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About The Cover
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.
Highlights
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.
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Editorial
Tasha Anderson, Managing Editor
Scott Rhode, Senior Editor
Rindi White, Associate Editor
Emily Olsen, Editorial Assistant -
PRODUCTION
Monica Sterchi-Lowman, Art Director
Fulvia Caldei Lowe, Production Manager
Patricia Morales, Web Manager -
BUSINESS
Billie Martin, President
Jason Martin, VP & General Manager
James Barnhill, Accounting Manager -
Sales
Charles Bell, VP Sales & Marketing
907-257-2909 | cbell@akbizmag.comChelsea Diggs, Account Manager
907-257-2917 | chelsea@akbizmag.comWeston Giliam, Account Manager
907-257-2911 | wgiliam@akbizmag.comTiffany Whited, Marketing & Sales Specialist
907-257-2910 | tiffany@akbizmag.com -
Contact
akbizmag.com | 907-276-4373
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From the Editor
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.
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.
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together
Events | Concerts | Conferences | Conventions | Banquets | Meetings | Trade Shows | Weddings | In-house Catering | Equipment Technology
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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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.
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.
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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.
Ascendant
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.
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.
“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’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.
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.
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.
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.
Commercial Services | Government Construction | Government Services
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.
Anchorage, AK 99507
www.materialflow.com
Anchorage, AK 99508
Year Founded: 1859 Year Founded in AK: 1902
Employees Worldwide: 120,000 Employees in AK: 4,500
Utqiaġvik, AK 99723
Year Founded: 1972 Year Founded in AK: 1972
Employees Worldwide: 16,952 Employees in AK: 3,705
Anchorage, AK 99501
Year Founded: 1973 Year Founded in AK: 1973
Employees Worldwide: 7,700 Employees in AK: 3,653
Kotzebue, AK 99752
Year Founded: 1972 Year Founded in AK: 1972
Employees Worldwide: 15,048 Employees in AK: 3,122
Anchorage, AK 99508
Year Founded: 1982 Year Founded in AK: 1982
Employees Worldwide: 3,000 Employees in AK: 3,000
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.
The Meeting:
Regional Founders’ Day 2026
February 13-15, 2026
175 delegates
Estimated Economic Impact:
$155,416
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.
Porsha Grant, Vice President
Deanne Woodard, President
Tracy Poole, Corresponding Secretary
Loujester Fontenot, Member at Large (not pictured)
The Meeting:
Regional Founders’ Day 2026
February 13-15, 2026
175 delegates
Estimated Economic Impact:
$155,416
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
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.
Adobe Firefly
The Human Alignment Problem
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.
Have a project in mind? Visit cookinlettug.com
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.
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.
POLAR Project
Pumped thermal for long-duration energy storage
Westinghouse
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.
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?
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.
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.
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.
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.
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.
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.Alaska Trends
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.
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.
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.
Off the Cuff
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.”
- 3-Tier Alaska
- Airport Equipment Rentals
- Alaska Air Cargo - Alaska Airlines
- Alaska Chadux Network
- Alaska Mergers & Acquisitions, LLC
- Alaska Pacific University
- American Heart Association
- Anchorage Convention Centers
- ASTAC - Arctic Slope Telephone Assoc.
- Chugach Alaska Corporation
- Color Art Printing, Inc.
- Conrad-Houston Insurance Agency
- Construction Machinery Industrial
- Cook Inlet Tug & Barge Inc.
- Cornerstone Credit Services
- Craig Taylor Equipment
- Crowley Fuels
- Cruz Companies
- Davis Constructors & Engineers, Inc.
- Davis Wright Tremaine Llp
- Delta Constructors
- Denali Commercial
- Denali Universal Services
- Donlin Gold
- Equipment Source, Inc.
- First National Bank Alaska
- Freestone Capital Management
- Global Credit Union
- Greatland Studios
- Haskell Corporation
- Huna Totem Corporation
- IMA Financial Group
- JAG Alaska
- JD Steel Co Inc.
- JENNMAR
- Joint Base Elmendorf-Richardson
- Junior Achievement
- LONG Building Technologies
- Lynden
- Material Flow & Conveyor Systems, Inc.
- Matson Inc.
- Matsu Health Foundation
- NANA North
- NANA Regional Corp
- Nenana Heating Services, Inc.
- Northern Air Cargo
- Northern Air Cargo
- Northrim Bank
- Oxford Assaying & Refining Inc.
- PIP Marketing Signs Print
- Port Mackenzie
- Project Management Institute, Alaska
- Providence Alaska Medical Center
- Seward Fishing Club
- Sourdough Express, Inc.
- Span Alaska Transportation LLC
- Spenard Builders Supply
- Stellar Designs Inc.
- Structured Communication Systems
- SYSTEMCENTER Alaska
- The Odom Corporation
- The Wildbirch Hotel
- Three Bears Alaska
- Tongass Federal Credit Union
- Ukpeagvik Inupiat Corporation
- Umialik Insurance Company
- Visit Anchorage
From mechanics and drivers, to customer service and support teams, we are proud of the people who do this hard work every day.














































