Economic Report 7-2018
In this Issue:
Still a deficit, and more to be done
Legislature takes big step in closing fiscal gap
Zinc prices drive up Red Dog Mine profits, and NANA royalties
Energy
Fairbanks EPA clean energy loans
Low water slows Southeast hydro
Report out from railbelt consultant
Energy projects in state budget
Economy
Consumer confidence ticks up
Infrastructure
$87.2 million in IT upgrades
Legislature snubs governor’s gas project
Alaska LNG soliciting investors, needs lawmakers’ permission
Business Intelligence
Air carriers lay on more passenger capacity for Interior
Tourism boosts Ketchikan’s sale tax revenue
Sealaska posts $43.3 million operating profit
Walker, mallott run again on independent ticket
Utqiagvik votes in a marijuana sales tax
Marijuana tax revenue reached $1 million in march; industry employs 536
Tara Sweeney moves toward senate confirmation for interior job
Alaska number two state in national park visitor spending
Homer votes on bonds for new facilities
More funds committed to help relocate coastal village
Cruise ships arrive in southeast; legislature approves new vessel docks
A super-sized cruise ships in Alaska this summer
Tour industry squabble sinks self-funded travel marketing
State picks 25 areas as “opportunity zones” for federal investment tax credits
Petroleum
ConocoPhillips profit climbs in 1Q
Hilcorp plans four new Inlet wells
Furie: New Inlet gas production
State: $700 million new slope work
Studies underway at Umiat in NPR-A
Another look at Susitna Basin potential
Minerals
Pebble gets one year state permit
Production steady at Red Dog
Fort Knox gold production is down
Mine development requires big bucks
Timber
Haines plans a timber sale
Fisheries
Togiak herring shing underway
Salmon campaigns: big bucks