk

A spectacular trail in Petersburg gets an upgrade thanks to a federal-tribal-borough partnership

The Petersburg Indian Association is paying for it with money from the federal Tribal Transportation Program.
St. Paul

St. Paul seafood processing facility unlikely to reopen for surprise snow crab fishery

Trident Seafoods says opening the Pribilof Island's facility for the fishery's low catch would not be economical.
a debate

At U.S. House debate in Kodiak, candidates differ on future of Alaska fisheries

Nick Begich emphasized fighting for the state, Mary Peltola focused on support in Congress and John Howe called himself a "third wheel."
Juneau

Juneau has nearly 400 registered short-term rentals. How close is the city to regulating them?

The Assembly hopes to ensure operators are paying taxes and learn more about the capital's short-term rental market.
fishing boats

Judge approves former Peter Pan Seafoods co-owner’s bid for company assets

Thursday's $37.3 million sale to Rodger May includes former Peter Pan processing plants in Dillingham, King Cove and Port Moller.
a newsstand

Anchorage Daily News staff votes on unionization, results to come in November

If the vote is successful, the Anchorage Daily News would be the state’s only currently unionized newsroom.
A woman in glasses speaks behind a podium.

Changes in Alaska’s nonprofit landscape | Talk of Alaska

What will changes in leadership at some of the largest nonprofits in Alaska mean for the future of supportive services and rates of charitable giving?

In surprising move, Bering Sea snow crab fishery to reopen after 2-year closure

Bering Sea fishermen will be allowed to harvest about 4.7 million pounds of opilio, also known as snow crab, starting Oct. 15.