Economy

The alternative approved by the North Pacific Fishery Management Council was introduced by the State of Alaska’s representative on the council, but was vehemently opposed by all but one person, group or government entity that provided public testimony or written comment.

Changes are coming to the management of the commercial salmon fishery in Cook Inlet, and fishermen, processors and related businesses fear that federal regulators could close commercial salmon fishing in federal waters and cause an industry that has sustained families for generations on the Kenai Peninsula to collapse.

Customers still showed up early to Best Buy for discounted deals on electronics.

It's safer to do holiday shopping online right now, but you can do that while still shopping locally.

The Alaska Department of Fish and Game is accepting public comment on the second draft of a spend plan to distribute $50 million of CARES Act funds for fisheries relief.

The resignation of Anchorage mayor will not affect downtown business survival.

While many revenue predictions are down, city officials said the state of the pandemic could dramatically affect things.

The Alaska Department of Fish and Game is accepting public feedback on its draft plan for how the state will spend the $50 million allocated to it for fisheries relief under Section 12005 of the CARES Act.

According to the National Federation of Independent Businesses, in September more small businesses were hiring - but less skilled workers were available.

The industry is now dealing with depressed prices for seafood products.

Starting Jan. 1, 2021, employees making minimum wage will see their hourly rate increase from $10.19 to $10.34.

The Anchorage Economic Development Corporation releases a new COVID business impact survey and the President/CEO says it indicates a long economic winter if more federal financial aid isn't made available.

Art Services North, an event and decor business has been hit hard by the economic fallout from the pandemic.

The U.S. Army Corps of Engineers announced that the proposed Pebble Mine in Bristol Bay will not be issued a final permit over environmental concerns.

Anchorage will spend the bulk of its CARES Act money on rental and mortgage assistance and small businesses in tourism and hospitality

123 employees are being affected at TSAIA and 19 employees are being affected at FIA.

Priority areas for allocation of COVID-19 relief funds were under consideration Wednesday at a continued meeting the Anchorage Assembly chambers.

Oil prices and production levels are on the rise in Alaska, but it might not be enough to combat the crash caused by COVID-19.

Several Anchorage homeowners who live next to the city's new proposed homeless shelters say their voices weren't heard by the Anchorage Assembly.

As many Anchorage businesses fight to stay afloat, others have stopped serving customers altogether. Of the latter group, some have closed their doors so that they might hopefully reopen in the future.

The proposed plan would send funds to a number of different areas including rent and mortgage assistance.

While grateful, many are concerned it won’t be enough

Anchorage restaurants Altura Bistro and Bread and Brew Alaska say they're following the rules and customers are showing them support.

Census takers have a lot of work to do in Alaska, as the state’s response rate ranks 50th compared to the rest of the country.

The Anchorage Economic Development Corporation says that over the next 3 years, jobs levels in Anchorage may not be able to rebound to pre-pandemic levels.

Trina Johnson, who has owned La Mex for more than thirty years is trying to figure out how to survive a second shutdown.

As Anchorage entered the second day of its “Four week reset” Tuesday, restaurant owners took different approaches as how to deal with the mandate that requires them to close indoor dining.

After several months of some of the lowest unemployment rates Alaska has experienced, things took a sharp turn starting in April.

Two Anchorage nonprofits have found a way for customers to buy local while staying socially distant.

Folks on unemployment have gotten extra financial padding in the form of an additional $600 a week from the CARES act. With those benefits about to run out, the Food Bank of Alaska is trying to keep food on the table for those who need help.