Tag: Alaska Economic Report
The new moratorium only applies to areas experiencing “substantial” or “high” levels of COVID-19 transmission. That’s nearly all of Alaska right now.
An expanded federal tax credit for working families rolled out last week as part of the American Rescue Plan Act. Many have already seen their bank accounts credited $250 to $300 per child this month. It’s a plan that experts say will cut child poverty in half across the country — including in Alaska.
Anchorage has seen a consumer price increase of more than 6% in the last year, with some sectors rising by nearly 50%.
The Mountain View farm took the place of a vacant parking lot. Today it’s tended by more than 20 immigrant and refugee farmers who live in Anchorage.
New breweries have been popping up in Alaska for years, and, despite earlier predictions that growth would plateau, it hasn’t let up yet. vv
Big cruise ships recently got the green light to sail to the state again. At the same time, independent travelers are showing up in force in Southcentral.
As federal aid poured in, personal income in Alaska actually rose in 2020.
Kate Wattum began operating her fiber mill business in Fairbanks in 2016. But it wasn't until 2020 that she felt like she'd hit her stride, turning raw animal fibers into yarn. Then came the pandemic.
It's a seller's market: homes are going fast and at high prices. But experts say they're not seeing the warning signs of a housing bubble.
In Anchorage’s COVID-19 economy, social media skills are essential for small business — but not everyone has them
Familia opened in May 2020. Their food has gained a strong following despite the pandemic.
Hope for big ships at some point this summer is not lost yet, but the outlook is bleak. Leaders in Alaska and Washington D.C. are attempting to find solutions.
Financial needs linger among Alaskans, a year after the start of the pandemic shocked the state’s economy
Needs have settled down after the early spike, but many Alaskans are still dealing with the financial impacts of the pandemic, which are expected to linger in the months ahead.
The change is small -- a 1.1% decline in prices.
The American Rescue Plan, which includes another round of federal relief money for Americans impacted by the pandemic.
The housing market’s upswing doesn’t account for thousands of Alaskans who are struggling to make ends meet.
Alaska lost 27,000 jobs in 2020. And, while the whole state suffered, regions that depend on tourism were hit especially hard.
In the last year, employees at Salmon Berry Tours delivered groceries, plants and Christmas Trees. They also took on a new role in Hatcher Pass.
Alaska is expected to add jobs in 2021, but at a slow pace.
"The number of web orders we’re receiving right now is at least ten times the volume we have received typically in the past," Janet Gregory, who owns Over the Rainbow Toys, said about their new online platform.
Jon Bittner, with the Alaska Small Business Development Center, says without a second round of relief money, businesses will continue to suffer.