Economy

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

As oceans heats up off Northwest Alaska, the fishing does too

The cod population in the Gulf of Alaska is at its lowest level on record. Officials have declared disasters after the failure of multiple Alaska salmon fisheries. But in northern parts of the state, fishermen have been landing huge catches, in numbers that haven’t been seen in decades.

Alaska Board of Fisheries rejects permit stacking, expands subsistence opportunity near Dillingham

Naknek-Kvichak, Egegik and Ugashik commercial fishing districts will see expanded harvest opportunity in the fall, and the late-season fishing schedule will be extended to allow fishing from Monday morning to Sunday morning.

New warm ocean Blob could affect Southeast winter weather, fisheries

Sea surface temperatures in the Gulf of Alaska are averaging four degrees Fahrenheit warmer than normal. That isn’t as hot or doesn’t extend quite as deep as the original Blob. At least not yet.

Winter salmon trolling starts slow in Southeast Alaska

From October through the end of December, winter trollers had caught only around 5,500 king salmon. That’s almost 2,000 fewer kings than last winter’s catch during the same time period.

For decades, the government stood between the Unangan people and the seals they subsist on. Now, that’s changing.

The tribal government of St. Paul island, in the Bering Sea, has pushed the federal government for years to relax strict subsistence rules that have blocked access to seals and forced residents to buy expensive groceries. New rules could take effect soon, but they face opposition amid a decline in the seal population.

Could Arctic warming be behind gray whale deaths in Alaska, and elsewhere? Here’s why scientists are asking.

Scientists aren't calling climate change or declining sea ice the smoking gun yet. But they’ve seen enough other events that have come along with Arctic warming, like sea bird die-offs, that they’re asking questions.

Research shows studded tires cost the state millions of dollars in road maintenance every year

A new report finds that over the next 20 years, the road maintenance related to studded tire use will cost the state way more than what it takes in from fees drivers pay to use them.
people talk to staffers in windows at the PFD office

How can Alaskans make the most of the PFD? Here are a few ideas.

Beyond the political battle, part of the PFD story is a lot more personal. If you're handed this sum of money each year — how do you make the most of it?

Researchers to study wildfire, unstable permafrost and rain-in-winter events on urban Alaska

Over the next four years, a collaborative research project aims to take a close look at three natural hazards: wildfire, unstable permafrost, and rain-in-winter events.

Did the big 2018 earthquake shake up Alaska’s economy?

A year after the quake, are there clear impacts on Alaska's economy as a whole?

Seven things to know about getting into and out of debt

It's the holiday season ⁠— a time of celebration, gift giving and spending. It can be tempting to lessen the impact of that spending by charging purchases on credit cards. But there are some important things to know.

On average, Anchorage households spent $70,000 in one year. Where did that money go?

"Our housing story is vastly different from the rest of the country. And it has been now for four or five years."

One Anchorage business delivers 150 pizzas a week by plane

There's one Anchorage business flying pizzas hundreds of miles, to far corners of the state.

LISTEN: Job gains expected for Alaska in 2020

In 2020, the state is expected to continue adding jobs, but more slowly.
A boat near a dock.

LISTEN: Only one state ferry is currently in operation. How are coastal communities dealing with sailing uncertainty?

This summer, many Alaskans have seen long gaps in service. In some communities, it is still uncertain when boats will return.

A new fish processor is buoying King Cove’s fishermen. But now the town’s finances are sinking.

The opening of a new processing plant in a nearby village has reduced frustrations for fishermen in King Cove, who were long frustrated at the limited market for their catch. But with the fish being sold elsewhere, the town of King Cove itself is now contending with a massive budget hole caused by a crash in fish tax revenue.

Trident bars workers from leaving Aleutian plant to protect neighboring village from coronavirus

Akutan, a village of some 100 people, lies 35 miles east of Unalaska. It also boasts the largest seafood processing plant in North America. The Trident-operated plant hosts 1,400 employees a half-mile walk from the rest of the town.

Coronavirus fears fuel assault on Bering Sea fishing boat, federal prosecutors charge

Maurice Young was a housekeeper and galley assistant on the 235-foot SeaFreeze America. A day before the assault, the victim -- a processor on the ship -- criticized Young “for serving food without gloves,” prosecutors said in a court filing.

LISTEN: How Alaska’s non-profits are feeling the impact of the COVID-19 pandemic

Alaska’s economy and it's businesses are facing great uncertainty amid the COVID-19 pandemic. And the non-profit industry is no exception.

Togiak’s herring buyer says floating processor will have “zero impact” on community

Icicle Seafoods says its floating processor will ensure that crew don't interact in the community and inadvertently spread the coronavirus.