Economy

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

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.
a woman

How to file your tax returns: 6 things you should know this year

For something that's legally required, taxes can be confusing. This guide covers the latest credits and deductions — and how to plan ahead for next year.
activists

Juneau advocates seek Saturday ban on large cruise ships next season

Karla Hart says Juneau residents deserve one day a week when they can visit local businesses and attractions free of summer tourists.
earthquake damage

In seismically active Alaska, plans for statewide residential building codes are on shaky ground

Pending state bills are supported by earthquake experts and homebuilding organizations, but they have also generated skepticism.
ravens

Cruise ship season begins in Juneau

The first ship of the year — the Norwegian Bliss — arrived early Tuesday morning.
Solar panels stretching off into the distance connected by electrical wire.

Railbelt electric utilities are facing a major energy crunch. Renewables may be the answer.

The region’s electric grid needs to find a replacement for Cook Inlet natural gas. One study suggests over the long term, the cheapest option is to ramp up renewable energy. 
caribou

Lawmaker proposes Alaska Constitution amendment to resolve subsistence disputes with feds

Alaska Native leaders have blasted the proposal from Rep. Thomas Baker, R-Kotzebue, with one calling it “another attempt at a power grab by the state.”
a building

Fairbanks hosts final gathering to remember Polaris Building

The 72-year-old structure will be fully demolished this spring, after it suffered flood damage from frozen pipes in 2001.
fishing boats

Shuttered Dillingham and Port Moller salmon facilities to reopen this season

Seattle-based Silver Bay Seafoods will operate the facilities closed by Peter Pan Seafoods. It is also buying Peter Pan's Valdez plant.
a fogbow

Russian objection to U.S. territorial claims off Alaska complicates maritime relationship

The response shows how failure to ratify the Convention on the Law of the Sea puts the U.S. at a disadvantage, says Sen. Lisa Murkowski.
a cruise ship

Juneau had a record-breaking cruise season last year. This year should be about the same.

With the capital's first cruise ship arriving Tuesday, Juneau’s tourism manager says things should “run a lot more smoothly” this year.
a council

Western Alaska tribes, outraged by bycatch, turn up the heat on fishery managers and trawlers

The debate is increasingly urgent, as subsistence harvesting bans continue and proposed fixes threaten to impose steep costs on industry.
an airliner

Boeing pays Alaska Airlines $160M after 737 Max door-plug blowout over Oregon

Alaska Airlines says Boeing has paid $160 million in initial compensation for losses that the airline suffered after the January blowout over Portland, Ore.