1-907-563-3822
1-907-931-8808
1-907-802-4242
1-907-247-2228
Contents
Features
By Tasha Anderson
By Isaac Stone Simonelli
By Isaac Stone Simonelli
By Rindi White
By Brad Joyal
By Brad Joyal
By Tasha Anderson
By Isaac Stone Simonelli
By Isaac Stone Simonelli
By Rindi White
Quick Reads
About The Cover
Who is that, lying on the ground and looking at clouds? It might be anyone here at our office—abuzz with Best of Alaska Business voting—seeing signs of categories everywhere. It might be anyone from the winning businesses themselves, envisioning the potential to excel in a range of fields, from preparing delicious food and drink to building roads. Or it might be a reader, filled with desires and dreams and wondering who can help fulfill them.
Or maybe it’s all those things filtered through the sensibilities of artist Sarah Glaser, who finds stimulation in the serene outdoors. Who has she portrayed on this month’s cover? “It’s an Alaskan,” she says. “It’s someone finding wonder and joy in being there in the moment.”
We’ve been following Glaser’s work for a while, especially given that she’s a professional welder. Little known fact: our in-house policies actually forbid us from passing up an opportunity to feature a woman that’s equally skilled wielding fire or a paint brush.
From the Editor
But even with that factored in, there’s something about BOAB that demands, over and over again, that we reconsider what we’ve done and how it can be better—to nerd out for a moment, this end-of-dungeon boss hasn’t quite revealed its final form.
Maybe it’s because we partner with a new local artist for the cover every year, which drives us to find better ways to celebrate them and their work. Maybe it’s because we reexamine the categories year after year, being open to the idea of changing what they are and how many we have.
Kerry Tasker
Billie Martin
press@akbizmag.com
Postmaster:
Send address changes to
Alaska Business
501 W. Northern Lights Blvd. #100
Anchorage, AK 99503
verywhere we look, we are talking about the great resignation. The question at hand is how do we get the right people for the right job, and how do we keep them?
With the rise of the digital age, remote working opportunities, and the mobile job market, the best talent are always job shopping, and if they aren’t shopping, they are being recruited right under your nose. This new digital job market demands employers meet the expectations employees set.
All stages of the employee lifecycle and talent management are critical, starting with proactive scouting and recruiting and extending to offboarding and succession planning, which leaves your employees and former employees feeling respected and paying dual respect back to your organization.
nterest rates rose in May for the second time this year. The Federal Reserve (Fed) bumped its benchmark federal funds rate 0.5 percent to a target range of 0.75 to 1 percent. The nation’s central bank applied a quarter-point-rate increase in March and has indicated that it intends to raise rates after each of its five remaining policy meetings in 2022. The Fed also announced plans to reduce its nearly $9 trillion asset portfolio of Treasury and mortgage securities, and it is allowing bonds to mature without reinvesting the proceeds into new securities. The recent moves are designed to curb record-high inflation, which surged to 8.5 percent in March—its highest level since December of 1981.
EVP, Chief Credit Officer & Bank Economist at Northrim Bank Northrim Bank
2018 Pew Research Center report states, “People living in rural areas have longer travel times to the nearest hospital.” It’s not an earth-shattering revelation, by any means, but the details are interesting. According to the report, rural Americans live an average of 10.5 miles from the nearest hospital, while those in the suburbs live 5.6 miles away and those in urban areas are 4.4 miles away, on average. This translates to average travel times of 17 minutes, 12 minutes, and 10 minutes, respectively. These are just averages, and the report recognizes that averages “mask considerable variation in access within community types.”
Alaskan Challenge.
Phone: (907) 248-0087
Email: info@cookinlettug.com
- Our Doctors in Pediatrics are specialists, and parents.
- Same day appointments available – in person or telemed.
- Complimentary no charge pre-natal meeting so expectant parents can meet our doctors and staff to be sure we’re a good fit for the entire family.
- On-site lab and radiology diagnostics, same day results.
- Our Doctors in Pediatrics are specialists, and parents.
- Same day appointments available – in person or telemed.
- Complimentary no charge pre-natal meeting so expectant parents can meet our doctors and staff to be sure we’re a good fit for the entire family.
- On-site lab and radiology diagnostics, same day results.
ver since Billie Holliday visited Anchorage in 1954 for a gig at the 1042 Club, Alaska has served as a desired destination for musical acts both big and small. While some artists plan a tour stop because they want to check another state off of the list of places they have performed, other acts have viewed Alaska as a new frontier to gain fans willing to spend money on records, tickets, and merchandise. Throughout the ‘70s and early ‘80s, West Anchorage High School’s auditorium served as the preferred venue for large national touring acts. Steppenwolf, Ozzy Osbourne, Bee Gees, Ray Charles, Johnny Cash, and the Grateful Dead performed inside the school’s 2,000-seat auditorium.
The 1983 opening of the George M. Sullivan Arena unlocked new possibilities for Anchorage-area promoters, able to fit more than 8,700 concertgoers. Interior Alaska received its own arena in 1990 when the Carlson Center opened in Fairbanks with a capacity of approximately 6,500. The Beach Boys, Eric Clapton, Jimmy Buffett, Bon Jovi, James Brown, and Elton John are among the many performers who have graced the stage at Sullivan Arena, while Elton John, Toby Keith, Godsmack, and comedians Larry the Cable Guy and Cheech & Chong are some of the many acts that have performed at the Carlson Center.
n early May, Nancy DeCherney gave her last presentation as Executive Director of the Juneau Arts and Humanities Council (JAHC) to the Juneau City and Borough Assembly. With retirement on the horizon, DeCherney is shoring up JAHC program funding for the upcoming fiscal year before handing over the keys to current Operations Manager Reggie Schapp, who will serve as interim director. After sixteen years as JAHC’s executive director and more than ten years in various arts administrative roles, DeCherney understands the cycle of arts funding and the adaptation by arts organizations. Most recently, funding and adaptation came to the forefront as the COVID-19 pandemic affected budgets within the industry and health and safety protocols forced arts agencies, arts organizations, and individual artists to feature and sell their work using streaming and virtual technologies.
ast year was a record sales year for Forests, Tides & Treasures, a general store in Seward. With strong sales continuing through the off-season, co-owners Cliff Krug and Linda Chichester project a double-digit increase in sales in 2022.
“We survived the pandemic despite the big cut in hours because we were able to maintain an elastic business model and adapt to the challenges before us,” Krug says. “We continuously adapted our merchandise selection to reflect what the visitors who came to Seward wanted.”
e recognize that the Best of Alaska Business (BOAB) honors are not definitive, ironclad proclamations of which business in Alaska is metaphysically “best.” That’s a pretty tall order for any award. But in our annual search for the best, we do ask the most qualified group of people we know: our readers. Your everyday interactions with these companies are the most accurate representation of how they work to reach new heights in providing goods, services, and an amazing Alaska experience.
Every year our editorial team reviews the BOAB categories to determine what to keep, what to retire, and what to add, taking into consideration how our readers voted the year previous, as well as suggestions from our sources and partners. This year we have more categories than ever before, which directly serves our goal of recognizing and celebrating as many businesses as we can.
ancsa.lbblawyers.com
The CU1 Mobile Branch
In 2022, you’ll get to see our one-of-a-kind mobile banking truck on the road! The CU1 Mobile Branch is equipped to provide account service to any community on the road system – and we already have plans to visit Kenai, Palmer, Fairbanks and more this summer.
We are proud to provide innovative and community-focused financial service to all areas of Alaska, from Ketchikan to Nome. This people-first spirit started in 1952, when we were founded as an Anchorage teachers credit union! Over time, Credit Union 1 has grown into Fairbanks, Soldotna, Kodiak and more – and we remain uniquely committed to the financial health and happiness of our home state.
OVID-19 allowed (or enforced) a pause for reflection, a strategic regrouping that led many Alaskans to seriously consider starting a business. While the class of 2021 is barely past, or still approaching, the first anniversary of their launch, a few of its members have already made enough of a splash that they can be confident of being around for many years to come.
like nobody’s business.
We don’t just settle on knowing your industry. We live it.
Spotting trends and navigating turbulent waters can’t happen from behind a desk.
The insights come when we put on our hard hats and meet our clients where they are.
Pair this knowledge with human, approachable legal services and you’ll see what it means to be represented by Schwabe.
We don’t just settle on knowing your industry. We live it.
Spotting trends and navigating turbulent waters can’t happen from behind a desk.
The insights come when we put on our hard hats and meet our clients where they are.
Pair this knowledge with human, approachable legal services and you’ll see what it means to be represented by Schwabe.
420 L Street, Suite 400
Anchorage, AK 99501
(907) 339-7125
420 L Street, Suite 400
Anchorage, AK 99501
(907) 339-7125
week before her first showing at Stephan Fine Arts, the painter was, in her words, “freakin’ out.” She had been painting for only three years since a midlife crisis prompted her to convert her oversized master bedroom into a studio. Her work, she says, is “very emotional,” arrangements of high-contrast colors, sometimes with expressive drips. A departure from the birds, fish, and mountains portrayed on most of the gallery’s walls.
The artist need not have worried. When the First Friday in May arrived, she was among friends. After all, the gallery is hers.
Akela Space
Akela Space
he data shows we haven’t done enough to make business ownership attainable for the many communities that call our state home. Women, Black, Indigenous, and People of Color are particularly underrepresented in business ownership across Alaska. At Anchorage Community Land Trust (ACLT), we know that to ensure that the next generation of Alaskan business owners reflects our great state, we must do one simple thing: We must believe in and invest in the talented local entrepreneurs that call our city and state home.
Our Alaska story is all about the potential of entrepreneurs and small business owners and what they bring to our communities. By supporting business creation, we build communities from within and empower the next generation of community leadership.
ESI manufactures custom equipment
Available for rent
Equipment for extreme locations
we know Alaska!
We have spent over 15 years engineering equipment that withstands the test of Arctic temperatures. We provide reliable, high-performance equipment to our customers in Alaska and around the world. Shop the largest selection of JCB and locally manufactured industrial worksite equipment in Alaska.
olf courses in every state and the District of Columbia have hosted a championship for the United States Golf Association (USGA) during its 128-year history. Every state, that is, except Alaska—until this summer.
The 2022 US Senior Women’s Amateur Championship tees off at Anchorage Golf Course on July 30, finally completing the USGA’s scorecard of states.
One reason is that many owners don’t understand exactly what cyber insurance can provide. Below, we discuss four common cyber liability insurance myths and the truth about what this coverage can do for your business.
- Breach coach: this is usually an attorney to help walk you through the response process.
- IT forensic team: this team will investigate the breach and determine how it occurred, and what data was accessed.
- Legal team: once the IT forensic team has identified the compromised information, this team of attorneys will help identify your notification responsibilities in any applicable jurisdictions. They will also defend your organization against third-party lawsuits.
- Crisis management team: this is usually a PR firm that can help with necessary public relations.
- Pre-breach services: discounted IT security services, sample response plans, whitepapers, limit calculators, and IT security news feeds.
- Investigating the breach source
- Notifying customers that their personal information was exposed
- Crisis management and business interruption loss
- Restoring lost data or destroyed assets
- Damage to physical hardware
- Regulatory and PCI compliance fines
- Social engineering and computer fraud crimes
- Extortion demands
Bear in mind that some of the above causes of first-party loss, such as the unlawful collection of personal data or the failure to follow a company’s privacy policies, may not even include a network breach.
Despite the amount of time and effort spent on cyber controls, all businesses are still vulnerable to attacks. Cyber insurance provides both financial and operational resources than can help you respond to an attack, with limited disruption to get your systems back up and running.
ermit requests for aquatic farms in Alaska are the highest they’ve been for seventeen years, another uptick in the growing interest in the mariculture industry. While oysters continue to dominate, most of the growth is coming through the development of seaweed farms.
“The mariculture industry will provide long-term jobs and opportunities for Alaskans, an independent food source for Alaska, and exports for our economy,” says Governor Mike Dunleavy. “Mariculture development will bolster the economies in coastal communities where much of the seafood infrastructure and experience already exist.”
There were twenty new joint agency aquatic farm applications submitted during the 2022 application period, which closed at the end of April. Of these, sixteen were for seaweed farms, two for shellfish farms, and two were for combination farms. The farms total 7,645 acres of potential new mariculture development.
Each farm, if approved, is another step toward the state’s goal of growing mariculture into a $100 million industry by 2038. Oysters and seaweed are expected to account for more than 60 percent of that annual revenue, with sea cucumbers, king crab, geoduck clams, and mussels making up the difference.
Though wild kelp and shellfish harvests have been part of Alaska tradition for thousands of years, aquatic farming in the state is younger than Pokémon Go. The first commercial kelp harvest occurred in Kodiak in 2017.
helsea Coartney, owner of Unleashed Alaska, decided to open her dog daycare, boarding, and indoor dog park in 2021 as the result of her own experiences as a dog owner.
“I have six dogs, and I wasn’t hugely impressed with the places in town that offer boarding or the places where families can go with their pets,” she explains. “It can be very slushy at dog parks—not to mention cold—and I thought it would be cool to have an indoor dog park where people could come hang out in a temperature-controlled environment and socialize with their friends and their pets at the same time.”
At Unleashed Alaska, members have access to the dog park on weekdays after the doggie daycare closes at 6 pm and on weekends. A key card allows members to enter anytime the need arises. “If your dog likes to do ‘zoomies’ at 2 am, you can bring them here to burn some energy and socialize in a safe place,” Coartney says.
Phone: (907) 488-5983 • Fax: (907) 488-9830
NOW INSTALLING BROADBAND SYSTEMS FOR TRIBES, TELECOMS, AND BUSINESSES STATEWIDE.
WWW.MICROCOM.TV
alf of Southeast Alaska has no road access to its natural resources. During the 20th century, this fact was a consequence of slow development in a thinly populated territory. As the 21st century dawned, however, whether to allow or forbid roads in the wildest parts of the Panhandle became a political tennis match.
The outgoing Clinton administration served the first volley in 2001 with the Roadless Rule, which banned road building in areas of national forests without road access. This policy has the greatest impact in the nation’s largest forest, the Tongass in Southeast Alaska, where 9.4 million of its 17 million acres lack roads.
Reserve Ad Space in the 2023 Power List
or the past five-plus years, I’ve been part of the Alaska Business superstar team. Much has changed since I signed on—we’ve added an assortment of products, features, and live events while eliminating those no longer serving us or our clients.
The Power List has withstood the test of time and lives up to its name every year. The power behind this list is not always obvious, especially as we gravitate more and more towards a digital world. The Power List is the only archive—that I’m aware of— that gives you the vitals of the major industries that form our Alaska economy. That statement and the issue itself carry a lot of heft. But it would take hours, perhaps days, to Google even part of what you find here—the companies and leaders that drive economic activity, contact information, and a synopsis of what goes on inside those businesses. And even if you could find part of the information, chances are you won’t find it all. This year, we did something bold and, I believe, generous. It’s one of the additional features I alluded to earlier. You can now access the Power List digital edition on our website, free of charge. Greg Porter, CEO at Arctic Energy told me why he finds such value in advertising in this issue specifically.
Own the edge.
e believe that however tribes are bringing broadband to their communities is a game-changer, whether it’s by cable or satellite,” says Teresa Jacobsson. “For some of our rural communities, cable is not going to happen, not anytime soon.” Jacobsson is founder and chair of Alaska Tribal Administrators Association (ATAA), a nonprofit created to support healthy tribal administration in Alaska.
We are a wholesale broadband service provider that provides middle-mile backhaul services for last-mile service providers, bringing high-speed broadband to the most strategic place on earth.
Our fiber network is designed to withstand the world’s harshest conditions and are among the most secure form of data connectivity.
e’ve been chasing work-life balance for decades.
Individually, we have contrived all sorts of personal improvements, process improvements, and time efficiencies—and we’ve exhausted ourselves in our efforts to find it. Organizations have spent millions of dollars implementing wellness programs, hiring consultants, and establishing training and learning development centers in order to create it. And yet… balance remains elusive.
It’s because we are chasing the wrong thing.
midtownmall.com
prismatext.com
Economic Indicators
485,293 barrels
-3.7% change from previous month
6/2/2022
Source: Alaska Department of Natural Resources
$123.58 per barrel
10.3% change from previous month
Source: Alaska Department of Natural Resources
362,000 Labor Force
4.9% Unemployment
Source: US Bureau of Labor Statistics
Rocky Elerding is promoted to the position now that longtime CFO Jim Sarvela is retiring. Elerding was born and raised in Sitka. He earned a degree in finance from the University of Washington and graduated magna cum laude from the University of Washington’s MBA program. He has been with First Bank since 2004. Elerding had been working as Southeast Regional Mortgage Manager.
Alaska Trends
onprofit organizations strengthen Alaska in two distinct ways: pursuing their individualized missions for the benefit of their members or clients and generating a significant amount of economic activity. The Foraker Group—which is itself a 501(c)(3) organization—specializes in supporting Alaska’s nonprofits. As part of that mission, and with the support of Credit Union 1, it published Alaska’s Nonprofit Sector: Generating Economic Impact, a report that examines how nonprofits are participating in Alaska’s economy.
While they can be grouped as an economic sector, nonprofits operate in a variety of industries, which in some ways masks their aggregate effects. “We often lose sight of the scale of their impact because nonprofits are not considered to be a single industry,” the report states. “When the state tracks jobs, it classifies them by industries—oil and gas, tourism, healthcare—not by the sector where the work originates—nonprofit, government, or private.”
At a Glance
American Buffalo: In Search of a Lost Icon by Steven Rinella.
What charity or cause are you passionate about?
Alaska Public Media, Food Bank of Alaska.
What do you do in your free time?
Backcountry snowboard. Whitewater pack rafting.
What’s your favorite local restaurant?
Rustic Goat. Don’t tell anyone, though.
If you could domesticate a wild animal, what animal would it be?
We’re adopting a retired husky from the National Park Service kennels… I think he’s a little bit wild… That’s kind of like a wild wolf.
At a Glance
American Buffalo: In Search of a Lost Icon by Steven Rinella.
What charity or cause are you passionate about?
Alaska Public Media, Food Bank of Alaska.
What do you do in your free time?
Backcountry snowboard. Whitewater pack rafting.
What’s your favorite local restaurant?
Rustic Goat. Don’t tell anyone, though.
If you could domesticate a wild animal, what animal would it be?
We’re adopting a retired husky from the National Park Service kennels… I think he’s a little bit wild… That’s kind of like a wild wolf.
Off the Cuff
etween helping her fiancé track wolves around Healy for three months last winter while working on his PhD in spatial ecology and their trip this summer, spending a week or two at Ruth Gorge in the Alaska Range, Sarah Glaser experienced a burst of creativity. In addition to designing the cover for this issue of Alaska Business, she spent six weeks in Nashville building a soccer stadium.
Art is her life, and welding is her trade. After growing up in Moose Pass, Glaser learned to weld at the state technical school down the road in Seward. For the last six or seven years, she’s mixed construction with illustration. Her website sarahkglaser.be offers her full-color drawings of wildlife, backcountry sports, and aerial landscapes as prints, stickers, and apparel. She says she takes enjoyment from surprising her audience with details hidden in an image. Among her next projects is a harvest handbook for St. Paul Island.
907.522.6466
907.456.2000
907.895.9898
907.474.2000
907.335.5466
907.659.2000
Thank You Alaska!
Thank you to our friends, neighbors, and valued customers for your ongoing support and partnership, and special thanks to each of our dedicated employees for their continued care, expertise, and ingenuity as we all work together to keep Alaska moving. We look forward to continuing to serve our communities by providing multi-modal transportation and logistics solutions across the entire state!