#40 Alaska


From the Governor

“Our location on the globe is a distinct advantage. The third-busiest cargo hub in the world is also an advantage to doing business here in Alaska. Our proximity to Asia and Europe is an advantage. Our quality of life is a distinct advantage as well.” — Governor Mike Dunleavy


State Profile

Alaska’s economy remains mired in recession, with the highest unemployment rate in the U.S. First-term Governor Mike Dunleavy in the midst of restructuring the state’s spending, trying to make up for a $1.6 billion shortfall. One thing he does not want to do is raise taxes. “My concern is that the cost of living in Alaska is so high now that any additional burden on taking money out of the pockets of people,” he told the Anchorage Daily News in February. “We’re just going have more and more those folks think about going somewhere else where it’s cheaper to live and where there are more economic opportunities.” He’s pushing an agenda that would limit new taxes without a public vote, cut state spending, and enshrine the Permanent Fund Dividend—funded by oil revenues—in the state constitution. And he’s actively recruiting business to come to the state.

Key Industries

Aerospace; Air Transportation; Commercial Fishing; Drones; Tourism

Key Companies

Alaska Communications Systems
ASRC Energy Services
Carrs/Safeway
General Communication
Meyer’s
Providence Health & Services
WalMart

Key Contacts

Dept. of Commerce, Community & Economic Dev.

Matthew Fagnani, Division Director
907-4269-5734
Robert B. Atwood Building
550 W. 7th Avenue, Suite 1770
Anchorage, AK 99501-3576
matthew.fagnani@alaska.gov
https://www.commerce.alaska.gov/web/ded/

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