Contents
Features
Distinguishing Differences in Financial Institutions
By Tracy Barbour
Distinguishing Differences in Financial Institutions
By Tracy Barbour
By Vanessa Orr
Building Alaska—Summer Edition
By Samantha Davenport
By Vanessa Orr
By Isaac Stone Simonelli
Environmental
Special Section
By Brad Joyal
‘Plans Are Nothing, Planning Is Everything’
By Amy Newman
By Sam Friedman
By Sam Friedman
About The Cover
Alaska houses a range of financial institutions: banks, credit unions, trust companies, mortgage loan originators or lenders, and more. All of these entities work under varying regulations, overseen by different state or federal agencies, but what they all have in common is their desire to help Alaska’s businesses find stability, pursue growth, or otherwise meet their financial goals.
A special thanks to First National Bank Alaska (serving Alaskans since 1922), which allowed us to use the lobby of its stunning U-Med Branch for our cover shoot. From left to right: Elaine Kroll, senior vice president of cash management; Sheila Lomboy, VP and loan officer; and Charles Parker, president and CEO of Alaska Village Initiatives and an FNBA customer.
Departments
From the Editor
t’s been quite a summer so far in Alaska. If you love the sun, this has been a stunning display from Mother Nature with record breaking temperatures that sent many of us running to the nearest body of water for a bit of relief. And what better segue to introduce our annual environmental special section than this super-sized summer. This year we’re featuring several articles focused on the manifold ways businesses throughout the state work to keep our environment pristine, including when and how to implement an environmental contingency plan; what a site assessment entails; and how scrap metal is reused and recycled. Of course we also give you all the information you need to get familiar with the state’s environmental companies in our annual directory.
Kathryn Mackenzie
Managing Editor, Alaska Business
Publishing Co. Anchorage, Alaska
Judy Patrick
Billie Martin
Toll Free: 1-800-770-4373
(907) 276-4373
www.akbizmag.com
Press releases: press@akbizmag.com
very day, new technologies emerge that are designed to make it easier for people to connect with the things they need, and healthcare is no exception. Today’s tech-savvy patients are using digital means to make appointments, check test results, remember to take medication, get answers to health-related questions, and more.
Healthcare facilities are also using updated technology to run offices and practices more smoothly, using artificial intelligence (AI) to ensure equipment remains up and running, and taking advantage of virtual training tools to provide staff with continuing education opportunities. And insurers are embracing new technologies to deliver a more positive customer experience.
here are thousands of financial institutions in Alaska, providing everything from checking and savings accounts to loans and investment solutions.
Banks and credit unions are among the most prominent financial services companies serving Alaskans. However, there are distinct differences—and similarities—between how these institutions function to meet the needs of businesses and consumers. And each one fills a particular role in the financial services marketplace.
The state’s diverse roster of financial institutions also includes specialized entities: trust companies, finance companies, money service businesses, mortgage lenders/loan originators, and payday lenders. All of these institutions give Alaskans more choices when it comes to satisfying their financial requirements.
ummer is in full swing, and Alaskans know what that means: construction season.
ISER’s Alaska Construction Spending Forecast 2019 projects that construction in Alaska will increase 10 percent compared to 2018—rising to approximately $7.2 billion. An estimated $200 million of that is traceable to damages from the 7.1 earthquake that rattled the state last November.
But other projects, planned long in advance, are still taking place this summer. Alaska Business has compiled a few of these projects from across the state.
Site Assessment
Surface soil sample collection.
Environmental Management Inc.
Site Assessment
Ravn Air Group
o two environmental site assessments are the same. Organizations and individuals request assessments because of specific needs unique to the circumstances of their particular project. Environmental site assessments are most commonly used to determine the risks of contaminants on a property, and some projects require a more thorough assessment to be completed due to the history of the site.
Environmental site assessments are generally requested during the early stages of a transaction process, as the involved parties typically view the assessment as a part of the “due diligence” period before the transaction is complete, so the majority of Phase I site assessments occur before a property changes ownership. If contamination risks are identified and need remediation, the site would require a Phase II site assessment to clean up the contaminants.
Contingency Plans
Shannon & Wilson
Contingency Plans
Shannon & Wilson
ccording to the Environmental Protection Agency (EPA), just one gallon of spilled oil can contaminate more than 1 million gallons of water, so it’s critical for companies that deal with these products on a daily basis—whether in their primary trade or secondary to their primary business—to take steps to prevent a spill or discharge and mitigate the damage should one occur.
Enter environmental contingency plans. These documents provide companies with a blueprint that 1) helps implement safety and containment measures to prevent and mitigate the effects of accidental spills and discharges and 2) outlines response and clean-up procedures should catastrophe strike.
Environmental
Directory
Environmental
Directory
Environmental
Directory
ENVIRONMENTAL
1-Call Alaska
Top Executive: Todd Duke, GM
Year Founded/Established in Alaska: 2015/2015
Worldwide/Alaska Employees: 20/20
www.1callalaska.com | Ops@1callalaska.com
Oil spill response. Environmental compliance services ship monitoring.
6231 Airpark Pl.,Anchorage, AK 99502
907-243-0069
3M Alaska
Top Executive: Stephanie Mathers, Reg. Mgr.
Year Founded/Established in Alaska: 1902/1971
Worldwide/Alaska Employees: 90,000/12
3M.com | innovation.3malaska@mmm.com
facebook.com/3M
3M manufactures a wide range of products covering many markets in Alaska. In the area of natural resources, we provide products and services that support the oil/gas and mining industries in worker safety, electrical, welding protection, and fire/corrosion protection.
11151 Calaska Cir., Anchorage, AK 99515
907-522-5200
Top Executive: Terry Schick, Dir. Business Dev.
Year Founded/Established in Alaska: 1976/1976
Worldwide/Alaska Employees: 49/49
abrinc.com | info@abrinc.com
facebook.com/abrincorporated
twitter.com/abrinc_ak
Known for objective, rigorous work, ABR’s unrivaled experts provide innovative, cost-effective solutions on wildlife science; wetland, vegetation, and landscape ecology; fisheries and aquatic sciences; marine science; statistics, GIS, and database management; and NEPA and permitting. We are GSA contractors.
PO Box 80410, Fairbanks, AK 99708
907-455-6777
AECOM
Top Executive: Bill Craig, Sr. Mgr./Office Lead
Year Founded/Established in Alaska: 1904/1948
Worldwide/Alaska Employees: 85,000/267
aecom.com
AECOM Alaska is a team of engineers, scientists, planners, and support staff providing Arctic-smart engineering and environmental services for the complete project life-cycle from permitting for air, water, soils, and solid waste to planning, design, and construction through production and site closure.
700 G St., Suite 500, Anchorage, AK 99501
907-562-3366
Ahtna Engineering Services
Top Executive: Timothy F. Gould, Pres.
Year Founded/Established in Alaska: 2003/2003
Worldwide/Alaska Employees: 103/46
ahtnaes.com
linkedin.com/company/ahtna-engineering-services
Ahtna Engineering Services is a self-performing federal and commercial contractor. The firm performs services nationwide including engineering, construction, environmental, administrative, and professional services. AES is positioned to support nationwide requirements with offices in Alaska, Washington, and California.
110 W. 38th Ave., Suite 200A, Anchorage, AK 99503
907-646-2969
Top Executive: Tim Finnigan, Pres.
Year Founded/Established in Alaska: 2010/2010
Worldwide/Alaska Employees: 175/57
aeiak.com
linkedin.com/company/ahtna-environmental-inc
Specializes in the execution of time-sensitive, complex, and multifaceted environmental, engineering, construction, and professional services projects for government and commercial clients.
110 W. 38th Ave., Suite 200B, Anchorage, AK 99503
907-644-0760
©Sam Friedman | Alaska Business
©Sam Friedman | Alaska Business
n the world of recycling, the line between trash and treasure moves with geography and the state of world markets.
Generally speaking, plastics tend toward the trash end of the spectrum, especially low-grade materials like the “clam shell” plastic boxes that Anchorage and many other towns across the United States recently began to throw away as they’ve lost value as recycled materials.
Used metals, on the other hand, usually have value. Sometimes they have enough value to warrant extensive processing work—even enough to inspire thieves to tear out copper wiring or vehicle catalytic converters to “recycle” them. That’s especially true for non-ferrous metals: metals that don’t contain iron. Non-ferrous metals include aluminum, copper, and even precious metals like gold, silver, and platinum.
n the world of recycling, the line between trash and treasure moves with geography and the state of world markets.
Generally speaking, plastics tend toward the trash end of the spectrum, especially low-grade materials like the “clam shell” plastic boxes that Anchorage and many other towns across the United States recently began to throw away as they’ve lost value as recycled materials.
Used metals, on the other hand, usually have value. Sometimes they have enough value to warrant extensive processing work—even enough to inspire thieves to tear out copper wiring or vehicle catalytic converters to “recycle” them. That’s especially true for non-ferrous metals: metals that don’t contain iron. Non-ferrous metals include aluminum, copper, and even precious metals like gold, silver, and platinum.
Lynden Transport
Lynden Transport
very day, thousands of items are shipped to and from Alaska, but some of them require a special kind of care. Temperature-controlled items, such as groceries, seafood, and pharmaceuticals, need to reach their destinations without being damaged, which not only requires specialized technology but also an expert understanding of how to best deliver “chill or frozen” cargo.
“Examples of chill freight are products such as dairy, eggs, meats, fruits, and vegetables, which often have a shorter shelf life, so it’s critical the supply chain runs effectively to transport these products to market,” explains Steve Hartmann, vice president of sales and marketing for Lynden Transport. “Frozen items are generally less time-sensitive and include things like ice cream, meats, pizzas, vegetables, and quick meal entrees—everything you’d find in the freezer section at the grocery store.
“Seafood is very important to Alaska and can be moved as either chill or frozen depending on the destination, packaging, and service level required,” he adds.
in Nanushuk
JonnyNoTrees / iStock
in Nanushuk
JonnyNoTrees / iStock
oth ConocoPhillips and Oil Search are optimistic about the potential of the Nanushuk Formation on the North Slope following the combined drilling of nine delineation wells over the winter in the Greater Willow and Pikka-Horseshoe units.
“Since taking on operatorship of the Alaska assets in early March 2018, we have gone from 3 to over 130 full-time team members and undertaken a two-rig, four-well exploration appraisal drilling program while continuing to advance the Pikka Development project,” Oil Search Alaska President Keiran Wulff says.
Green
©Javier Villasenor-Gaona | Chena Hot Springs Resort
Green
©Javier Villasenor-Gaona | Chena Hot Springs Resort
lone employee arrived in mid-February to turn on a furnace and grow lights in one of the northernmost commercial plant nurseries in North America.
Despite winter weather outside, within a few days it would warm to about 75˚F inside the greenhouse—the right temper-ature for starting begonia bulbs, followed by veggies such as leeks and onions—at The Plant Kingdom Greenhouse & Nursery, north of Fairbanks.
At Plant Kingdom, like other plant nurseries and vegetable farms around Alaska, greenhouses are essential for starting the growing season early to seize the opportunity of the long summer days during the short summer season.
laska doesn’t have any casinos, but for those bit by the gambling bug, casino resorts in the Pacific Northwest are just quick flight away. We have listed below just a few casino resort options in Washington and Oregon.
clearwatercasino.com
Little Creek Casino Resort in Shelton, Washington, is owned by the Squaxin Island Tribe. “Whether you’re ready to do some serious betting or simply indulge your playful side, you’ll find everything you need to get your game on,” the resort states. The par-72 championship Salish Cliffs Golf Club course is located on the property and has elevation changes of nearly 600 feet “surrounded by natural beauty and no homes.”
little-creek.com
9-11
inkmasterstattooexpo.com
17-19
anchoragerunfest.org
17-18
denalichamber.com
17-18
alyeskaresort.com
pdceng.com
Device pricing is determined by the model, specific condition, memory capacity, and value in the second-hand markets. Each phone is instantly and carefully evaluated using a unique machine vision system, electrical diagnostics, and artificial intelligence system all within the automated ecoATM kiosk.
ecoatm.com
Business Events
Dena’ina and Egan Centers, Anchorage: The annual KDD conference is the premier interdisciplinary conference bringing together researchers and practitioners from data science, data mining, knowledge discovery, large-scale data analytics, and big data. kdd.org/kdd2019/
Centennial Hall, Juneau: The Alaska Power Association’s 68th Annual Meeting and ARECA Insurance Exchange Annual Meeting, hosted by Alaska Electric Light & Power and Inside Passage Electric Cooperative, brings together APA’s statewide membership for three days of association business, general sessions, speakers, and networking. alaskapower.org
AOGA
Jackson Blackwell joined the Alaska Oil and Gas Association (AOGA) as an Intern. Blackwell is a 2017 graduate of Soldotna High School. Currently, he attends Boise State University, working toward a double major in economics and political science. As AOGA’s intern, Blackwell will conduct legal research, coordinate events, and assist with AOGA’s various initiatives to promote the long-term viability of the oil and gas industry.
ACDA
Anchorage Community Development Authority (ACDA) has named Demetric Tuggle as its new Parking Director. Tuggle, who brings more than twenty years of parking experience, will be in charge of managing ACDA’s parking division, EasyPark. Tuggle created and oversaw EasyPark’s Dispatch Center, Safety First, and the Amenities Program and will continue to focus on customer amenities and care.
At a Glance
What book is on your nightstand?
Our Iceberg Is Melting: Changing and Succeeding Under Any Conditions by John Kotter and Holger Rathgeber. It is the best (and shortest) read on implementing sustainable change in an organization.
What movie do you recommend to everyone?
Any movie with a woman as the super hero! Women do remarkable things every day; it’s nice to see we are playing roles that reflect that.
What’s the first thing you do after work?
Pet my dogs. They hear me coming and meet me at the door every evening.
If you couldn’t live in Alaska, where would you live?
Kauai, Hawaii.
If you could domesticate a wild animal, what animal would it be?
An eagle, but only if it doesn’t bite me [she laughs].
At a Glance
What book is on your nightstand?
Our Iceberg Is Melting: Changing and Succeeding Under Any Conditions by John Kotter and Holger Rathgeber. It is the best (and shortest) read on implementing sustainable change in an organization.
What movie do you recommend to everyone?
Any movie with a woman as the super hero! Women do remarkable things every day; it’s nice to see we are playing roles that reflect that.
What’s the first thing you do after work?
Pet my dogs. They hear me coming and meet me at the door every evening.
If you couldn’t live in Alaska, where would you live?
Kauai, Hawaii.
If you could domesticate a wild animal, what animal would it be?
An eagle, but only if it doesn’t bite me [she laughs].
Off the Cuff
hauna Hegna has been the president of Koniag, the Alaska Native regional corporation for the Kodiak Island area, since 2017. “Koniag realized a record year this year,” explains Hegna. “It’s amazing what can happen when humble, hardworking, and driven people are inspired by a shared vision.”
Alaska Business: What do you do in your free time?
Shauna Hegna: My family loves the outdoors. In the fall you can find us hunting near my village on Kodiak Island, in the winter we ski, and in the summer we fish and raft rivers all over Alaska.
AB: Is there a skill or talent you’ve always wanted to learn or are learning?
Hegna: I have always wanted to make my own snowfalling parka, a traditional Alutiiq ceremonial dress. One of these days I will sit down and get it done!
Alaska Trends
he Land of the Midnight Sun has a reputation for producing massive fruits and vegetables, but over the last few years more and more Alaskans have been looking for local options for every-day-portioned fruits, vegetables, and meats. Alaska’s agriculture industry has fluctuated since its boom during colonization in the Matanuska-Susitna Valley, but today is enjoying support from programs such as the $5/Week Challenge issued by the Division of Agriculture’s Alaska Grown Program, which encourages Alaskans to spend just $5 per week from June through October on Alaska produce.
The USDA National Agricultural Statistics Service conducts hundreds of surveys every year about the agriculture industry; we’ve selected some of the most up-to-date data about Alaska agriculture to present here.