DOING BUSINESS IN ALASKA
Alaska Dept. of Commerce, Community and Economic Development
907-465-2500
dcced.commissioner@alaska.gov
www.commerce.alaska.gov
“From logistics to unmanned aircraft, from critical minerals to low- and no-carbon energy, and much more, Alaska is a resource powerhouse in a strategic position on the globe that has much more to offer than just our beautiful scenery and wildlife.”
— Governor Mike Dunleavy,
2023 State of the State Address
TOP BUSINESS FACILITIES RANKINGS
| #2 Outdoor Recreation | 2024 State Rankings |
| Top 10 GDP Growth | 2024 State Rankings |
From the July / August 2024 issue of Business Facilities
TARGETED GROWTH SECTORS
Oil & Gas: A 2023 study, by the McKinley Research Group and commissioned by the Alaska Oil and Gas Association, found that oil and gas employment, spending, tax revenues and spinoff effects supported 16% of the state’s jobs in 2022.
Mariculture: As part of the Build Back Better Regional Challenge, the Alaska Mariculture Cluster has been awarded nearly $49 million in grants to support the local mariculture industry.
Tourism & Outdoor Recreation: A report from the National Park Service estimates the economic impact of visitors to Alaska in 2022. According to the agency, parks attracted 2 million visitors who spent $1.16 billion in the state.
NOTABLE PROJECT
In September 2023, Graphite One Inc., which is planning a complete domestic U.S. supply chain for advanced graphite materials, announced it had arranged a strategic investment from the Bering Straits Native Corporation (BSNC) for up to $10.4 million. Formed in 1972, BSNC is the regional Alaska Native Corporation (ANC) for the Bering Strait region, which includes the Seward Peninsula in Western Alaska and the coastal lands surrounding Norton Sound. The Graphite Creek Project is located on state and private land in the BSNC region.
FAST FACTS
Population (July 2022 est.): 733,583¹
Largest Cities (2020): Anchorage (290,637); Fairbanks (32,619); Juneau (32,195); Wasilla (9,116); Sitka (8,428)¹
Real GDP (2022): $49.6 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
