April 2026
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United. Inspired.
Making advances
Construction Machinery Industrial and Epiroc
In the World – The best construction equipment technology.
In Alaska – The best sales and product support lineup.
In Your Corner – The Winning Team.

Surface Rigs – Underground Rigs – Drill bits – Steel

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Alvin Ott,
Fairbanks
Mining Sales
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Paul Larson,
Juneau
Mining Sales
Anchorage (800) 478-3822
Juneau (907) 802-4242
Fairbanks (907) 931-8808
Ketchikan (907) 247-2228
Construction Machinery Industrial logo
April 2026 | Volume 42 | Number 4 | akbizmag.com

Contents

Volunteers cook meals for Clare House
By Christi Foist
Credit Union 1 expands footprint and services
By Tracy Barbour
Say hello to Contango Silver & Gold
By Terri Marshall
How industry associations grow themselves and the economy
By Rachael Kvapil
Three new healthcare executives
By Vanessa Orr
Doing Good by Being Good: Disconnectedness
By Lincoln Garrick
Pumped thermal for long-duration energy storage
By Vanessa Orr
Three Alaska entrepreneurs share their manufacturing journeys
By Rindi White
Options for commercial occupancy
By Tracy Barbour
Local businesses respond to revival in analog photography
By Christi Foist
Christi Foist
Volunteers cook meals for Clare House
By Christi Foist
Credit Union 1 expands footprint and services
By Tracy Barbour
Say hello to Contango Silver & Gold
By Terri Marshall
Local businesses respond to revival in analog photography
By Christi Foist
Christi Foist
A man in a yellow jacket and black cap holds a black film canister at a stainless steel workstation. The counter features a film processor, and graduated cylinders are visible on a wire shelf above.
How industry associations grow themselves and the economy
By Rachael Kvapil
Three new healthcare executives
By Vanessa Orr
Doing Good by Being Good: Disconnectedness
By Lincoln Garrick
Pumped thermal for long-duration energy storage
By Vanessa Orr
Three Alaska entrepreneurs share their manufacturing journeys
By Rindi White
Options for commercial occupancy
By Tracy Barbour

About The Cover

It’s possible for an excellent employee to suddenly appear in an employer’s breakroom; it’s more likely that a skilled, motivated, and productive employee is grown through deliberate corporate actions and culture. For the 2026 Corporate 100, Alaska Business recognizes companies around the state that cultivate the workspaces in which Alaskan employees can learn, grow, and be an essential feature in Alaska’s economic landscape.

Thank you to the incredibly talented BDS Architects team, who designed their office and generously lent it to us as a backdrop for the cover photo.

Photo by Kerry Tasker | Cover Design by Monica Sterchi-Lowman
First National Bank Alaska logo

Where Traditions Shape Tomorrow

Alaska Native businesses like Goldbelt drive economic growth benefiting both shareholders and their communities. First National Bank Alaska delivers the One Solution — a comprehensive suite of financial tools — to help them succeed, all backed by the experience of Alaska’s largest community bank.

Discover how shared values fuel Goldbelt’s growth and relationship with First National Bank Alaska.
FNBAlaska.com
Shape Your Tomorrow
Member FDIC | NMLS #640297 | Equal Housing Lender
Discover how shared values fuel Goldbelt’s growth and relationship with First National Bank Alaska.
FNBAlaska.com
Shape Your Tomorrow
Member FDIC | NMLS #640297 | Equal Housing Lender
Alaska Business Logo
Volume 42, #4
Alaska Business (ISSN 8756-4092) is published monthly by Alaska Business Publishing Co., Inc. 501 W. Northern Lights Boulevard, Suite 100, Anchorage, Alaska 99503-2577; Telephone: (907) 276-4373. © 2026 Alaska Business Publishing Co. All rights reserved. No part of this publication may be reproduced without written permission from the publisher. Alaska Business accepts no responsibility for unsolicited materials; they will not be returned unless accompanied by a stamped, self addressed envelope. One-year subscription is $39.95 and includes twelve issues (print + digital) and the annual Power List. Single issues of the Power List are $15 each. Single issues of Alaska Business are $4.99 each; $5.99 for the July & October issues. Send subscription orders and address changes to circulation@akbizmag.com. To order back issues ($9.99 each including postage) visit simplecirc.com/back_issues/alaska-business.

From the Editor

W

hen I entered the Alaska workforce at the age of 17, I was in no way career minded. A family friend who had coached my youth volleyball team approached me with the opportunity for a summer job after I graduated from high school. Having no other plans to speak of, I agreed a job was a good way to occupy my time.

Similarly, when I graduated from college, I wasn’t looking for any specific work; I was looking for a paycheck that would ensure I could pay back my student loans. When Alaska Business hired me to work the front desk, all parties assumed it would last for a few years.

Shortly after I was hired, then-editor Susan Harrington set a story on my desk and asked me to edit it. I did a terrible job. I over-corrected editorial choices that were fine and completely failed to fact-check anything, really. I was, at the time, a good editor, but I had no idea how to edit for this publication.

NONPROFIT
A person in a grey t-shirt slides a large, foil-covered catering tray into a commercial-grade oven.
Christi Foist
Feed Others What You Would Feed Yourself
Volunteers cook meals for Clare House
By Christi Foist
W

hen I started occasionally cooking dinner for Clare House, a Catholic Social Services Alaska-run shelter for women and children in Anchorage, I usually had more of one ingredient than I could use up in even a potluck soup. From canned clams to mustard, salmon to bok choy, each ingredient called for a crowd to feed. Central Lutheran Church’s monthly commitment to cook a dinner for the sixty to seventy residents of Clare House provided the perfect solution.

Eventually these efforts stirred my own hunger. I wanted to know more about the citywide effort through which more than twenty churches and a few other groups provide mostly home-cooked meals for Clare House, 365 days a year.

Come
together

Your space for any occasion
outside of an event center
chicken dish with mushroom and asparagus topped with rosemary
large dining event set up inside an event center

Events | Concerts | Conferences | Conventions | Banquets | Meetings | Trade Shows | Weddings | In-house Catering | Equipment Technology

Anchorage Convention Centers
Dena'ina Civic and Convention Center logo
William A. Egan Civic & Convention Center logo
ASM Global logo in black and white
Best of Alaska Business 2023 logo
ASM Global is the world’s leading producer of entertainment experiences. It is the global leader in venue and event strategy and management – delivering locally tailored solutions and cutting-edge technologies to achieve maximum results for venue owners. The company’s elite venue network spans five continents, with a portfolio of more than 350 of the world’s most prestigious arenas, stadiums, convention, and exhibition centers, and performing arts venues.
finance
Out of Many, CU1
Credit Union 1 expands footprint and services
By Tracy Barbour
A stylized, light-colored background image featuring a large, disorganized pile of one-hundred-dollar bills.
ImageFlow | Adobe Stock
Out of Many, CU1
Credit Union 1 expands footprint and services
By Tracy Barbour
I

t’s an exciting time for Credit Union 1 (CU1). It’s already one of the largest credit unions in the state, and is the only state-chartered credit union in Alaska. Last year, CU1 announced its intent to merge with MAC Federal Credit Union (MAC). At the same time, CU1 is expanding its business account services and business lending options to better serve small businesses and entrepreneurs throughout the state.

The proposed merger promises to be a significant development in Alaska’s financial sector, as it will enhance how local communities access banking and business services. The merger process began last March and has progressed through careful planning, collaboration, and the shared vision of these member-owned institutions—both Alaska-grown credit unions founded in 1952. Now the merger is awaiting the blessing of state and federal regulators, according to CU1 President and CEO Mark Burgess.

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Alaska Business Power Profile
Cornerstone Credit Services LLC
Employee-owned merchant services and accounts receivable management provider with Alaska roots and national reach.
A professional group photo of the Cornerstone Credit Services team, featuring sixteen employees smiling and standing in an office hallway under a sign that partially reads "THE CORNERSTONE".
F

or more than twenty-five years, Cornerstone Credit Services has proudly been Alaska’s leader in accounts receivable management and merchant services, delivering consistent results while treating clients and consumers with the respect and professionalism they deserve.

Growth and Employee Ownership
Founded in 1999, Cornerstone quickly established itself as the go-to partner for medical service providers, hospitals, utilities, financial institutions, municipalities, and businesses of all sizes for third party collections. In 2001, it expanded into merchant services to provide businesses with reliable, hands-on payment processing solutions. In 2010, Cornerstone became fully employee-owned through an employee stock ownership plan. This change fostered a culture of personal investment, with every team member dedicated to the success of every client-whether they operate in Alaska or beyond.
Mining
Metal Melding
Say hello to Contango Silver & Gold
By Terri Marshall
Close up of a pile of rocks
Mishainik | Adobe Stock
Metal Melding
Say hello to Contango Silver & Gold
By Terri Marshall
A

company ramping up its gold activity in Alaska is merging with another precious metal producer to broaden its asset base. Contango ORE, headquartered in Fairbanks, and Dolly Varden Silver Corporation, based in British Columbia, recently announced their intent to merge, pursuant to a statutory plan of arrangement under the Business Corporations Act of British Columbia.

Structured as a merger of equals, the companies say combining would provide investors with exposure to a diversified portfolio of well-capitalized North American assets. These holdings include the cash-generating, high-grade Manh Choh gold mine near Tok and the Johnson Tract and Lucky Shot projects in Alaska, and, post-merger, several high-grade silver and gold projects in British Columbia, collectively called the Kitsault projects. The merger also plugs Dolly Varden Silver into the direct shipping ore (DSO) business model that Contango uses, which seeks high-grade ore that can be sent to mills without expensive concentration processes.

Donlin Gold logo
Growing Opportunity. Rooted in Respect.

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Alaska Business Business Profile
Freestone Capital Management
Local insight, national resources
Woman sitting at a conference table, wearing a black blazer and necklace.
F

or Founded in 1999, Freestone Capital Management offers comprehensive services to help Alaskans protect, grow, and transfer their wealth. As an independent, fee-only firm with more than $14 billion under management, Freestone draws on decades of expertise to guide clients through complex financial decisions. The firm’s advisors are supported by in-house estate planning, tax, and investment teams that collaborate to address clients’ distinct needs.

As a fiduciary, Freestone is legally obligated to act in its clients’ best interests. Thus, Freestone emphasizes long-term relationships and thoughtful advice—not products or transactions. “We take the time to understand our clients’ lives, values, and goals, and bring the right expertise to support them,” says Anchoragebased Jenny Doherty, CFP®, who grew up in Homer. With no state income or estate tax and some of the most trust-friendly laws in the country, Alaska offers opportunities for retirement planning, estate structuring, and multi-generational wealth transfer.

MEDIA & ARTS
Film
Ascendant
Local businesses respond to revival in analog photography
By Christi Foist
Christi Foist
W

hen an editor asked me to submit film-based photographs for a story of mine and the second roll came off the spool inside the camera, I faced what seemed like a classic problem. How could I salvage the film without exposing it to any light so I could mail the film—and not the whole camera—out of state for processing?

The solution—via a tip from local photographer Brian Adams—revealed an unexpected resurgence in film photography.

The Death Knell That Wasn’t
When Keller’s Custom Photolab in Anchorage’s Spenard neighborhood closed at the end of 2020, it seemed like the end of an era. A few months later, Costco followed suit, ending all in-store photo processing. Digital, it seemed, had killed film photography, leaving what few Anchorage stalwarts remained with almost no local options for developing and printing old-school pictures.
Nonprofit
Two men in a focused conversation at an outdoor community event with a blurred background of people and trees.
Alaska Manufacturing Association
Membership Matters
How industry associations grow themselves and the economy
By Rachael Kvapil
A

large membership base can significantly impact a professional organization’s success. Naturally, it’s no surprise that onboarding new members is a consistent goal among organizational leadership.

However, enlisting new members is more than just increasing numbers. New members often lead to new collaborations, new programs, or additional support for Alaska industries. They are also key to creating employment opportunities that will ultimately result in a sustainable Alaska economy.

Key Connections
Cari-Ann Carty, president and CEO of the Alaska Safety Alliance (ASA) and Alaska Workforce Alliance (AWA), is passionate about professional organizations like hers, a multi-industry association focused on workforce development.

“Our mission covers a lot of territory, both geographically and programmatically,” says Carty, “but this is the work that guides us every day.”

Professional organizations and trade associations exist to support, represent, and advance industry or specific career fields. How they accomplish their mission often depends on the needs of their membership. Determining these needs is a mix of quantitative and qualitative analysis.

Span Alaska logo featuring a bold blue wordmark next to a circular emblem with three curved white lines resembling a stylized road or river.
Blue banner graphic with white text reading “Navigating the Alaska Freight Market? It’s Time to Talk.”
For logistics professionals, now is a critical time. As you review your contracts and plan your shipping strategy for 2026, the question isn’t just about rates. It’s about creating custom solutions so you can serve your Alaska customers with faster, better, and more consistent service.
A white semi-truck hauling a blue shipping container labeled “Span Alaska” drives along a highway bordered by autumn trees, with tall, rugged mountains in the background.
Reach and Reliability

Span Alaska’s owned network of terminals and equipment provides direct access to ~80% of Alaska’s population. This infrastructure ensures reliable, flexible service with tight control over quality and transit times.

Single-Source Solutions

LTL, Chill and Freeze, Hazmat and oversized cargo? We handle it all, managing all modes of transportation—LTL, truckload, rail, ocean, and air—to provide a single chain of control for dispatch, shipping, tracking, and billing.

Destination Direct™

Our direct, non-stop routing from our West Coast Service Centers to key hubs in Alaska improves transit times, minimizes handling, and reduces the risk of damage.

First Mile to Final Mile

Leverage our logistics team to schedule pick up of your shipment from anywhere in the Lower 48 and schedule day-definite delivery throughout Alaska within our standard 1–2 days of vessel arrival.

Best of Alaska Business Cargo/Logistics Provider Foraker 2025. Gold medallion reading “Quest for Quality, Logistics Management” alongside black text stating “Gold Ranking, Western Region LTL Carrier.”
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David Cate, Director of Sales • 907-349-3606 • partner@spanalaska.comspanalaska.com
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OPPORTUNITY AWAITS
In 2025, UIC surpassed $1 billion in revenue and reached record profit, a milestone built on strategy, diversity, and discipline. Greater success for us means greater opportunities for our Iñupiat shareholders, Alaskans, and those who have built careers within the UIC Family of Companies.
join us. The journey is just beginning.
Ukpeagvik Inupiat Corporation logo
UIC CORPORATE | Arctic Operations & Development
Commercial Services | Government Construction | Government Services
Corporate 100
Cover of "Corporate 100," featuring a photo of four colleagues talking in an office kitchen
Adobe Stock
Tending the Corporate Garden
Alaska’s largest employers cultivate a thriving workforce
By Tasha Anderson
A

pril is rarely warm or snow-free enough for most Alaskans to expect to see budding green in the ground. But for those looking forward to long days, warm sun, and verdant garden plots, April is the right time to plan for Alaska’s short but powerful growing season.

Fortunately for some of Alaska’s largest corporations, planting the seeds for a vibrant workforce can be a year-round effort. Especially for those companies who see other growth in their future—higher revenue, additional locations, new subsidiaries, innovative products, diverse service lines—a skilled, robust bouquet of employees is essential.

Cultivating the right employees—whether guiding budding workers in entry-level positions or revitalizing transplants from other workplaces—can be a deciding factor on whether a company climbs to its goals or is left stunted in the shadows.

Material Flow and Conveyor Systems Inc.
Toll Free
877-868-3569
Phone
907-868-4725
Fax
907-868-4726
SALE ON MANY PRODUCTS USED/SURPLUS RACKING, CONVEYORS, CONV. BELTING, SHELVING, PLASTIC BINS, LIFTS, CASTERS & MUCH MORE.
6112 Petersburg St.
Anchorage, AK 99507
Visit Our Website:
www.materialflow.com
Corporate 100
2026 Corporate 100 title
Adobe Stock
1
Providence Alaska
Deborah Berini, CEO
3760 Piper St., Ste. 3035
Anchorage, AK 99508
907-212-3145
providence.org/alaska

Health & Wellness
Providence Health
Renton, WA
Healthcare provider serving Alaskans in six communities: Anchorage, Eagle River, Mat-Su, Kodiak Island, Seward, and Valdez. Providence Alaska includes Providence Alaska Medical Center, the state’s largest hospital.

Year Founded: 1859 Year Founded in AK: 1902
Employees Worldwide: 120,000 Employees in AK: 4,500

2
Arctic Slope Regional Corporation
Rex A. Rock Sr., Pres./CEO
PO Box 129
Utqiaġvik, AK 99723
907-852-8633
asrc.com

Native Corporation
ASRC is the largest business established and headquartered in Alaska and has five major business segments: government services, petroleum refining and marketing, energy support services, industrial services, and construction.

Year Founded: 1972 Year Founded in AK: 1972
Employees Worldwide: 16,952 Employees in AK: 3,705

3
Trident Seafoods Corporation
Joe Bundrant, CEO
717 K St., Ste. 100
Anchorage, AK 99501
206-783-3818
tridentseafoods.com

Seafood
Trident Seafoods is North America’s largest vertically integrated seafood harvesting and processing company. Trident is a privately held, 100 percent USA-owned company with an operating presence in ten countries and customers across nearly sixty global markets.

Year Founded: 1973 Year Founded in AK: 1973
Employees Worldwide: 7,700 Employees in AK: 3,653

4
NANA Regional Corporation
John Aġnaaqłuk Lincoln, Pres./CEO
PO Box 49
Kotzebue, AK 99752
907-442-3301
nana.com

Native Corporation
Resource development; land management; federal contracting; engineering and design; surveying and mapping; food and facilities management; camp services; security; industrial and commercial fabrication and installation; drilling services.

Year Founded: 1972 Year Founded in AK: 1972
Employees Worldwide: 15,048 Employees in AK: 3,122

5
Southcentral Foundation
April Kyle, Pres./CEO
4501 Diplomacy Dr.
Anchorage, AK 99508
907-729-4955
southcentralfoundation.com

Health & Wellness
Cook Inlet Region, Inc.
Anchorage, AK
Alaska Native-owned, nonprofit healthcare organization serving over 70,000 Alaska Native and American Indian people living in Anchorage, Matanuska-Susitna Borough, and fifty-five rural villages. SCF is home to the award-winning Nuka System of Care.

Year Founded: 1982 Year Founded in AK: 1982
Employees Worldwide: 3,000 Employees in AK: 3,000

powering alaska through leadership
Delta Constructors Logo
2026 Alaska Business Corporate 100
We’re a full-service construction and fabrication firm serving industrial clients of all sizes in the petroleum, gas processing and energy project sectors. Our strong leaders and skilled craftsmen work safely to overcome challenges and deliver exceptional finished projects.
Text graphic reading “Powering the Businesses That Power Alaska” with supporting copy describing Northrim’s statewide banking expertise and commitment to serving Alaska communities.
Northrim Bank logo
northrim.com | (907) 562-0062
Member FDIC logo
Huna Totem Corporation logo and Alaska Business Corporate 100 Awardee 2026 badge
For the benefit of our people. For the benefit of all people. typography
Hunatotem.com typography
Icy Strait Point, Klawock Island, Hunatek, Chugach Glacier Gateway, and Portage Glacier Cruises logos
Corporate 100
watercolor illustration of wooden planters with vegetables and greens
Alaska Business
Good Company
Alaska’s most common occupations
By Scott Rhode
E

ven on a slow early February day, Circular clothing boutique on Sixth Avenue in Downtown Anchorage is hopping with customers. Kim Stalder, the owner, attends each one personally. For regulars, she suggests bargains they might like; for first timers, she recommends a local tailor who can alter a garment. The name of the shop indicates Stalder’s ecological consciousness, and her clientele is willing to pay a premium for apparel that lasts a lifetime and won’t end up in the waste stream.

With only one paid associate, Stalder’s business might seem lonely, especially compared to the state’s largest companies with hundreds or thousands of workers on the payroll. Yet she is part of an army of retail salespersons, the single most common occupation in the state, according to the US Bureau of Labor Statistics (BLS).

Stalder isn’t surprised. “There are a lot of folks working at jobs like this,” she observes, whether selling clothes, shoes, furniture, cars, art, hunting and fishing gear, or whatever. A handful of the Corporate 100 have workforces made largely of retail salespersons, but most people in this category are scattered among small businesses like Circular.

Meet in Anchorage typography

The Meeting:

Alpha Kappa Alpha Sorority Inc. – Far Western Region
Regional Founders’ Day 2026

February 13-15, 2026

175 delegates

Estimated Economic Impact:
$155,416

Alpha Kappa Alpha, the oldest sorority established by African American women, convened in Anchorage for its first major regional conference since 2003. The idea to return to Anchorage began with President Deanne Woodard, and the executive committee – Porsha Grant, Tracy Poole, and Loujester Fontenot – guided plans from concept to completion.

Commemorating the 118th Founders’ Day, the celebration in Anchorage carried on the tradition of service and sisterhood while showcasing Alaska’s cultural richness, history, and landscape through Alaska Native storytelling, local artwork, and immersive experiences across Anchorage. More than a milestone gathering, the event made meaningful connections, strengthened bonds, and embraced Anchorage’s deep-rooted heritage and unforgettable natural beauty.

Meeting Champions (L-R):
Porsha Grant, Vice President
Deanne Woodard, President
Tracy Poole, Corresponding Secretary
Loujester Fontenot, Member at Large (not pictured)
Meet in Anchorage typography

The Meeting:

Alpha Kappa Alpha Sorority Inc. – Far Western Region
Regional Founders’ Day 2026

February 13-15, 2026

175 delegates

Estimated Economic Impact:
$155,416

Alpha Kappa Alpha, the oldest sorority established by African American women, convened in Anchorage for its first major regional conference since 2003. The idea to return to Anchorage began with President Deanne Woodard, and the executive committee – Porsha Grant, Tracy Poole, and Loujester Fontenot – guided plans from concept to completion.

Commemorating the 118th Founders’ Day, the celebration in Anchorage carried on the tradition of service and sisterhood while showcasing Alaska’s cultural richness, history, and landscape through Alaska Native storytelling, local artwork, and immersive experiences across Anchorage. More than a milestone gathering, the event made meaningful connections, strengthened bonds, and embraced Anchorage’s deep-rooted heritage and unforgettable natural beauty.

Meeting Champions (L-R):
Porsha Grant, Vice President
Deanne Woodard, President
Tracy Poole, Corresponding Secretary
Loujester Fontenot, Member at Large (not pictured)

Are you a member of an association?
Contact Visit Anchorage to bring your group to town:
meetings@anchorage.net | 907.276.4118

In Alaska, time is the most unforgiving variable. Preparedness has to work in real time.
For more than 30 years, Chadux has provided Alaska with unmatched oil spill prevention, compliance, and response services, built on a prevention focused, response ready foundation.
Alaska Chadux x Stars logo
Why Alaska Requires a Different Level of Preparedness, 32+ ecoregions across Alaska, 1.5m sq. miles monitored through STARS; Critical shipping corridors for: Pacific Rim trade, U.S. Arctic access, Bulk fuel & essential goods to remote communities; Response Hubs
Response Capabilities: 24/7 monitoring from Anchorage, 17 Response hubs in western & southcentral alaska, 60+ vessels of opportunity
Integrated data streams include:
AIS vessel tracking (satellite + terrestrial) Weather & sea state Ice conditions Sensitive habitats Ports of refuge GRS & critical infrastructure
Beyond Preparedness:
How Alaska Chadux Network’s Investments Are Defining Alaska’s Oil Spill Response Readiness
By Norman L. “Buddy” Custard, Captain, U.S. Coast Guard (Retired) President & Chief Executive Officer, Alaska Chadux Network
Corporate 100
A smiling man wearing headphones and a plaid shirt waves at his computer screen while sitting at a desk with a coffee mug
Impact Photography | Adode Stock
Improving Inclusivity
Recruiting and retaining employees with non-apparent disabilities
By Jamey Bradbury
U

nderutilized sources of labor could help alleviate Alaska’s staffing challenge.

Due to an aging workforce and an eleven-year streak of migration loss, the state is hurting for employees. According to the US Department of Labor, about 80 percent of Alaskans with no disability were employed in 2022.

Meanwhile, only 48 percent of Alaskans with disabilities were employed. Many highly capable Alaskans remain underemployed or excluded from the workforce—not because of lack of skill but because workplace cultures and systems haven’t been built with their needs in mind.

The rate of employment among individuals with non-apparent disabilities was even lower, at 38 percent. “Non-apparent disabilities” include a wide range of cognitive, neurological, behavioral, and chronic health conditions that aren’t immediately obvious to others. Autism, ADHD, traumatic brain injuries, mental health conditions, chronic pain, learning disabilities, and many long- and short-term health issues fall into this category.

Corporate 100

Adobe Firefly

The Human Alignment Problem

How AI speed quietly risks outcomes
By Woodrie Burich
W

e’ve seen a flurry of activity in generative AI over the past three years, from massive capital expenditure investments to technology stock whiplash on Wall Street. Every leader, consultant, and coach now seems to have an AI solution, yet reports show less than stellar outcomes. MIT’s “State of AI in Business” report for 2025 notes that approximately 95 percent of organizations are getting zero return on AI projects. This trend feels far too reminiscent of past digital transformation blunders.

Despite limited measurable success, AI expenditures continue to rise. Meanwhile, a white-collar recession continues, with Wall Street Journal headlines like “Job Hunters Are So Desperate That They’re Paying to Get Recruited,” all against the backdrop of a supposed agentic revolution in AI just over the horizon.
Davis Wright Tremain LLP logo
Trusted Counsel for Alaska Business
Industry-driven legal guidance for companies operating across Alaska and beyond.
dwt.com
Cook Inlet Tug & Barge logo
Experience That Delivers
With a legacy of dependable service and a deep understanding of Alaska’s waterways, we execute with purpose, safety, and skill.

Have a project in mind? Visit cookinlettug.com

(907) 248-0179
info@cookinlettug.com
Healthcare
Neo CEOs
Three new healthcare executives
By Vanessa Orr
T

hree new leaders have recently joined health systems throughout the state—Esther Pitts as president and CEO of Mat-Su Health Foundation; Mark Roberts as CEO of Alaska Regional Hospital; and Deborah Berini as CEO of Providence Alaska.

Berini arrived in February from the plains of Missouri. “We’re excited to drive the Alcan and to make Anchorage our home,” Berini says. “And I’m looking forward to joining Providence Alaska because of the unique alignment of mission, values, scale, and impact of this role.”

Berini is not entirely new to Alaska. Her partner grew up in Kenai, so she has made regular visits to the state.

leadership
Doing Good by Being Good: Disconnectedness
By Lincoln Garrick
A

s a business leader, you keep your attention on your competitors, the shifting market, brand sentiment, and regulatory shifts in your industry. However, your biggest operational risk might be the staff member sitting in the third row of your all-hands meeting who has stopped caring.

Welcome to the “Great Detachment”: a workforce too tired to quit but too checked out to contribute. High retention rates may feel like stability, but the reality is that many enterprises are experiencing a surge in organizational friction—a heavy, invisible drag in which trust has been replaced by performative busywork. This isn’t a communication issue; it is the result of a fundamental leadership trap—disconnectedness.

Energy

POLAR Project

Pumped thermal for long-duration energy storage

By Vanessa Orr

Westinghouse

A

laska’s electric utilities often use diesel as a back-up to generate power. The fuel sits in tanks, always ready, and it can be fired up in a matter of minutes. Yet there may be a better way to store energy when demand is high and supply is low: long-duration energy storage (LDES).

LDES enables utilities to store energy that can be discharged to minimize the frequency and length of power interruptions. While lithium-ion batteries can provide short-term power (4 to 8 hours) and pumped storage hydropower can provide 10-plus hours of energy, those solutions don’t always work in Alaska. Batteries and pumped hydro also have safety and siting issues—including the fact that water—the source for hydropower—freezes in the winter. As a result, utilities are looking for a new way to harness and store energy to be used as needed.

Manufacturing
Flight Path
Three Alaska entrepreneurs share their manufacturing journeys
By Rindi White
A playful wide-format photo of a woman in a black and white polka-dot apron, leaning on a metal counter against a vibrant pink background; She is holding two decorated cupcakes over her eyes like goggles, smiling behind them
Alchem Media LLC Photography
Flight Path
Three Alaska entrepreneurs share their manufacturing journeys
By Rindi White
M

anufacturing in Alaska is a different journey for every entrepreneur. In most cases, it involves seeing a need, determining how to fill that need, then gathering the support to lift it off the ground. But each step is governed by different decisions: what’s the right path for growth, what market makes the most sense for your product, and what constitutes success?

Preparing For Takeoff
Walter Combs, owner of Montis Corporation, is working on buildup. His Palmer-based company manufactures Montis Weather Observation Systems (MWOS), which he believes will revolutionize navigation—whether by air, water, or road.

The MWOS is a pole-mounted device that tells current weather, accompanied by pannable 360-degree cameras, refreshed every five seconds. Once in place, users can determine whether to allow the system to be publicly available or keep the data private.

REAL ESTATE
Build, Buy, or Lease?
Options for commercial occupancy
By Tracy Barbour
An architectural rendering of a modern commercial building for Titan Network Contracting, featuring black metal siding, wood accents, and lush landscaping with a water-feature monument sign. A snow-capped mountain is visible in the background.
Titan LLC
Build, Buy, or Lease?
Options for commercial occupancy
By Tracy Barbour
I

s it better to buy, build, or lease commercial property? It’s an important question because these options have vast discrepancies in costs as well as pros, cons, and other factors that business owners need to consider.

The current inventory of commercial real estate in Alaska—which ranges from office buildings and retail spaces to industrial properties, medical centers, hotels, and even large apartment complexes—is tight. This is especially true in Anchorage for industrial, warehouse, and well-located, service-type commercial properties, according to Manny Rodriguez, an associate broker with Jack White Commercial, which specializes in facilitating the purchase, sale, and lease of commercial properties.

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Brands That Go Dormant Get Forgotten
A

fter more than twenty-five years representing Alaska Business and partnering with companies across the state, I’ve watched marketing trends rise, fall, and reinvent themselves. Digital surges. Social shifts. Platforms come and go. But one principle has never changed: consistency in print advertising builds memory—and memory builds business.

In Alaska, where communities are tight-knit yet separated by vast geography, trusted publications still anchor decision-making. Alaska Business is more than a magazine; it’s a tangible touchpoint that connects leaders from Anchorage to Juneau, from Kodiak to the North Slope. Copies are dog-eared, shared between colleagues, tucked into briefcases, and revisited months later on coffee tables. Print lingers. It invites return engagement. It becomes familiar.

And familiarity is powerful.

The Safety Corner
Write It Down
Formalizing a health and safety program
By Sean Dewalt
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formalized health and safety program is crucial for any business. While many business owners believe it is only important for companies with a large number of employees or businesses with high hazard operations, the truth is that every company can benefit greatly from a formalized health and safety plan. It can reduce the total cost of risk, increase safety throughout the operations, aid in dropping your experience modification factor, improve regulatory compliance, and prevent injuries. Other benefits include increased productivity, employee engagement, and helping maintain a positive safety climate and culture. And it is not that hard to start.

The Drawing Board
The first step is to draw up a formalized safety plan. This plan will become the basis for your safety management system, which is a formal, top-down, bottom-up, organization-wide approach to managing safety risk and assuring the effectiveness of safety risk controls.
Inside Alaska Business
Alaska Growth Capital
Six Alaska Native entrepreneurs won business-boosting awards of up to $20,000 in the multi-region Alaska Marketplace business plan competition organized by Alaska Growth Capital in association with Arctic Slope Regional Corporation, Bristol Bay Native Corporation, and Aleut. Locked In Mobile Detailing and Burning Love Candles topped the Arctic Slope region; Camp Gibraltar near Kokhanok and K’s Cup Coffee Company in King Salmon were chosen for the Bristol Bay region; and Arlluk Charters in Chenega and Bering Home, an assisted living facility planned in Unalaska, won for the Aleut region.

alaskagrowth.com

The Side Quest
Games aren’t for sale, and coffee is limited, yet The Side Quest brings the board game café experience to Anchorage with a new shop near Midtown. Owner Chris Morlang was inspired by venues he saw while visiting South Korea. Guests borrow from his shelf of 250 games, pay a cover charge ($12 for adults, $6 for kids), and play at a table for as long as they wish. Morlang cuts the cover charge in half for customers who bring their own games. The shop on East 68th Avenue, near Putters Wild indoor minigolf, sells packaged snacks and drinks.

thesidequestak.com

This Alaska Business
Touring as a musician opened the door to audio and video production for Richard Cooper. By the late ‘90s, he committed to helping others make magic through pictures and sound. Now he owns Frostline Studios, a full-service digital production facility in Anchorage with world-class capability for commercial clients, local artists, and TV shows such as HBO’s True Detective and FOX’s The Great North.

Cooper built Frostline Studios into the only Dolby Atmos-certified facility in Alaska. Cooper notes that the installation of the very first Neve Genesys G3D 16-channel digitally controlled analog console last year shook out some tweaks that were implemented for the next customer, a little place called Abbey Road Studios in London.

Part 41 of an ongoing video series.

Right Moves
Assets, Inc.
Headshot photograph of Gina Bastian smiling
Bastian
A new Executive Director is taking the helm at an Anchorage-based nonprofit that supports adults with developmental disabilities or mental illness. Assets, Inc. selected Gina Bastian to oversee day-to-day operations while working on strategic growth. Bastian comes to Assets from the Alaska Division of Vocational Rehabilitation. She previously served on the Assets board.
The Wildbirch Hotel
Building upon its grand opening last summer, The Wildbirch Hotel in Downtown Anchorage welcomed two new members to its leadership team.

Alaska Trends

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laska Business launched the Corporate 100 list in 1993, but the early iteration was an unranked list of companies selected by an Alaska Business editorial board for their overall contributions to the Alaska economy, including considerations such as size of their workforce, community engagement, revenue, and economic activities. While the list was significant, it was also subjective.

In 2016, the Corporate 100 saw an overhaul: we added a ranking system based on the number of Alaskan employees and defined criteria for qualification (an Alaska business license and address; no government entities). That year, NANA Regional Corporation took the top spot on the list with 5,000 Alaskan employees, approximately one-third of its worldwide workforce of 15,000.

Providence Alaska, ranked #1 this year, has always been in the top five in the decade since we switched to a ranked list, and it has ranked #1 for seven consecutive years, demonstrating the healthcare provider’s massive influence on Alaska, even beyond providing healthcare services.

What book is currently on your nightstand?
The Firkin Saga: Brewing Up Entrepreneurial Adventures and Pioneering Tales with the Prince of Ales by David Bruce.

What charity or cause are you passionate about?
Child sports and arts… and I look at issues with drug use, alcohol addiction, and homelessness.

Dead or alive, who would you like to see perform live in concert?
The Grateful Dead.

What vacation spot is on your bucket list?
Mauritius.

If you could domesticate a wild animal, what animal would it be?
Snow leopard.

A candid outdoor shot of David McCarthy, a smiling man with dark hair, wearing a navy puffer jacket, grey trousers, and olive green fitness shoes kneeling in the snow to pet a large, white Golden Retriever; The background shows a snowy landscape with distant evergreen trees under a mostly overcast cloudy sky
What book is currently on your nightstand?
The Firkin Saga: Brewing Up Entrepreneurial Adventures and Pioneering Tales with the Prince of Ales by David Bruce.

What charity or cause are you passionate about?
Child sports and arts… and I look at issues with drug use, alcohol addiction, and homelessness.

Dead or alive, who would you like to see perform live in concert?
The Grateful Dead.

What vacation spot is on your bucket list?
Mauritius.

If you could domesticate a wild animal, what animal would it be?
Snow leopard.

Photos by Kerry Tasker

Off the Cuff

David McCarthy
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ack in the day, Wieboldt’s department store in Chicago had a resident chef, and David McCarthy’s Irish grandmother held the job. Her example, further catalyzed by a gig at a sports bar near Wrigley Field while studying architecture, inspired McCarthy to make hospitality his career. He earned degrees in French culinary arts in Chicago and brewing in Germany. A love of mountains drew him to Denali Park, where he set up eateries. “I was working in a dream bucket location for a global audience,” he observes.

As CEO of Northern Hospitality Group, McCarthy oversees 49th State Brewing and its sister companies. He states, “My goal in life is to make hospitality a noble career choice.”

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Best of Alaska Business | Cargo/Logistics Provider Denali 2025 badge
Top 49ers 2025 badge

For more information, call us at 1-888-596-3361 or visit our website at lynden.com

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