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Contents
Features
Dark Horse on the Homestretch
Mustang places Finnex among North Slope producers
Connectivity Lifelines
Supporting communications when emergencies strike
Trash Is Cash
The vital support of waste hauling services
Alaska’s Economic Outlook
Forecasting 2025
Dark Horse on the Homestretch
Mustang places Finnex among North Slope producers
Connectivity Lifelines
Supporting communications when emergencies strike
Trash Is Cash
The vital support of waste hauling services
Quick Reads
About The Cover
First National Bank Alaska Board Chair, CEO, and President Betsy Lawer graces the cover of our 40th anniversary issue, referencing (though not exactly recreating) our very first cover, which featured her father, Dan Cuddy, who was First National’s board chair and president at the time. Lawer is celebrating her own professional milestone: fifty years of working for the bank that she now leads. Father and daughter have a lot in common: a dedication to community, a passion for investing in employees, a policy of honesty and transparency—and they have both been inducted into the Junior Achievement Hall of Fame (in 1993 and 2007, respectively), which will celebrate its 40th anniversary in 2028.
Photography by Amber Johnson
About The Cover
Photography by Amber Johnson
Local plants and specialized bacteria restore contaminated soil
Local plants and specialized bacteria restore contaminated soil
Intrinsyx Environmental
Volume 41, #1
Billie Martin
press@akbizmag.com
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Alaska Business
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From the Editor
t’s not meaningful, but it is a fun coincidence that Alaska Business Publishing Co. was organized as a company the year I was born, in 1984. It may shock you that I was not a part of that initial process, but it’s true: it took me a few years to find my way here (after learning to walk and read and various other life skills).
But the first issue of Alaska Business (then Alaska Business Monthly) was published in January 1985, which means this month marks our 40th anniversary of publishing. We’ve already started celebrating the occasion, referencing (though not replicating) our original cover: Betsy Lawer, First National Bank Alaska board chair, CEO, and president, struck a pose similar to her father, Dan Cuddy, who graced that inaugural 1985 cover when he was the bank’s board chair and president.
Economic Outlook
hile no one can truly predict the future, the Alaska Department of Revenue does its best. About a year ago, the department’s Tax Division prepared the Spring 2024 report on income sources, a barometer of broad economic activity for Fiscal Year 2025 (FY2025) mainly based on crude oil prices and production volume. The report anticipated North Slope production of 467,600 barrels per day in FY2024 and 476,800 barrels per day in FY2025. Beyond FY2025, production is forecast to gradually increase to 641,100 barrels per day by FY2034.
Beyond that news, the biggest surprise for revenue forecasters is, as always, oil prices driven by global markets. “Obviously, the oil prices are not what they were a couple of years ago,” says Dan Stickel, chief economist for the Department of Revenue. “However, the oil and gas industry continues to be innovative in utilizing new technologies in driving their operating costs down. Current oil prices are at a level where new projects can be economic.”
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- Perform better academically,
- Earn 20 percent higher incomes,
- Are more likely to become entrepreneurs (143% more likely),
- Enjoy higher graduation rates,
- Feel more prepared to make career choices, and
- Experience greater social mobility.
Perhaps more importantly, JA endeavors to help kids understand the connection between personal responsibility, hard work, perseverance, and success—lessons that have never been more relevant.
JA continues to innovate to continue our important work. We have expanded our suite of program offerings in Alaska, launching new virtual programs that ensure all students can tap into our invaluable resources, regardless of their location.
Just in the 2024–2025 school year alone, 20,000 students will benefit from our programs, and the demand continues to grow.
If you haven’t already done so, please support the Alaska Business Hall of Fame by buying a ticket or sponsoring a table for your company. The stories from the laureates are incredible, and you get to hear from students currently engaged with JA of Alaska about what JA has taught them. This is our largest event of the year—and a true celebration of business in Alaska.
The support from our community partners, donors, school districts, and volunteers has been instrumental in this journey. Together, we are shaping a brighter future for Alaska by ensuring the next generation is equipped with the skillset and the mindset to build a thriving future for our state.
n 1987 Alaska Business partnered with Junior Achievement (JA) of Alaska to launch the Alaska Business Hall of Fame, and the two organizations have continued honoring inductees annually. The March 1987 issue of Alaska Business featured the first JA special section, which opened with a letter from then-JA of Alaska Executive Director Tom Otway, who explained the program’s origin: “The Alaska Business Hall of Fame program grew out of the National Business Hall of Fame, in which Junior Achievement and Fortune magazine recognize the outstanding contributions of business leaders nationwide to the vitality of the free enterprise system… The Hall of Fame program recognizes the link between the education of today’s young people and the accomplishments of these pioneers in the growth of Alaskan business. Alaska is assured continued business growth as its youth, strengthened with economic education and business role models, become tomorrow’s pioneers of free enterprise.”
The Alaska Business Hall of Fame celebrates longstanding partnerships of nonprofits, media organizations, and the business community working to educate and prepare our youth, strengthening our workforce and economy as they excel.
As Alaska Business looks back over forty years of publication, we are proud of our role in connecting businesses and business leaders with nonprofits like JA of Alaska to the benefit of, well, just about everyone.
our Alaska business leaders join the Alaska Business Hall of Fame at the annual Junior Achievement (JA) of Alaska celebration in January. Laureates Linda Leary, Joe Schierhorn, Ralph Seekins, and (posthumously) the late US Representative Don Young form the class of 2025. The hall of fame honors business leaders for their support of Alaska’s economic success and for commitment to JA programs.
“I kind of fell into the transportation business,” she admits. Leary moved to Alaska immediately after college, seeking business opportunities. She found her place at Carlile when it was still a small company.
“Eight guys were driving trucks all day, and I was answering the phones, invoicing, doing whatever to get things going,” she recalls. Leary did sales, too, as the company grew. She earned a master’s degree in supply chain management from UAA and was president of Carlile by the time it was sold to Seattle-based transport conglomerate Saltchuk in 2013.
Anchorage, AK 99507
www.materialflow.com
Chairman Joe Schierhorn
You’ve set the example for prioritizing Superior Customer First Service and building long-term relationships throughout the business community — inspiring all of us at the Bank.
We applaud your community impact and stewardship of Alaska’s economy.
unior Achievement’s (JA) mission is to inspire and prepare young people to succeed in a global economy—but they can’t do it alone. It takes the efforts of a wide range of people, from corporate employees and entrepreneurs to educators and volunteers to provide the kind of education students need to excel in today’s world. Each year, JA of Alaska recognizes the exceptional efforts of an educator and volunteer.
“The financial literacy piece of JA is very important to me, so I take any opportunity I can to support Junior Achievement in the schools where I work,” she explains. “In my new position as senior director of elementary education, my impact may be even greater.”
had Junior Achievement (JA) during JA in a Day at Wendler Middle School. I had not had JA before, and I didn’t know what to expect. My volunteer was Bree Brophy Bieber from First Rate Financial. This was the first time an adult other than my mom had talked to me about money.
Our JA volunteer told us that every day they see people buying their dream homes and that we can have any type of house that we want to someday, but that it’s really important to start saving money now and to pay attention to my credit score. They encouraged us to think about ways that we earn money and save money.
At home I don’t receive allowance for chores; that is just part of living in my mom’s house. In the future, I want to have a big house with a big room just for painting, a room for my mom that has a big closet, and a room for my sister. My mom said it is going to take some time before I need my own house, so to practice, she asked me to start saving money so I can buy some new art supplies.
y experience with Junior Achievement started in elementary school, where volunteers would come to my class and teach about finances—all subjects that would help later in life. I learned about the difference between needs and wants, how to earn money, different kinds of money (debit, credit, checks, cash), and entrepreneurship. These were some of the most memorable days I had in elementary school, as they were not only fun and engaging but also something I knew I would be using in my adult life. It made me feel a little more grown up, or at least as grown up as a ten-year-old could be.
Fast forward a few years later. Nearing the end of middle school, I had an opportunity to use these skills that I had gained. In 2021, still amidst the overbearing pandemic when hanging out with friends wasn’t as easy as it once was, I wanted a computer. Not just any computer, but one that was higher end. What was the problem? Well, computers cost money, and I didn’t exactly have a lot of spare cash in 8th grade. I had already saved $200 from my birthday and Christmas from the previous year, but unfortunately that reached only one-sixth of the total cost. The computer I wanted was a hefty $1,300. At a time when computer parts costs were rocketing due to shortages, it’s fair to say that, even as someone who had never had a job, I knew that this was little more than pocket change.
am excited to share the remarkable impact that Junior Achievement (JA) has had over its fifty-plus year history in Alaska, as told by alumni from the program. JA has consistently empowered young people in our community through proven programs on financial literacy, entrepreneurship, and workforce readiness… and it works. In their own words:
Beach Tribe Soda Works
After a couple of JA meetings, a small group of us started our business. The first project we brainstormed was to sell Christmas trees. We researched tree farms and talked to each farm about minimum orders and how much money we would have to come up with up front. We asked how soon we would need to pay for the trees in full. We talked a few of our parents into loaning us some money to get started. And after we studied the logistics, we placed the order. We were all there to meet the semi in our high school parking lot, and we proceeded to sell all those Christmas trees for a hefty profit.
n the race to be the newest North Slope unit to put oil into the Trans Alaska Pipeline System, Santos and ConocoPhillips look like golden picks, with their developments at Pikka and the Willow project in the Bear Tooth Unit, respectively. But they’ll have to take silver and bronze to the Southern Miluveach Unit, starting production this winter.
The unit, situated between Pikka and ConocoPhillips’ Kuparuk River Unit, is the site of the Mustang project. Compared to the 80,000 barrel per day production forecast from Pikka, Mustang is expected to be smaller, more on the scale of the Nuna project that ConocoPhillips is adding to Kuparuk River.
“Mustang production may reach 10,000 to 15,000 barrels a day when it is fully developed,” says Harry Bockmeulen, COO of Finnex, a subsidiary formed by Texas-based Thyssen Petroleum to develop its Alaska holdings.
Proximity to the Alpine pipeline helped the economics of the Mustang project, even at relatively low projected volume. Based on seismic surveys from 2008, recoverable reserves at Mustang were estimated at 10 million to 40 million barrels. That gives the project a production life of up to thirty years. That life starts now.
or two weeks last August, Sitka’s internet went dark. A fiber optic cable on the floor of Salisbury Sound failed, and it took sixteen days to repair. A survey by the Sitka Economic Development Association found that businesses reported losing transactions worth thousands of dollars each day. Nearly one-third of respondents said they switched from GCI to a satellite-based service because of the disruption. It was the second time in eight years that Sitka’s only broadband cable broke.
Satellite internet also received a boost last year when communities along the Arctic Ocean lost their broadband connections. Sea ice scouring along the seabed cut Quintillion’s cable northwest of Prudhoe Bay. Until a repair vessel was able to splice the damage, the region’s data pipeline was severed for more than two months.
These are the types of emergencies that put telecommunications companies’ contingency plans to the test. “In both cases, we were able to restore internet service to our customers within a few days by deploying satellite solutions that leverage GEO and LEO stations,” says Tony Dodge, vice president of network planning at Alaska Communications. GEO refers to geostationary equatorial orbit, and LEO is the broader category of low-Earth orbit, a region that has been packed in the last five years with more than 7,000 satellites launched by Starlink, a subsidiary of SpaceX.
Call: (907) 248-0179
Email: info@cookinlettug.com
Call: (907) 248-0179
Email: info@cookinlettug.com
Trash Is Cash
The vital support of waste hauling services
azardous materials removal jobs are booming. The Alaska Department of Labor and Workforce Development forecasts only one other occupation will increase more by 2032, namely “Extraction Workers” in the mining and oil and gas industries.
Both occupations go hand in hand, according to John Scoresby, territory sales executive for Republic Services in Anchorage. “Anytime you open a new mine, there’s a lot more demand for environmental work,” he observes, noting the parallel growth with North Slope activity too.
The occupational forecast backs up Scoresby’s guess. The next three highest-growth jobs by 2032 are welders, geologic technicians, and underground mining machine operators.
Increased investment in the extraction industries is also driving a surge in construction—and there, too, waste removal is an allied trade. Every construction site has a bin for collecting debris, and hauling it away is somebody’s job.
ndustrial activity stands on a solid foundation of support services. As a literal example, the engineered roadbed of the Dalton Highway bears the weight of the transport fleet that feeds, fuels, and facilitates North Slope activity. Upon the soil grow poplar trees, which become a tool for environmental remediation when inoculated with endophytic bacteria.
Scientists aren’t just cleaning up at the end of the industrial life cycle; laboratories are at the threshold for workers entering occupations that involve heavy machinery operation. Drug testing need not be an obstacle, though, as new rules streamline the process. Once hired, team members don uniforms supplied and maintained by commercial laundry services, capped off (in some cases) by helmets supplied by safety equipment dealers.
Support services wrap around industrial workers from toe to top.
ringing the first barrels of North Slope crude oil to market in the ‘70s required the construction of not one but two economic lifelines. The flashiest, glinting where sunlight reflects from its steel curves, is the Trans Alaska Pipeline System (TAPS). But building TAPS and the facilities to bring oil to the surface at Prudhoe Bay required 414 miles of cross-country road first.
Construction of the haul road began in 1969, but delays in TAPS construction meant that work didn’t resume until 1974. The remaining 390 miles of road were completed in a five-month flurry. Pipeline construction soon followed, and the activity of truckers hauling equipment up the road was nearly constant. Teamsters reportedly could make between $7,000 and $10,000 per month (between $40,000 and $65,000 today) if they were willing to brave the nascent road’s dangerous conditions.
ntrinsyx Environmental is transforming contaminated landscapes with endophyte assisted phytoremediation techniques. By creating dense stands of trees and grasses that are tirelessly working to decontaminate soil and water, endophyte assisted phytoremediation techniques can bring a contaminated site to life by increasing soil stabilization and water infiltration, improving soil fertility, and supporting the return of wildlife. This method brings together the power of plants and pollution-consuming bacteria to create living, self-sustaining systems that restore soil and water quality naturally.
How? Endophyte bacteria that live inside plants break down pollutants and boost plant resilience in harsh, contaminated environments. These endophyte bacteria provide incredible advantages: they can digest a range of toxic substances and help plants thrive where they’d otherwise struggle. Projects using these bacteria can target an extensive range of contaminants using native plant species, making the approach adaptable to most ecosystems or climates.
laska employers with a drug and alcohol testing policy now have one more legally protected collection method available. Last July, Governor Mike Dunleavy signed Senate Bill 196 (SB196), which amended Alaska’s employer drug and alcohol testing, or “safe harbor,” law to include oral swab, or saliva, testing alongside urine and breath testing as permissible collection methods. The amendment went into effect on October 28, 2024.
The Alaska Power Association (APA), a statewide trade association representing Alaska’s electric utility companies, spearheaded the legislation, says Deputy Director Michael Rovito. Senators Click Bishop and Jesse Bjorkman worked together on the bill, which was ultimately sponsored by the entire Senate Labor and Commerce Committee.
“For us, we saw it as an advantageous change that would help with our members who want to implement this sort of drug testing and help them have protection under the existing law,” Rovito says. “Support was widespread, and the APA was happy to carry the bill and push it forward. Overall, it’s a win/win for Alaska.”
hen snow piles up on rooftops, shoveling is a prudent choice for the safety of the roof. For the safety of the shoveler, there’s fall protection equipment.
“Our fall protection products are all over the board,” says Clint VanNoy, president of Alaska Safety, an industrial supplier with locations in Anchorage and Wasilla. “We have roof anchoring systems, self-retracting lifelines, and more. We also stock a variety of slip protection items for shoes, including ice cleats.”
Roof shoveling, with the proper gear, need not be any more dangerous than the next job. And there’s gear available to mitigate the dangers of the next job, too. Personal safety equipment needs vary depending on the location and the task, but whatever Alaskans are doing in their professional lives or private lives, safety suppliers have the equipment they need to stay safe while getting the job done.
ash, rinse, repeat” doesn’t fully capture the unsung support that commercial laundry and linen services provide to healthcare, hospitality, and other industries around Alaska. These aren’t just laundromats. Large facilities like Snow White Linen can collect dirty linens, sort them for processing, and deliver clean, fresh products in a timely manner.
“It’s the difference between a construction worker with a pickup truck and a toolbox versus a construction company that builds skyscrapers,” says Scott Woodland, CEO and owner of Snow White Linen Supply and The Laundry Group. “They both work in the construction industry but on different scales.”
ack was offered a management role after several years as a star individual contributor. He loved the company and his work and was excited to lead a team of five.
However, one year later, he received a poor performance review. He got feedback that he wasn’t following through on commitments, was missing deadlines, and wasn’t responding to important emails.
He knew the feedback was accurate but felt defensive because he was working harder than ever. He routinely worked in the evening and even squeezed in a few hours on Saturday mornings. He had given up going to the gym and could tell his pants were getting tighter. He wondered if it was all worth it.
Jack had entered the management death spiral.
“Our competition is all multinational corporations,” says founder and CEO Del Salyer, who got his start as a salesman. “We have some advantage here, in that we’re local and we have a warehouse with inventory readily available.”
Delicate handling is a specialty, and the team takes pride in supporting healthcare services in remote communities. Blood tests are a big seller, yet Alaska Scientific also supplies researchers studying Arctic methane with an eye toward understanding Saturn’s moon Titan.
Part 26 of an ongoing video series.
Alaska Trends
ad news first: the number of reporters and journalists employed in Alaska is expected to shrink by 19 percent by 2032. Admittedly, this news hits more closely for the editorial team here at Alaska Business than for most readers, who can find more uplifting statistics in the Alaska Department of Labor and Workforce Development’s ten-year occupational forecast.
For instance, the report anticipates a 38 percent surge in oil and gas employment to 9,718 jobs by 2032, just 5 percent shy of the industry’s peak in 2019. Each year, the state will see approximately 2,210 new jobs due to growth, plus 37,000 annual openings from the regular churn of workers leaving positions.
The department’s Research and Analysis Section creates the ten-year projection every other year based on a quarterly census of employment and wages (in this case, 2022 was the most recent year with solid data). Estimates do not include self-employed workers, such as most fishermen, nor agricultural or private household workers. The projections involve a mixture of historical trends and current events as shaped by population data.
Stranger in a Strange Land by Robert A. Heinlein.
What charity or cause are you passionate about?
YoungLives. They support teen moms.
What’s the first thing you do when you get home after a long day at work?
Take my dog out. Missy Moo is her name. She’s a little Parson Russell Terrier.
What vacation spot is on your bucket list?
Ireland.
If you could domesticate a wild animal, what animal would it be?
A sea otter. They’re so cute.
Stranger in a Strange Land by Robert A. Heinlein.
What charity or cause are you passionate about?
YoungLives. They support teen moms.
What’s the first thing you do when you get home after a long day at work?
Take my dog out. Missy Moo is her name. She’s a little Parson Russell Terrier.
What vacation spot is on your bucket list?
Ireland.
If you could domesticate a wild animal, what animal would it be?
A sea otter. They’re so cute.
Off the Cuff
artorium is a small team of software developers working with novel technology, but it’s not a startup. Now five years old, it’s outgrown that phase.
“We still involve ourselves in the startup ecosystem,” explains CEO Jay Byam, “but we’re a profitable company at this point. Not currently raising money.”
Raised in Delta Junction, Byam earned a master’s degree in computer science at UAF. He coded games and consulted for firms like Alyeska Pipeline Service Company. He blended his digital graphics and data integration expertise to conceive of Kartorium’s flagship product: a 3D digital twin platform. Utilities and mines can use it to monitor physical assets with fewer visits to remote sites.
Byam says, “We benefited from starting in Alaska because our clients are very involved in Alaska. There’s tons of heavy industry, a lot of remote infrastructure.”
- Airport Equipment Rentals
- Alaska Dreams Inc
- Alaska Materials
- Alaska Pacific University
- Altman, Rogers & Co.
- American Heart Association
- Anchorage Chrysler Dodge
- Anchorage Convention Centers
- Avis Rent-A-Car
- Bering Straits Native Corp
- ConocoPhillips Alaska
- Conrad-Houston Insurance Agency
- Construction Machinery Industrial
- Cook Inlet Tug & Barge Inc
- Craig Taylor Equipment
- Davis Constructors & Engineers Inc
- Denali Commercial
- Doyon, Limited
- First National Bank Alaska
- Fountainhead Development
- Great Originals Inc
- Greer Tank
- IMA Financial Group
- Junior Achievement
- Lennon Crane & Equipment Company
- Lynden
- Manley Brautigam Bankston P.C.
- Material Flow & Conveyor Systems, Inc.
- Matson Inc.
- MICROCOM
- MT Housing Inc.
- Northern Air Cargo
- Northrim Bank
- Oxford Assaying & Refining Inc
- Premier Alaska Tours
- Resolve Marine
- Sheet Metal Inc
- Span Alaska Transportation LLC
- Stellar Designs Inc
- Summit Consulting Services
- T. Rowe Price
- The Odom Corporation
- The Plans Room
- TOTE Maritime Alaska LLC
- United Way of Anchorage
- Westmark Fairbanks Hotel & Conference Center
- Yukon Equipment Inc
reating an effective ad is more than putting your logo and an image together. You want to captivate Alaska Business readers with your advertising. As we move into a new year, ask yourself: How can my ads connect with my audience? Here’s the inside scoop:
Harmony and Composition: The first thing to consider is having a balanced ad. Every element must be cohesive, and the ad should not be cluttered. You control what readers see, so make sure to place components thoughtfully in the right place to be attractive and convey meaning. Balance plus clarity equals cohesiveness. Strive for a visual weight from the colors to the objects. Incorporate the design elements so the reader can easily identify where to focus.
Be Bold: The image or images you choose for your ad will become the focal point. They need to be powerful enough to convince readers to lean in a little further, or take a deeper dive, if you will. This is why major companies invest in photoshoots for their magazine ad campaigns—the photo is IMPORTANT! Make sure that, at a glance, you effectively capture the reader’s interest.
Combining convenient front-end features with near-parallel lift, spacious operator stations including customizable ergonomic electrohydraulic (EH) controls, streamlined electrical and hydraulic routing, and innovative options, these versatile and productive mid-size models are designed to help you take your operation to the next level.
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Combining convenient front-end features with near-parallel lift, spacious operator stations including customizable ergonomic electrohydraulic (EH) controls, streamlined electrical and hydraulic routing, and innovative options, these versatile and productive mid-size models are designed to help you take your operation to the next level.
Anchorage
907.522.6466
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907.474.2000
Fairbanks
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Kenai
907.335.5466
Delta Junction
907.895.9898
Prudhoe Bay
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From mechanics and drivers, to customer service and support teams, we are proud of the people who do this hard work every day.
For more information, call us at 1-888-596-3361 or visit our website at lynden.com.