2021 VIRTUAL ECONOMIC LUNCHEON January 27, 2021 FORECAST 11:30 a.m. - 1:00 p.m.

SPEAKER CO-SPONSORS

W/ PRODUCTION SPONSOR Thank you to the Economic Forecast Sponsors

Speaker Sponsors

Economic Forecast Sponsors Real-Time Jobs Intelligence Report Sponsor

Business Confidence Index Report Sponsor

Cost of Living Index Report Sponsor

Gift Basket Sponsor Dessert Sponsor

Registration/Ticket Sponsor Polling Sponsor Program Sponsor Production Sponsor

Primary Sponsors

Contributing Sponsors

Alaska Regional Hospital First National Bank Alaska BDO USA, LLP Lynden, Inc. Chugach Electric Association, Inc. Northern Air Cargo ConocoPhillips Providence Health & Services Alaska

Supporting Sponsors

Alaska Army National Guard PDC Engineers DOWL RIM Architects Matanuska Telephone Association CIRI

Media Sponsors A Message from AEDC President & CEO Bill Popp

Hello! Welcome to the 2021 AEDC Economic Forecast Luncheon. We hoped 2020 would be a turning point for the Anchorage economy, instead it was a year of unprecedented turmoil. At AEDC, we have tried to face these challenges the same way many of you in the business community have – adapting with a focus on safety. As the Anchorage community works together to find ways to reduce the impacts of COVID-19 and get our economy back on track, we appreciate you making the time to join us virtually. We look forward to a future that allows us to return to crowds of 1,500 in the main ballroom of the Dena’ina Center.

The staff at AEDC is dedicated to creating events that deliver the information and insight you have come to expect from our organization. We partnered with Alaska Public Media to ensure that our work in the virtual realm has the same high standards of professionalism. We are grateful to the McKinley Research Group (formerly McDowell Group) for their partnership on the 2021 Economic Forecast Report for Anchorage, and Northrim Bank and Denali Anesthesia for their generous sponsorship of this year’s Forecast. Today’s uncertainty makes analysis of economic trends based on historical data more important than ever. In the latest Business Confidence Index report, with data gathered by the McKinley Research Group and sponsored by Premera Blue Cross Blue Shield of Alaska, we also hear from business owners what they expect in the next 12 months.

Our goal today is to provide clarity to the greatest degree possible. We will present an analysis of the current situation, the damage done so far, and just how tough a future we might face over the next year. There is likely more pain to come, though we can improve that outlook with informed strategies. Use the information from today’s event to facilitate decisions on current challenges and know that even in times of upheaval and economic loss, new opportunities are revealed. As Alaskans, trailblazers, and decision-makers, we have every reason to believe there will eventually be a brighter future ahead.

Thank you for attending today’s event. AEDC has helped to grow and diversify the Anchorage economy for more than 34 years by connecting local businesses to information and opportunities, supporting growth across industries and marketing Anchorage to the outside world. I look forward to continuing that work in the coming days, weeks, and months to rebuild our economy and our community.

Sincerely,

Bill Popp AEDC Board of Directors

Mike Huston, Northrim Bank 2021 AEDC Board Chair

Steve Noble, DOWL 2021 AEDC Board Vice Chair

Marty Bettis, Signature Flight Services 2021 AEDC Board Secretary/Treasurer

Marilyn Romano, Alaska Airlines 2021 AEDC Immediate Past Chair

Dave Cavitt, Alaska Furniture Enterprises 2021 AEDC Executive Committee At-Large Member

Peter Pounds, GCI Michelle Klouda, RIM Architects Laura Edmondson, Bering Straits Native Corporation Charles Grimm, BAC Transportation Jeff Davis, Providence Health & Services Alaska Garret Wong, Financial Advisor Walter Featherly, Calista Corporation David Karp, Saltchuk Ryan Strong, First National Bank Alaska

AEDC 2021 Investors

Diamond Investors

Platinum Investors Alaska Communications First National Bank Alaska Alaska Furniture Enterprises Hotel Captain Cook Alaska Public Media KeyBank Alaska Regional Hospital KTUU & CBS 5 Alaska USA Credit Union Leonardo DRS Calista Corporation Northern Air Cargo ConocoPhillips Providence Health & Services Alaska Denali Anesthesia TOTE Maritime DOWL Weidner Apartment Homes ENSTAR Natural Gas Company Wells Fargo

Gold Investors

Alaska Executive Search Hilcorp Alaska Growth Capital iHeartMedia Anchorage Community Development Authority KPB Architects AT&T Alaska Lynden Inc. BDO USA, LLP NANA Chugach Electric Association Signature Flight Support CIRI Stantec Cook Inlet Housing Authority Thompson & Company Public Relations Denali. A Division of Nuvision Credit Union University of Alaska FedEx Express Silver Investors Alaska Central Express, Inc. ORSO Alaska National Insurance Company Orthopedic Physicians Anchorage Alaska Native Business & Resource Directory Penco Properties Alaska Railroad Corporation Petrotechnical Resources of Alaska Aleut Corporation Quantum Spatial BAC Transportation Quintillion Bering Straits Native Corporation RIM Architects Birch Horton Bittner & Cherot SteamDot Calais Company, Inc. Superman Moving & Storage, LLCTDX Color Art Printing Corporation / Alaska Park Cook Inlet Tribal Council The Alaska Club Garret Wong, Financial Advisor Think Office, LLC Glacier BrewHouse Thomas, Head & Greisen, PC JL Properties, Inc. TrailerCraft

Bronze Investors

3M Chugach Alaska Corporation Norcoast Mechanical Advanced Supply Chain International, LLC Chugach Chocolates North Star Fire Protection, LLC Agnew Beck Consulting Chugiak-Eagle River Chamber of Commerce Northern Compass Group AIDEA Coastal Television Northern Economics, Inc. Akhiok-Kaguyak, Inc. Cook Inlet Tug and Barge Northern Handyman Services Alaska Air Carriers Association Copper River Seafoods, Inc. Northern Skies Federal Credit Union Alaska Architectural Lighting, Inc. Cornerstone Credit Services Old Harbor Native Corporation Alaska Business Monthly Cornerstone General Contractors, Inc. Opti Staffing Group Alaska Cargoport, LLC Covenant House Alaska Pacific Acquisitions LLC Alaska Glacier Products Credit Union 1 Pango Technology, Inc. Alaska Housing Finance Corporation Creekside Surgery Center Parker, Smith & Feek, Inc. Alaska Magazine Crowley Fuels LLC PDC Engineers Alaska Pacific Leasing CRW Engineering Group Petro 49, Inc./Petro Marine Services Alaska Permanent Capital Management Delta Western Pfeffer Development LLC Alaska Printing Inc. DenaliTEK Incorporated Princess Cruises Alaska Sales and Service Donlin Gold QIP Inc./Alaska Inc. Magazine Alaska Sausage and Seafood Eklutna, Inc. RE/MAX Dynamic Properties Alaska Small Business Development Center Enterprise Engineering, Inc. Reid Middleton, Inc. Alaska Waste Excel Construction Residential Mortgage, LLC Alaska Wildlife Conservation Center F.R. Bell & Associates, Inc. RISQ Consulting Alyeska Pipeline Service Company Fidelity Title Agency of Alaska Roger Hickel Contracting, Inc. Alyeska Resort Frampton & Opinsky, LLC Rosewood Coaching/Vistage Alyeska Title Guaranty Agency Gina Bosnakis & Associates RSA Engineering American Marine Corporation Herrington and Company, LLC Spawn Ideas, Inc. Anchorage Concert Association High Point Construction Spenard Builders Supply Anchorage Convention Centers-SMG Hilton Anchorage Stewart Title Anchorage Fracture & Orthopedic Clinic, PC Holland America Group Stoel Rives LLP Anchorage Marriott Downtown Holmes Weddle & Barcott PC. Summit Embroidery Works Anchorage Museum at Rasmuson Center Inlet Energy TDL Staffing Inc Anchorage Sand & Gravel Co. Int'l Union of Operating Engineers, Local 302 Tex R Us Applied Microsystems Jack White Real Estate The Chariot Group BBFM Engineers Inc. JW Industries The Foraker Group Bear Tooth TheatrePub KPMG The Insurance Center Better Business Bureau Kuna Engineering The STRIVE Group Bettisworth North Architects & Planners, Inc. Marsh & McLennan Agency LLC The Summit Group Real Estate Services Bond Filipenko Commercial Properties, LLC Matanuska Telephone Association The Superior Group, Inc. Bradison Management Group Matanuska Valley Federal Credit Union The Trust Land Office Brilliant Media Strategies Mellen Investment Company, LLC UAA College of Arts & Sciences Bristol Bay Native Corporation Merrill Lynch UAA College of Business & Public Policy C2 North, LLC Michael Baker International, Inc. Umialik Insurance Company Cadence General, LLC Mind Matters Research, LLC United Way of Anchorage Carlile Transportation NANA Management Services USI Insurance Services Carr & Family Properties, LLC National Cooperative Bank Visit Anchorage Chenega Corporation NECA – Alaska Chapter Western Enterprises, Inc. Chevron NeighborWorks Alaska Wilson Albers Nine Star Education & Employment Services Go to www.AEDCweb.com/JOIN to learn how your business can become an AEDC Investor PROGRAM 11:30 AM PROGRAM BEGINS

WELCOME BILL POPP, AEDC PRESIDENT & CEO

GCI & ALASKA AIRLINES GIVEAWAY

MICHAEL HUSTON, AEDC BOARD CHAIR

ACTING MAYOR, AUSTIN QUINN-DAVIDSON

ECONOMIC FORECAST BILL POPP, AEDC PRESIDENT & CEO

KEYNOTE ADDRESS GOV. MIKE DUNLEAVY

SEN. LISA MURKOWSKI

Q&A BILL POPP, AEDC PRESIDENT & CEO