Business

KDLG

ATC Specialists say they're "good to go" at the new tower, which offers better views of the approaches and weather.

Ever since Alaska became part of the United States the military has been a driver of the state’s economy. Some new research from the Alaska Department of Labor and Workforce Development shows that the military continues to be a significant economic driver in Alaska. KDLG’s Mike Mason has the details.

BBNA

The President and CEO of a major subsidiary of the Bristol Bay Native Corporation is retiring. Joe Terrell will retire at the end of the year as the head of the Bristol Alliance of Companies. BBNC has named Travis Woods as Terrell’s replacement. He previously led the Bristol Engineering Services Corporation. Joe Terrell joined the Bristol Alliance of Companies in 1996 and under his leadership, Bristol now includes 8 companies and over 300 employees.

Utilities provider for the Dillingham area says the modest price hike should help bring its margins back into the black.

One of the most anxiously awaited presentations during last week’s annual conference of the Resource Development Council of Alaska was given by a man who is considered one of the leading voices on the health of the Alaska economy. KDLG’s Mike Mason listened in and filed this report.

Double Digit Unemployment for Southwest Alaska

Nov 25, 2013

The Southwest region of Alaska posted double-digit unemployment numbers last month. Southwest is the only region in the state with double-digit unemployment. The October unemployment numbers from the Alaska Department of Labor and Workforce Development puts the unemployment rate for Southwest Alaska at 13.4-percent. That’s well above the 6-percent recorded in Southeast and in the Interior region. The Northern region posted an October unemployment rate of 8.8-percent and it was 7.1-percent in the Gulf Coast region. The Anchorage/Mat-Su region posted a 5.1-percent unemployment rate.

Lynden

One of the major barge companies that serves Western Alaska has been purchased by a major transportation company that serves Alaska and the Pacific Northwest. Back in April Lynden, which is a family of freight transportation companies, agreed to buy Northland Services for an undisclosed sum. The transaction is now complete.

A major supplier of ready-to-eat products has expanded a recall due to possible Listeria contamination. Reser’s Fine Foods is recalling ready-to-eat cold salads, coleslaws, baked beans, salsas, spreads, and dips that are marked with a use-by-date or best-by-date that is followed by the plant identifier code, 20. The Alaska Department of Environmental Conservation reports that recalled products were available in Alaska at retail stores and food service establishments. However, DEC notes that to date, no illnesses have been reported in Alaska.

BBNC Wins a Marketing Award

Oct 29, 2013
BBNC

The Bristol Bay Native Corporation has won an award for their current marketing campaign. The campaign includes television commercials that have been airing on stations across Alaska. KDLG’s Mike Mason has the story.

The value of the Alaska Permanent Fund has topped $48-billion dollars. The current value is a new record for the Fund. KDLG’s Mike Mason has the story.

Pioneer Natural Resources is getting out of the Alaska market. 

After more than a decade at $25, the popular online retailer is bumping its minimum purchase for free shipping to $35.

BBEDC Gives Over $194,000 Dollars to SAVEC

Oct 22, 2013

A new initiative to help train local Bristol Bay residents for jobs in the fisheries industry recently received a big financial boost from the Bristol Bay Economic Development Corporation. Last year the Bristol Bay Native Association received a grant of over $405-thousand dollars from the Federal Government to fund the “Bristol Bay Jobs Accelerator Project”. As part of the project BBNA is working with the Southwest Alaska Vocational and Education Center in King Salmon to build the capacity to train local residents for jobs in the seafood harvesting and processing sector.

The parent company of Northrim Bank is buying Alaska Bancshares Incorporated for over $14-million dollars. Northrim Bancorp made the announcement Tuesday noting that Alaska Pacific Bancshares will merge into a wholly-owned subsidiary and Alaska Pacific Bank will merge into Northrim Bank.

Everts Air Cargo Reduces Its Fuel Surcharge

Oct 21, 2013
Everts Air Cargo

An air cargo company that serves much of Southwest Alaska has reduced the fuel surcharge it charges customers for freight shipments. The previous fuel surcharge put in place by Everts Air Cargo was 28-percent. Effective Monday the surcharge was decreased to 26-percent. In a written statement the company notes that they will continue to monitor fuel prices and will only increase the fuel surcharge when absolutely necessary. Everts Air Cargo serves 13 communities across the state including Dillingham, Iliamna, King Salmon, Kotzebue, Unalakleet, and Anchorage.

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