Alaska's
Resource Future...
Where are we going? What's driving it?
APICC Annual Meeting
& Conference
November 1, 2011
Anchorage 2011:
What's
Happening?
YTD AVG
5.8% September 2011
Jobs 2011 vs. 2010
thru Sept. 2011
Who's Up?
Where are the jobs?
Anchorage Employment: 2011 vs. 2010
Healthcare 756 jobs
Anchorage Employment: September YTD 2011
September Year to Date
Prof. Bus. Services 300 jobs
Leisure & Hospitality 422 jobs
(Food & Drink = 311 jobs)
Oil, Gas, Mining
*Thru Sept. 2011
Manufacturing
Info.
Financial
Who's Down?
Federal Gov't 244 jobs
Local Gov't 111 jobs
(Local Education = 89)
Construction 178 jobs
*Thru Sept. 2011
NOTE:
- Building permits on the rise
- Forecasted at 5% from 2012 - 2014
What's
Driving it Statewide?
What's
Driving it Locally?
Ted Stevens Anchorage Int'l Airport
Cargo transit tonnage 0.5%
Passenger aircraft landings 5.1%
Building
Permit App.
*Thru 2nd Qtr 2011
Overall 44.9%
Commercial 106.1%
Residential 2.1%
Government 40.1%
Resource Development
Other
*2nd Qtr
Railroad tonnage 1.9%
Bed Tax Revenue 9.5%
Home Sales 8.5%
*2nd Qtr
Alaska's
Three - Legged
Stool
The outlook is not optimistic all projects are challenged by issues such as:
Resource Development
Everything Else
Government
- Permitting
- Litigation
- Critical Habitat
- Taxation
- Project Economics
- Commodity Prices
- Lack of Key Infrastructure
- Social Compacts
- Time
Total New Jobs in
Oil & Gas and Mining
Looking
into the
FUTURE...
Total New Investments
New Oil & Gas Jobs
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 resourse development
Steps to the Future
New Mining Jobs
DIVERSIFICATION
For more info visit:
www.AEDCweb.com
Facebook.com/AEDCweb
Q&A?
AEDC's Vision:
Ask Bill!
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.
Let's do something with our natural resources
New heights of connectivity