Economy

a sign says "Alaska Permanent Fund Corporation"

Why Permanent Fund managers are again sounding the alarm about a key account running low

The Alaska Permanent Fund’s two-account structure means there’s a significant risk that it runs out of spendable cash in the coming years.
a home

As millions struggle with home prices, housing becomes a top issue for voters

Across the country, including in swing states, people have been priced out of buying homes. Record numbers are finding rent unaffordable.
salmon

Much of Juneau’s king salmon fishery will close this summer, because of a 2020 landslide

Most of the chinook that were supposed to come back this year were killed after the landslide severed a hatchery's freshwater supply.
crabbers

Relief applications open for Alaska’s 2019 and 2020 crab fisheries disasters

Years after two crab fisheries disasters occurred in the Norton Sound and Bering Sea, millions in relief funds are finally available to affected fishers.
a proposed mine site

Federal case challenging Donlin mine’s environmental impact statement heads to court

Six Yukon-Kuskokwim Delta tribes continue to fight against federal permitting for the proposed Donlin Gold mine project.
the Red Dog Mine

Red Dog’s dwindling ore is forcing the entire region to consider its future

The mine — an economic engine in Northwest Alaska — could close as soon as 2031.
a power plant

Demolition of Fort Greely’s old nuclear plant to begin this year

More than 50 years after the plant was decommissioned, the building that housed the reactor is scheduled for demolition.

4 men have died in Alaska’s North Slope oil fields in just over a year

Before the recent string of workplace fatalities, there had not been a death in the area since 2018.
mobile homes

Juneau Assembly doubles loan amount available to residents purchasing a mobile home

The loans were previously available for up to $10,000 at 1% interest. But, at a meeting on Monday, the Assembly bumped that up to $20,000. 

Federally funded heat pumps are coming to Prince of Wales Island

Spruce Root partnered with Alaska Power & Telephone to secure the $2.5 million award, which will also support a technician training program.
RVs

State sues Alaska Motor Home after customers say they were swindled and harassed

Prosecutors say the company abruptly closed Friday without providing refunds, likely affecting hundreds of customers.
a jackup rig in the water

An Alaska energy blogger breaks down the looming, much-nuanced Cook Inlet gas shortfall

Erin McKittrick looked at a few different possible timelines related to the gas shortfall that utilities and producers say is coming.
A woman in a pink sweater welcomes in people to her store.

Anchorage sisters tap readers’ rapture for romance with new bookstore

Beauty and the Book Alaska specializes in the romance genre- a growing trend in Alaska and around the country.
Kuskokwim Bay

Reported trawling too close to Kuskokwim Bay draws industry response

Social media posts feature marine traffic maps showing vessels' locations. One post reads “six trawlers right outside the mouth of Kuskokwim.”
set netters

Feds declare economic disaster for 2023 east Cook Inlet set net season

The declaration releases federal relief funds for affected fishers and related businesses. It follows one this spring for the 2021 and 2022 seasons.
Mount Redoubt

Royalty-free terms draw only 3 oil and gas lease bids in Alaska’s Cook Inlet

DNR Commissioner John Boyle is "disappointed" by the results but defends royalty reductions to encourage more inlet drilling.
a man

A petition to put king salmon on the endangered species list is raising alarm across Alaska

People across Alaska are reacting to a petition that would grant Gulf of Alaska king salmon Endangered Species Act protections.
A woman speaking at a podium.

Anchorage Economic Development Corp. is asking residents what projects they want to fund from a proposed sales tax

Two-thirds of the tax would be dedicated to property tax relief and the other third would fund public projects.
a fish

Climate change disruptions to Alaska marine fisheries scrutinized at Kodiak workshop

It is hard to address sudden shocks like marine heatwaves that are expected to be more frequent, participants said.
A structure, with mountains in the background, painted with Tlingit art.

Suit asserting Metlakatla tribal members’ right to fish off-reservation heads for trial

A trial in federal court is expected to determine where Metlakatla Indian Community members can fish without state permits.
A young woman in a blue puffy jacket and navy beanie poses inside of a glacial ice cave.

8 young Alaskans reignite a court fight over climate change and fossil fuel development

Sagoonick v. State II seeks to block a controversial natural gas project and asks the court to recognize Alaskans’ right to a livable climate.
a pipeline

Oil industry employee dies in workplace incident at Prudhoe Bay

The death is the fourth reported workplace fatality on Alaska’s North Slope in a little over a year.
two men pose

Downtown Anchorage businesses are stressed. Advocates hope new projects will revitalize the area.

Between a rise in homelessness and a hit to the economy, several business owners say they’re fighting to stay afloat.
pipeline

Deal to buy North Slope gas boosts Alaska Gasline prospects, but hurdles remain

The Alaska Gasline Development Corp. announced Tuesday it’s signed a deal with a London-based oil and gas firm to supply enough gas to meet demand in Southcentral, and then some. But the project still faces a number of hurdles.

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