WELCOME! 2008 WIN- PRSRT STD 2nd Quarter, 2009 NER TO OUR NEW INVESTORS: US Postage Excellence PAID in Economic Cook Inlet Housing Authority Anchorage, AK Development Permit #882 Specialty Products, Inc. AEDCconnections Award RENEWING INVESTORS: e Newsletter of Anchorage Economic Alaska 900 West Fifth Avenue, Suite 300 Communications Systems Development Anchorage, AK 99501 Corporation Alaska Interstate Construction, LLC (907) 258-3700 www.aedcweb.com Alaska Railroad Corporation Diamond Investor Spotlight Alyeska Resort WHAT’S INSIDE Brown Jug, Inc. Chevron Alaska page 1 Commodity Forwarders, Inc. Solid Waste Services: Solid Waste Services ConocoPhillips Alaska, Inc. Forum Identifi es Recyclable Eklutna, Inc. Business Developments Local Recycling Industry Keeps Resources in the Loop FedEx Express page 2 e Municipality of Anchorage’s Solid Waste Services (SWS) is working with the local Harman’s Repair Station recycling industry to identify and overcome barriers to manufacturing products from locally Hot Wire Electric, Inc. President’s Letter recovered feedstocks. SWS recently held a Recycling Business Development Forum with AEDC STAFF assistance from AEDC. e goal of the forum was to bring together potential stakeholders Hotel Captain Cook Study Reports Industrial Economic Snapshot involved in collecting, processing and manufacturing local recycled products as well as in Horizon Lines, LLC Bill Popp President & CEO page 3 creating and maintaining markets for these products. Hughes, Pfi ff ner, Gorski, Land in Short Supply Seedorf & Odsen ExxonMobil A strong local recycling/remanufacturing industry can provide 10–100 times the number of In December 2008 the Anchorage Eco- • Th e region can garner a stronger multi- Erin Ealum Kiewit Construction Company Business & Economic Mobilizes Rig jobs than landfi lling for the same amount of waste, and it can reduce our reliance on goods nomic Development Corporation and plier eff ect from major resource projects Development Director KPMG Municipality of Anchorage commenced and reduce the “bust” eff ect by taking shipped in from out of state. page 4 Linford of Alaska, Inc. a study to determine Anchorage’s need extra steps to accommodate and protect Ryan Makinster Four categories of materials were discussed at the forum: newspaper, glass, organics and MSI Communications for industrially zoned lands in the next labor intensive, high-value industrial uses Communications Expansion Brings 20 years. associated with metals fabrication, value- Director New Era for Museum construction & demolition (C&D) debris. ese are the primary materials that are currently Marsh USA added operations. used or could be reused locally. Other materials, including plastic containers, metals, paper, Conducted by the land economics McDowell Group, Inc. Amy Goodwin page 5 and electronics, are collected and shipped to markets outside of Alaska. consulting fi rm Economic & Planning • Vacant land located in the Anchorage Logistics Coordinator Pacifi c Tower Properties, Inc Systems, Inc. (EPS), the study includes Bowl is insuffi cient to meet regional New Stores Open at Forum participants identifi ed the growing incentive for LEED (Leadership in Energy and Pfeff er Development, LLC an in-depth examination as to whether industrial demand through 2030, even Tikahtnu Commons Allison M. M. Van Eck Environmental Design) certifi ed projects. Certifi cation of green building projects requires use the amount of land designated for assuming moderate growth in employ- Offi ce Manager Re/Max Properties, Inc. of recycled building materials and provides incentive to divert demolition and waste materials industrial use is adequate to accommo- ment. page 6 Rise Alaska, LLC date estimated levels of industrial activity to local recyclers and manufacturers. • If a higher employment growth rate Louis McGinty Totem Ocean over the next 20 years. Released in late Executive Assistant Anchorage Ranked Trailer Express, Inc. April, the fi nal report includes a set of occurs as a result of fl uctuations in oil Top Growth City SWS plans to continue to facilitate the ongoing dialogue within the recycling and manufac- prices, higher spending on infrastructure UAA, SBDC recommendations intended to inform turing communities to help build a strong recycling industry in Anchorage. e next industry ongoing consideration of land use policy. and mining projects in Alaska, or some page 7 other force, the demand for industrial meeting, hosted by Solid Waste Services, will be held on Tuesday, June 2, from noon to 2:00 Based on the supply and demand condi- land is likely to outstrip the supply of FedEx Expands Local Service p.m. at the Municipal Permit Center, 4700 Elmore Road in the Training Room. Please RSVP tions described in the report EPS recom- vacant industrial land, necessitating both to [email protected]. mends a comprehensive and coordinated the redevelopment of industrial parcels AEDC Receives Award approach to improve the industrial land and the conversion of some publicly supply in Anchorage. owned lands to industrial uses. page 8 Think twice before throwing newspaper in the trash. Not only is it A summary of key fi ndings includes: • Much of the current industrially zoned Study Reports Land recyclable, it is recyclable locally. Thermo-Kool of Alaska has been in Short Supply land in the Municipality of Anchorage in business for more than 30 years and produces blow-in cellulose • A strong industrial sector is vital to is constrained by poor soil conditions or insulation, hydro-seed and stable bedding. local economic health by providing parcel size and diffi cult to develop in an quality jobs, municipal revenue and economically feasible manner. Newspaper is not the only resource from the waste stream that supporting other important local indus- AEDC is a private nonpro t corporation (IRS code 501(c)(6)), can be used locally for product feedstock; organics (e.g., yard waste, tries. Anchorage will continue to have a • Redevelopment of underutilized land operating since 1987. It exists to encourage growth and diversity in food waste, horse manure), glass and construction & demolition resource and logistics-driven economy in plays a critical role in accommodating the Anchorage economy, promote industrial future demand in the Anchor- a favorable business climate and waste all have existing and/or potential local end products. the foreseeable future; it is necessary to improve the standard of living of age Bowl. Anchorage residents. Funding protect land to facilitate industrial devel- sources for the corporation are municipal and state grants, con- opment supporting these key industries. tracts, and private contributions. Download the full report at For permission to reproduce any www.AEDCweb.com. part of this newsletter, please call 8 (907) 258-3700. 1 ECONOMIC SNAPSHOT BOARD OF DIRECTORS TSAIA Cargo Transit EX-OFFICIO MEMBERS AEDC (thousand pounds), 4th Quarter LEGISLATORS 1,325,478 1,176,367 Fred Dyson 822,635 Senator, Alaska State Legislature Hollis French Senator, 2006 2007 2008 Alaska State Legislature • In the fourth quarter of 2008, 823 million pounds of cargo moved through Ted Stevens Harry Crawford Letter From the Anchorage International Airport, a 30.1 Representative, percent decline from the fourth quarter of 2007, and 37.9 percent below the fourth Alaska State Legislature quarter of 2006. President Craig Johnson Representative, Alaska State Legislature Total Building Permit Values New stores opening soon…Anchorage ranked top (million), 4th Quarter $133.2 MUNICIPALITY growth city…Hundreds of millions of dollars to be spent on $117.0 FedEx Express $85.5 new oil and gas project…International air cargo leader expands services in Alaska. Acting Mayor Matt Claman Municipality of Anchorage Expands Local Service Harriet Drummond Headlines from the days before the current recession? Actually, you’ll read these Assembly Member, stories about new investment and jobs in this edition of AEDC Connections. 2006 2007 2008 Municipality of Anchorage • Total building permit values equaled $85.5 Anchorage’s economy continues to run counter to the national recession with million for the fourth quarter of 2008, a Dan Coff ey decrease of 27.0 percent from the fourth Assembly Member, Alternate continued economic growth. quarter of 2007, and a drop of 35.8 percent Municipality of Anchorage from the same period in 2006. FedEx Express in February unveiled a new program for Alaska customers shipping Lost in the daily national media stories of economic disaster is the simple fact packages to the state capital. Priority overnight packages shipped in FedEx packaging APPOINTED BY THE BOARD that Anchorage continues to show strong jobs growth in 2009. Based on updated Quarterly Employment, 4th Quarter (overnight letters, packs, and courier boxes) from within Alaska are now delivered the statistics from the Alaska Department of Labor, 2008 may have actually ended Chris Anderson 151,100 next day in Juneau. Deputy Director, AIDEA with stronger growth than previously reported. 148,200 149,500 Elisha “Bear” Baker e new service is made possible through arrangements with local air carriers to pro- Interim Dean, College of Business and Public And, as hard as it may be to believe, preliminary numbers for the fi rst quarter vide expediting services that depart Anchorage at 3:00 a.m. Packages can be picked Policy, UAA 2009 show an average of 2,267 new jobs created in Anchorage compared to the up by couriers in Anchorage as late as 5:00 p.m. or dropped off at the customer service Mike Brady same period