Tag: Alaska Economic Report

Federal eviction moratorium extended for nearly all of Alaska

The new moratorium only applies to areas experiencing “substantial” or “high” levels of COVID-19 transmission. That’s nearly all of Alaska right now.
A white woman with short hair wearing glasses in front of the ocean.

Federal child tax credit expected to cut child poverty in Alaska

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.

Consumer prices spiked more than 6 percent in urban Alaska over the last year

Anchorage has seen a consumer price increase of more than 6% in the last year, with some sectors rising by nearly 50%.

At Anchorage farm, refugees in Alaska gain training and economic opportunity

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.
A dog stands with its paws on a counter. A glass of beer sits on the counter.

Alaska’s brewing industry continues to grow, despite pandemic challenges

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

Independent travelers pour into Anchorage as summer tourism season begins

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.

How an Alaska fiber mill survived the pandemic, despite plummeting sales and low supply

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.
A for sale sign in front of a white house.

Is Alaska’s pandemic housing market burning out or getting hotter?

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.
Two people stand in front of a pizza oven, smiling.

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.
The bow of a white cruise ship

LISTEN: As summer approaches, Alaska leaders are making continued efforts to salvage cruise tourism

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.

LISTEN: Economic Impact Payments are beginning to hit bank accounts. Here’s what you need to know.

The American Rescue Plan, which includes another round of federal relief money for Americans impacted by the pandemic.
A for sale sign in front of a white house.

Alaska’s pandemic housing boom driven by interest rates, tight inventory and shifting attitudes

The housing market’s upswing doesn’t account for thousands of Alaskans who are struggling to make ends meet.

LISTEN: What another summer without cruise ships could mean for Alaska’s economy

Alaska lost 27,000 jobs in 2020. And, while the whole state suffered, regions that depend on tourism were hit especially hard.

To face 2020 head-on, one Anchorage tour company branched out

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.
Signs in a window announce covid closures

LISTEN: Alaska jobs expected to slowly return in 2021

Alaska is expected to add jobs in 2021, but at a slow pace.

For Anchorage businesses, going online pays off during COVID-19

"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.

LISTEN: Alaska’s small businesses face financial winter as pandemic drags on

Jon Bittner, with the Alaska Small Business Development Center, says without a second round of relief money, businesses will continue to suffer.