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Contents
Features
From Village to City to Success
By Dimitra Lavrakas
By Shannon Gramse
Securing Business Start-up Financing
By Tracy Barbour
By Alexandra Kay
By Alexandra Kay
By Brian Walch
From Village to City to Success
By Dimitra Lavrakas
By Brian Walch
Quick Reads
In the June 2023 issue, in “White Pass & Yukon Route,” we miscredited this image. The correct credit is Leigh Armstrong, The Skagway News.
About The Cover
The Anchorage artist also has an affinity for linocut and woodcut textures, which is what caught the eye of Art Director Monica Sterchi-Lowman at the Girdwood Forest Fair. She says she appreciates Lekander’s strong colors and shapes and his humorous interpretation of subject matter. He was asked to create a cover with “a touch of funky,” and he designed icons for some of the forty-three Best of Alaska Business categories to celebrate their diversity.
The fact that Lekander is a small business owner, marketing his designs in whatever format he thinks people will buy, further makes him a suitable match for the theme. Get to know the artist better in this month’s Off the Cuff.
From the Editor
I accept that my efforts to force statewide climate patterns to suit my need for sunshine might have been ambitious, but I think I was inspired by working on this issue.
Planning and preparing the Best of Alaska Business is always a high energy, uplifting endeavor. We’re running forty-three categories this year, which works out to the potential that we are highlighting and celebrating 129 exceptional Alaska companies. The actual number of individual companies is slightly less, as there is some overlap. For example, this year First National Bank Alaska was lauded by our readers in four categories: Best Bank, Best Place to Work 250+ Employees, Customer Friendly Company, and Best Corporate Citizen. A few other entities also snagged spots in more than one category, but even still this year we are featuring 118 organizations, many of which are new.
Billie Martin
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hether planning for retirement, eliminating a position, or resigning gracefully, employee exits can be difficult. Although, as business leaders, we know “it happens,” we still put the planning and process of managing employee exits “on the shelf” until we need it. Frequently senior staff is called upon to terminate employment when it comes time to part ways. In that scenario, while we have policies, procedures, and processes, the actual execution of dismissal relies heavily on the experience and finesse of the manager. We suggest there is a better way.
e’re going dark!”
From center stage, Kristinne Daquis calls out the next item on her checklist, testing the lights before a preview of Dead Man’s Cell Phone. The play is the season’s first full production by the UAA Theater & Dance Department, and it is also the last. Ever.
“The overwhelming message of the piece,” says director Brian Cook, is that “things happen in our lives—we lose our jobs, programs close down—but life continues. We’re resilient people, and we move on. We find a way to recover.” Cook is also the department chair, but he’s moving to Colorado because his job is disappearing.
hether it’s the lure of the northern lights, the chance to catch a king salmon, or the opportunity to view bears in the wild, Alaska attracts a significant number of visitors each year. Of more than a million people who visited in 2022, about 10 percent of the total was made up of international travelers. Those tourists may be seeking experiences that differ from what in-state or domestic travelers want to see in Alaska, so destinations statewide have adapted to that global clientele.
arlier this year, my family and I had the honor of piloting an educational and cultural exchange between UAA and ten Houses of Wisdom (Ngôi Nhà Trí Tuệ) in rural Ngheệ Nghe An and Hà Tĩnh provinces in north-central Vietnam. Based in schools, community centers, churches, apartment buildings, and private homes, Houses of Wisdom promote lifelong learning in disadvantaged communities and provide spaces for local people to share knowledge and wisdom across generations.
Houses of Wisdom do so through libraries and classes on a range of subjects including traditional music and dance, agricultural methods, electrical safety, sewing, swimming, cooking, personal finance, and anger management. Many also include small museums about the history of their village, traditional knowledge such as medicinal plants, and local points of pride. English language clubs are especially popular.
ge is just a number to the growing ranks of business owners over the age of 65.
According to the March 2023 issue of Alaska Economic Trends, published by the Alaska Department of Labor and Workforce Development, the state’s senior population grew from 54,900 in 2010 to 94,000 in 2020, and the growth rate continues to climb. The over-65 age group grew 12 percent in the last two years alone, reaching 105,600 in 2022.
Many of those seniors are not quite ready to kick back, put up their feet, and enjoy those “golden” years.
In an AARP website article, “Who’s Working More? People Age 65 and Older,” the US Bureau of Labor Statistics (BLS) projects 13 million people in that age group nationwide will still be working by 2024.
“These older workers will constitute the fastest-growing segment of the workforce from 2014 to 2024,” the article states. “While the total number of workers is expected to increase by 5 percent over those ten years, the number of workers ages 65 to 74 will swell by 55 percent. For people 75 and older, the total will grow a whopping 86 percent,” according to BLS projections.
What’s the impetus behind these figures?
here’s nothing quite like waking up in a beautiful, secluded Alaska lodge and looking out the window to see reindeer wandering outside the window. This view is especially surprising considering that this location, known as The Grove, started out as a private farm about seven miles outside of Talkeetna before opening to guests.
Farming in Alaska can be a tough row to hoe, literally. According to the US National Agricultural Statistics Service, barely more than 1,000 farms generated at least $1,000 in revenue as of 2021, the fewest of any state. To supplement their income, farmers have given their land a second life as tourist destinations, wedding venues, product-tasting sites, and more. Not only does this benefit the farms, but locals and visitors get to spend memorable moments on some of the state’s most beautiful homesteads.
business with us year after year.
We design and build equipment for Alaska’s toughest challenges.
Nick Ferree, Vice President
Equipment Source Inc. designs and builds equipment that stands up to Alaska’s harshest environments, because getting the job done doesn’t mean waiting for better conditions. From your backyard to the Arctic Slope, ESI has a solution for you. Shop or rent our wide range of heaters, generators, pumps, and more at esialaska.com.
hile the COVID-19 pandemic forced thousands of companies to permanently close, many new businesses are still opening around the country. Fortunately, there are ample funding opportunities available to help entrepreneurs finance their endeavors—if they apply the right strategies.
A staggering 5.4 million new business applications were filed in 2021, topping the 4.4 million record set in 2020, according to the US Census Bureau. And in October 2022 alone, there were 432,834 business applications—an increase of 1.2 percent compared to September 2022. These applications—which represent filings for tax identification, not the total number of business startups—were mainly in the industries of mining; manufacturing; transportation and warehousing; health and social services; arts, entertainment, recreation, accommodation, and food services; and educational services.
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.
the docks.
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.
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The Best of Alaska Business awards survey is a write-in survey, which means voters know the companies they love enough to manually enter their names, not just select randomly from a pulldown. In a handful of the categories, we ask our readers to provide additional context for their nominations, such as Best Corporate Citizen: it’s one thing to say a company invests in the community, it’s even better to hear from our readers how the company is doing it.
In 2024, we’ll be opening doors at our new Wasilla location.
So Happy
Together
in Company
oworking spaces in the Anchorage area are an attractive and expanding option for entrepreneurs, business travelers, and others who don’t want to invest in real estate but need a physical base to do work.
Whether the single employee of an entrepreneurial start-up, the solo Alaska-based employee for an Outside company, or the remote worker who occasionally craves the familiarity of a well-equipped office space, coworking spaces set the stage for camaraderie, collaboration, and community.
In a coworking arrangement, people from different professions and companies share what’s typically a multi-use office space featuring an array of configurations and varying levels of privacy. Clients enjoy cost savings by not owning or leasing their own space, and they benefit from access to business basics like high-speed internet, printers and scanners, and even kitchen space, complimentary beverages, and parcel acceptance services.
ellissa Feller was in college when she began working as a barista at the Espresso Wagon in Soldotna, the first drive-thru coffee kiosk on the Kenai Peninsula. She worked there on and off for thirteen years, building relationships with customers and learning the art of coffee making. When the owners were ready to sell in 2018, Feller and her husband Lonnie bought it. The decision was part business, part nostalgia.
“I wanted to keep my job, and I wanted the Wagon to stay the same,” she says. “I didn’t want another coffee shop chain to buy it and change everything, because we’d worked too hard for all of our loyal customers. And I wanted a way of making my own income while still being able to be a stay-at-home mom.”
big and small
he Alaska Chamber is a statewide organization that represents the business community’s interests throughout Alaska. While many Alaskans can likely imagine what their local chamber of commerce works on and advocates for, clear differences exist between these valuable organizations and ours. Local community chambers focus almost solely on businesses located within their geographical location or those with potential to impact their local business community. At the Alaska Chamber, we advocate for businesses throughout the state, providing a unified voice on issues affecting the statewide business community. We also offer resources and networking opportunities to our members, helping them to grow and succeed in the 49th State.
glass of rhubarb wine inspired Bill Fry’s journey into wine making in the mid-’90s. Impressed by his friend’s homemade wine, Fry set out to create his own combinations with any available fruit: raspberries, blueberries, kiwi, rhubarb, and more. Positive feedback from friends and family encouraged his hobby, and soon he outgrew his kitchen creations. In 2003, Bear Creek Winery and Lodging opened in Homer.
Bear Creek Winery primarily produces fruit wines, which Louis Maurer, co-owner and operations manager, admits is a niche market. Grapes are incredibly difficult to grow in Alaska outside of a high-tunnel controlled space, says Maurer. Bear Creek does import grape concentrate for wines; however, most of its wines are made with locally sourced fruits.
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n the August issue of Alaska Business magazine, we’ll be debuting Alaska’s Legal Elite, the top lawyers in the 49th state, as nominated by their peers. It’s a new feature we’re excited to release because it will provide you with a great resource to know which peers attorneys highly recommend in a variety of categories. We are offering attorneys selected to the list an opportunity to be profiled in this issue. The survey process is completed, and watch for it in our August magazine.
SRC Energy Services (AES) is a wholly owned subsidiary of Arctic Slope Regional Corporation and has provided service to the energy industry for more than forty years. AES’s oil field services range from asset management, drilling, and remediation to staffing, equipment and maintenance, construction, and environmental consulting. Over its forty years, AES has received a number of awards for excellence.
Since becoming the subsidiary’s president and CEO in 2018, Christine Resler has expanded AES beyond its core business areas and, at the same time, created a culture that fosters the innovation for which the company has become known. “When I walked in the door in 2018, we had a great core team,” says Resler, “and we’ve grown from there in a natural way.” That expansion of services has had two key components: a culture where people feel free to speak about their ideas and a look at both the present and future of energy.
In 2019, more than 1,000 employees took part in a year-long effort to define the company’s business culture. “We made the decision that we really wanted our teams to understand who and what we are,” notes Resler. The company uses the acronym ASPIRE to describe the values and purposes participants identified, which include Absolute integrity, Safety, People first, Iñupiat heritage, Resilient family, and Exceptional service quality. Company workers take those values with them everywhere they go.
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ccording to the Alaska Department of Transportation & Public Facilities, the 2023 construction season promises to be robust. More than 140 transportation improvement projects are scheduled for this construction season in Alaska, including airport upgrades, bike lanes, docks, roads and highways, and sidewalks in sixty-four communities. While construction zones are necessary, they often pose hazards to workers and drivers alike. Effective traffic control, signage, and other markings can be the difference between a job safely done and someone getting hurt.
eanie Gusty took a winding path from the small rural village of her childhood to selling almost $3 million worth of heavy equipment last year. But it was the path itself that helped Gusty lean into her individual strengths and set her up to be a unique asset and incredible employee.
Growing up in a tiny Kuskokwim River village, Gusty and her family participated in the traditional life of subsistence hunting, trapping, and gathering.
The residents of Stony River are Athabascan and Yupik. The 2020 census recorded thirty-nine people living there on the north bank of the Kuskokwim River, 185 miles northeast of Bethel.
e’re trained to look externally for a path forward from an early age. Go to school, get good grades, land a job, make more money, get promoted, and plan for retirement—all of it to be successful. Success is a moving target, though. Each time you reach a new milestone, success gets redefined.
Is chasing success getting us what we want?
In January 2022, Gallup reported that Americans’ happiness levels have hit record lows. The American Psychological Association found that our stress levels have been increasing since 2016, well before the pandemic. According to the Work Institute, 34 percent more people quit their job last year than the year before.
’ve been teaching work boundaries for more than a decade. I know all the stats—and still I worked right through being sick.
It was day two of a cold. I had three major deadlines that week, and while it was relatively easy to reschedule my coaching calls and client luncheons, those deliverables wouldn’t finish themselves. Sometimes there is no other day. Sometimes things can’t be rescheduled. It’s part of the gig.
Could I have slept and relaxed? Yes.
Would a delay have negatively impacted the work outcomes? Yes.
Would it have impacted my and our company’s reputation if I didn’t get those out? Maybe.
auroraiv.com
homerelectric.com | cityofseward.us
Alaska Trends
In Amy Newman’s article “Barista in a Box,” operators from Homer to Kotzebue share what they’ve learned about the quirks of coffee huts. This edition of Alaska Trends surveyed coffee kiosks for a more quantitative perspective.
The Sirens of Titan by Kurt Vonnegut.
What charity or cause are you passionate about?
Stand for Salmon.
What’s the first thing you do when you get home after a long day at work?
Since I am the only person there, it’s not like a 9 to 5. It never ends: no days off, no weekends off. Always thinking about “How can I make the next pet rock?”
What vacation spot is on your bucket list?
Bikepacking in Croatia or Baja [Mexico].
If you could domesticate a wild animal, what animal would it be?
Who wouldn’t want a T. rex or something? Assume I have enough money to feed it and everything [he laughs].
The Sirens of Titan by Kurt Vonnegut.
What charity or cause are you passionate about?
Stand for Salmon.
What’s the first thing you do when you get home after a long day at work?
Since I am the only person there, it’s not like a 9 to 5. It never ends: no days off, no weekends off. Always thinking about “How can I make the next pet rock?”
What vacation spot is on your bucket list?
Bikepacking in Croatia or Baja [Mexico].
If you could domesticate a wild animal, what animal would it be?
Who wouldn’t want a T. rex or something? Assume I have enough money to feed it and everything [he laughs].
Off the Cuff
ometimes it’s like a disease; you have to be creative, you can’t stop,” says Lance Lekander. He started drawing while growing up in Anchorage, and now it’s his living. He confesses to craving a 9-to-5 job with weekends off, but he can’t not be an artist. “Basically, I was destined for it,” he says.
His website, Lekander Artworks, is populated with grinning monsters, rockin’ robots, and fun-loving freaks. He sells psychedelic yoga leggings, handmade yeti dolls (resembling his logo for the award-winning hotdog stand Yeti Dogs), and a collection of digital typefaces. The mission of his “super-secret underground laboratory” is to make people say, “That’s the gol-darndest art I ever have seen!”
- 49th State Brewing Company
- 5th Avenue Jewelers
- Airport Equipment Rentals
- Alaska Argo Rentals LLC
- Alaska Dreams Inc
- Alaska Materials
- Alaska Native Heritage Center
- Alaska Pacific University
- Alaska Procurement Technical Assistance Center
- Alaska Professional Construction, Inc
- Alaska Safety Alliance
- Altman, Rogers & Co.
- American Heart Association
- Ampersand
- Anchorage Convention Centers
- Anchorage Sand & Gravel
- ASRC Construction
- ASRC Energy
- Bernie's Pharmacy
- Brilliant Media Strategies
- Carlile Transportation Systems
- Chugach Alaska Corporation
- CIRI
- Coffman Engineers
- Color Art Printing, Inc.
- Conrad-Houston Insurance Agency
- Construction Machinery Industrial
- Cook Inlet Tug & Barge Inc
- Copper Whale Inn
- cowork by RSD
- Credit Union 1
- Equipment Source, Inc
- Fairbanks Economic Development Corporation/Alaska Defense Forum
- First National Bank Alaska
- Fred Meyer Jewelers
- GCI
- Global Credit Union
- Great Originals Inc
- Hecla Greens Creek Mining Company
- Hotel Captain Cook
- Landye Bennett Blumstein LLP
- Lifemed Alaska
- Lynden
- Material Flow & Conveyor Systems, Inc.
- Moore Heating
- Museum of the North
- New Horizons Telecom, Inc.
- NMS
- Northern Air Cargo
- Northern Industrial Training
- Northrim Bank
- Opti Staffing Group
- Oxford Assaying & Refining Inc
- Parker, Smith & Feek
- PeopleAK
- PIP Marketing Signs Print
- Providence Health & Services Alaska
- Ray's Place
- RIM Architects
- Satellite Alaska
- Schwabe, Williamson & Wyatt, P.C.
- SES Space & Defense
- Sheet Metal Inc
- Sourdough Express
- Stellar Designs Inc
- T. Rowe Price
- TDL Staffing
- The Megan Room Conference & Events Center
- Toast of the Town
- USI Insurance Services
- Watterson Construction
- Westinghouse Electric Company LLC
Anchorage
907.522.6466
907.456.2000
907.659.2000
907.474.2000
Anchorage
907.522.6466
Delta Junction
907.895.9898
Fairbanks
907.456.2000
Prudhoe Bay
907.659.2000
The Rental Zone
907.474.2000
Kenai
907.335.5466
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!