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Economic Report 9-19

Economic Report 9-19

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.

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Economic Report 1-19

Economic Report 1-19

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 […]

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Business Intelligence

Business Intelligence

For this month’s Business Intelligence
Ketchikan may seek investors in dock expansion plans
Ketchikan to boost taxes, utility rates to increase employees’ pay
Nome hikes its property tax to increase local school contribution
Fairbanks utility rates rise to fund construction, maintenance
Southcentral contractors hustling with earthquake repairs
Southeast Alaska in drought; hydro levels being watched
Southcentral utilities now intervenor on Chugach-ML&P proceeding
State has new air quality study underway in Juneau
State supplies drinking water to Yakutat after contamination found
Increased discharges in Cook Inlet a worry for fishermen

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Telecom

Telecom

High-speed internet in Nome Nome is now getting high-speed internet through Quintillion Inc.’s fiber-optic undersea cable. The cable was completed in October, 2017 but service has just started. Local telecom provider TeleAlaska is delivering internet locally under an agreement with Quintillion. The service will triple the speed at which data can be downloaded at prices competitive with what consumers are paying now. Plans for service range between $179 per month to $329 per month. GCI now offers service through its […]

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Tourism

Tourism

Petersburg debates cruise tours Pro-tourism Petersburg residents shouted down the town’s mayor, Mark Jensen, over a letter Jensen proposed to Viking Cruise Lines asking the compa- ny to delay a plan for cruise vessel stops, saying the Southeast fishing town “isn’t ready” for large-scale tourism. Local people objected, saying they want the economic benefits. Viking officials visited Petersburg in August, looking for vessel stops for the 2020 sum- mer season. Petersburg had 8,850 visitors this year. Nearby Wrangell, in contrast, […]

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Infrastructure

Infrastructure

<b>Cruise tax decision a dilemma</b> U.S. District Court Judge Russel Holland’s decision on litigation over cruise passenger fees levied by coastal municipalities has created a dilemma for those communities. The decision, on a case brought against the City and Borough of Juneau by the Cruise Lines International Association, was not unexpected. Holland ruled that Juneau’s use of the cruise tax revenue to build tourism enhancements was illegal. The ruling was narrow, however, find- ing that expenditures of the revenues could […]

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Current News

Current News

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 […]

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Infrastructure

Infrastructure

Ketchikan cruise dock expansion Ketchikan starts construction in October on a corrosion protection project as part of its cruise ship dock expansion. Berths 1 and 2 are being rebuilt to accommodate the new super-sized cruise ships coming to Southeast Alaska. The docks are to be done in time for the 2020 summer tourism season.   Wrangell harbor: Wrangell let a contract to Tamico RnR JV for a $8.3 million harbor renovation. PND Engineers received a $731,328 contract to provide engineering […]

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Prices, projects: Things looking up a little in Alaska’s oilpatch

Prices, projects: Things looking up a little in Alaska’s oilpatch

Things are looking a little brighter in Alaska’s oilpatch? Job numbers have not yet ticked up and in fact they’re still slipping, though modestly now, after big cuts made in 2016 and 2017 as producing companies adjusted to the world of lower prices. But prices are rising, after a long slump. Even during the slump a number of new projects were being worked on and the brighter price outlook should cause some companies to push the green button on their […]

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What a contrast! Legislators orderly, civil as they close 2018 session

What a contrast! Legislators orderly, civil as they close 2018 session

Was this a virus whipping through the state capitol in Juneau? As the Legislature shut down last Saturday, May 12, odd things happened: There was civility, cooperation, bipartisanship, and good feelings. “The House and Senate and both (Democrat and Republican) caucuses really came together this year,” House Speaker Bryce Edgmon said as the session ended. Things were much different than last year, when the House and Senate, Republicans and Democrats, were all at each others’ throats. There were extended special […]

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