DOING BUSINESS IN ALASKA
Alaska Dept. of Commerce, Community and Economic Development
907-465-2500
dcced.commissioner@alaska.gov
www.commerce.alaska.gov
“As long as I’m governor, I’m going to work to make sure that the Alaska dream is within reach for anyone who wants to pursue it, so that we can realize our motto of North to the Future.”
— 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 |
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.
TOP PROJECTS (Jobs)
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 US$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 2024 est.): 733,536¹
Largest Cities (2024 est.): Anchorage (284,469); Fairbanks (31,674); Juneau (31,337); Knik-Fairview (19,235); Badger (19,132)¹
Real GDP (2023): $54 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
