University heads to single system; outcome uncertain August 6, 2019 University of Alaska president Jim Johnsen is locked into a course of merging the UA system into a single institution, hoping to achieve cost savings but also consolidating control of the statewide system and reducing the autonomy of Chancellors at the three campuses, University of Alaska Fairbanks; University of Alaska Anchorage and University of Alaska Southeast. Johnsen achieved support for that approach from the university’s Board of Regents in a […]
We preview upcoming private and confidential reports. Contact us for information on our weekly Alaska Legislative Digest and biweekly Alaska Economic Report. Past 2018 content for the Alaska Economic Report is listed below by date published.
In this issue we will be discussing Donlin Gold is hiring again and First bids on big port reconstruction project in Anchorage. We’ll also be discussing the employment trends in Alaska for the summer, political gridlock over PFD And much more.
May 28, 2019 In this Issue: Alaska’s PFDs almost didn’t happen Public was lukewarm on dividends; many legislators were opposedWhere did the idea come from?Senior citizen bonuses, student loans were early modelsAccidents of history played a rolePublic was initially skeptical to giving away moneyWhat if there had never been a PFD?
April 19, 2019 In this Issue: How the Permanent Fund came to be Political vision in 1976, but voices of caution, tooLegislators in 1976 resisted impulse to define Fund in detailIdea of savings fund surfaced first in 1960sPrudhoe Bay changed things – normal fiscal rules would not apply1969 oil lease windfall prompted thinking about futureGov. Keith Miller introduced first proposal, for a “development” fundNew legislators in 1975 willing to tackle new idea –saving oil wealthShould some of the Fund be […]
March 28, 2019 In this Issue: Employment edges up, led by construction, oilUptick is slow but appears to gather momentum U.S. Navy coming back to Adak? Health careState backs out of Wellpath dealMedicaid changes being planned?Fairbanks gas utility hits bumpsKenai plant to import LNG? The outlook in Juneau: Foggy!Big PFD as a compromise? Business IntelligenceAdak argues it can be freight container hub for Arctic shippingTelecom companies feel the effects of state’s recessionJuneau solicits ideas on using cruise tax revenueNew ferry […]
April 19, 2019 In this Issue: Hilcorp starts production at its new “Moose Pad” project State’s economy tips up; let’s not mess it up EnergyIGU cuts out of Siemens dealPetersburg hydro upgradeUAF coal power plantChugach, ML&P deal proceeds Economic data from Northrim presentations Business IntelligenceA growing industry? Farms up 30 percent between 2012 and 2017Influential anchorage business group focuses on food supplyBristol bay subsidiary expands in western Alaska fuel supplyFairbanks will raise taxes due to governor’s cutsSome anchorage businesses still […]
March 28, 2019 In this Issue: Economy perks up; now budget hits raise worryFirst employment increase in three years; may decline againBusinesses fret over Anchorage port modernization InfrastructureMat-Su transportation grant EnergyRailbelt utilities at odds, againLower water levels in Southeast Health careNew hospital planned for Sitka If governor prevails on budget, huge adverse impacts Petroleum, construction lead rise in statewide employment Health care growth slowed in February; Medicaid cuts will slow it further Business IntelligenceDespite austere times, state nurtures strategic developments Permanent […]
March 7, 2019 In this Issue: Governor’s budget shakes business confidence Uncertainties now cause projects to be delayed Legislators are not about to accept Dunleavy’s budget, and will write their own Infrastructure Skagway dock options eyed Transportation Truckers’ big economic clout Plan to delay ferry service cutoff Energy Southeast hydro: Low water GVEA drops Eco-Green deal Rural renewable energy program UA’s new power plant to fire up State gas project “shutdown”: Sending a signal? Talks underway with two of three […]
Feb. 14, 2019 In this Issue: Native corporations’ new stake in slope oilNew projects will pay $173 million/year in royalties at peak EconomyMat-Su showing job gains Health CareMedicaid covers 210,000 Alaskans Governor’s budget cuts hit across the state Business IntelligenceConstruction spending nudges up this year; oil, militaryCruise tourism will show sharp growthAnchorage looks at tax holiday for new housingBethel’s farm now serves outlying villages in Y-KAIDEA business loans show a dip, likely due to recessionMore small communities out of compliance […]
Jan. 31, 2019 In this Issue: New progress for big Donlin Gold project Companies commit to new work, $322 million bond Dunleavy dividends: $2.4 billion yearly to economy? Transportation New Arctic port, route study Bypass mail test program is off New ferry in service in May Infrastructure Money to complete Nenana bridge Mat-Su’s rail project still pending Governor wants producers back in Alaska LNG Project Legislature convenes in Juneau, but House still not organized Business Intelligence Anchorage feels sticker shock […]
Dec. 28, 2018 In this Issue: ANWR: $3 billion a year to state?What if ANWR has no oil? Geologists’ views differPolar bears will be point of contention in ANWR Jobs: Petroleum workforce shows first increase since 2015 InfrastructureCruise tax decision a dilemma TourismPetersburg debates cruise toursFairbanks delays hike in hotel tax TelecomHigh-speed internet in Nome Business IntelligenceGovernor cites lower oil prices in budget planIs governor setting the stage for budget cuts?Earthquake damage in Southcentral more extensive than first thoughtFew Southcentral […]