For most of the United States, 2008 began the great recession, a period of economic volatility and increased unemployment. However, even seven years out, Alaska has experienced very positive job growth. KDLG's Chase Cavanaugh has more.
The local electric cooperative for the Dillingham area is seeking public comments on a proposed rate increase that is scheduled to take effect in mid-June. A number of factors have come together to negatively impact the financial position of the Nushagak Cooperative. Those factors include a downturn in sales due to the unseasonable warm winter and the short seafood processing season that the region experienced last year.
An organization that represents thousands of small businesses in Alaska has come out in opposition to Ballot Measure 1, which would repeal the new oil tax regime in Alaska. KDLG’s Mike Mason has the story.
The State of Alaska held an oil and gas lease sale earlier this month for large chunks of the Cook Inlet and Alaska Peninsula Areas. A total of 43 bids were received by the Alaska Division of Oil and Gas. 40 bids were received for the tracts in the Cook Inlet area-wide sale but just 3 bids were made for tracts in the Alaska Peninsula lease sale.
The Alaska Air Group will buy back up to $650-million dollars of stock, in a move approved by the Board of Directors. The buyback will equal about 10-percent of the company’s current market capitalization and comes on the heels of the current $250-million dollars stock buyback.
The confusion surrounding the liquor license for the Willow Tree Bar in Dillingham has been cleared up and the Dillingham City Council has endorsed the issuance of a license. KDLG’s Mike Mason has the details.
A new study highlights the importance of the domestic maritime industry to the Alaska economy. The study puts the industries contribution at the Alaska economy at over $1-billion dollars a year. The new study by PricewaterhouseCoopers puts Alaska at 3rd in the nation in per capita maritime jobs with an estimated 4.3-thousand jobs and worker income of over $344-million dollars a year.
The latest unemployment numbers show that Southwest Alaska continues to lead the state in regional unemployment. The March unemployment rate in the Southwest region was 13.8-percent. That’s essentially unchanged from the 13.9-percent rate recorded in February.
For many years the staff and Board of Directors for the Nushagak Cooperative have been trying to identify renewable energy projects that could be developed in the Dillingham area. So far those efforts have not resulted in a suitable project being found. KDLG’s Mike Mason has the details.