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Michael Baker Corp.
Transcript
Alaska's
Resource Future...
Where are we going?
What's driving it?
Michael Baker Corporation
November 10, 2011
Alaska 2011:
What's
Happening?
- Unemployment 7.6%
YTD AVG
6.7% September 2011
- Employment up 6,356
thru Sept. 2011
Who's Up?
Oil & Gas 611 jobs
Mining 856 jobs
Health Care 1,667 jobs
*Thru Sept. 2011
Who's Down?
Federal Gov't 733 jobs
Local Gov't 533 jobs
(Local Education = 211)
Seafood Proc. 733 jobs
*Thru Sept. 2011
What's
Driving it Statewide?
Driving force:
Resource Development
Alaska's
Three - Legged
Stool
The outlook is not optimistic all projects are challenged by issues such as:
Everything Else
Oil, Gas & Mining
Government
- Tourism
- Fishing
- Etc...
- Oil & Gas
- Mining
- Permitting
- Litigation
- Critical Habitat
- Taxation
- Project Economics
- Commodity Prices
- Lack of Key Infrastructure
- Social Compacts
- Time
- State
- Federal
Total New Jobs in Oil & Gas and Mining
Looking
into the
FUTURE...
New Oil & Gas Jobs
Total New Investments
New Oil & Gas Investments
A cautionary tale...
- Alaska taxation MUST BE more competitive globally
- State & Federal permitting MUST BE improved to provide clear, consistent and timely permit decisions
- Significant change MUST BE made in litigation processes
- Alaska MUST adopt a more strategic approach to resource extraction & infrastructure development
- Alaskans MUST engage in clear dialog about the future of resource development
Steps to the Future
New Mining Jobs
DIVERSIFICATION
Film Industry
THANK YOU!
Film Tax Credit
AEDC's Vision:
Q&A?
For more info visit:
www.AEDCweb.com
Facebook.com/AEDCweb
Ask Bill!
Aerospace Development
LIVE. WORK. PLAY.
Kodiak Launch Complex
"The Other Cape"
New Mining Investments
By 2025, Anchorage is the #1 city in America to live, work and play.
Value Add Manufacturing
See how Anchorage ranks at AEDCweb.com
Let's do something with our natural resources
Telecommunications
New heights of connectivity
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