In Alaska – The best sales and product support lineup.
In Your Corner – The Winning Team.
Surface Rigs · Underground Rigs · Drill bits · Steel
Fairbanks
Mining Sales
Juneau
Mining Sales
(907) 563-3822
Juneau
(907) 802-4242
(907) 931-8808
Ketchikan
(907) 247-2228
Contents
Features
What’s In a Name?
World Trade Center Anchorage rebrands as Alaska International Business Center
Teller Window Shopping
How to choose the best financial institution for business needs
The 2024 Alaska Innovators Hall of Fame
Building on foundations into new directions
Wealth of the Arctic
Trade, trends, and opportunity at northern latitudes
Wealth of the Arctic
Trade, trends, and opportunity at northern latitudes
What’s In a Name?
World Trade Center Anchorage rebrands as Alaska International Business Center
Teller Window Shopping
How to choose the best financial institution for business needs
The 2024 Alaska Innovators Hall of Fame
Building on foundations into new directions
Quick Reads
How the 1964 earthquake changed construction in Alaska
Equipment Source, Inc.
Infrastructure to access new territory
Senior Chief Petty Officer Rachel Polish | DVIDS
Infrastructure to access new territory
Senior Chief Petty Officer Rachel Polish | DVIDS
How the 1964 earthquake changed construction in Alaska
Equipment Source, Inc.
About The Cover
Sikuliaq’s homeport at the Seward Marine Center is due for some infrastructure improvements to enhance the ship’s efficiency and research potential. Thus, construction at the 60th parallel directly contributes to Alaska’s reach north of the Arctic Circle.
The construction industry and Arctic opportunities are the converging compass points guiding the coverage of this issue. By building, studying, working, and living in the far north, Alaskans stand at the threshold of engagement and investment by the rest of the world.
From the Editor
While our managing editor is away from her desk, focusing her energies on aggrandizing her clan and the human species, the rest of the personnel listed at the right side of this page are tending to the magazine in her absence. Well, not exactly this magazine you’re reading now; before she left for maternity leave, Tasha Anderson had a hand in completing this month’s issue. Every part, that is, except for the final flourish of this letter.
That duty falls to me. So here I am, addressing you on behalf of the magazine. And especially on behalf of this company’s owners. In a way, on behalf of its past custodians, such as Jim Martin and Vern McCorkle. Heavy is the mantle of stewardship, as we tend the hearth for the benefit of generations yet unborn—or freshly born, in the case of Tasha’s blessed offspring.
Billie Martin
press@akbizmag.com
Postmaster:
Send address changes to
Alaska Business
501 W. Northern Lights Blvd. #100
Anchorage, AK 99503
Northbound 800.426.0074 | Southbound 800.234.8683
he Arctic: a term often used to broadly describe a large swath of land and sea in the north. It is a region with geographic, political, and cultural definitions. According to the Arctic Centre at the University of Lapland, it is the region that surrounds the North Pole, with no single definition of a southern boundary. In Alaska, 66° north latitude is commonly used as the line of demarcation, but there are many other ways to delineate this boundary including growing zones, temperatures, biological indicators, Indigenous homelands, or political boundaries. For us, the authors, and most of you, the readers—the Arctic is home.
Arctic countries, known as the “Arctic Eight,” comprise Canada, Greenland (Denmark), Finland, Iceland, Norway, Russia, Sweden, and the United States. Why the US? Alaska’s 663,300 square miles qualify the United States to be an Arctic nation.
UIC Car Rental | UIC Lands & Real Estate | UIC Science
ince its inception in 1987, World Trade Center Anchorage has been known by both its original name—World Trade Center Alaska—and by the Anchorage moniker that it was required to adopt a decade ago. This year marks one more name change for the organization that it hopes will better represent the breadth of services it provides to Alaska and beyond as the Alaska International Business Center (akIBC).
“Every year, we take a look at whether the World Trade Center (WTC) brand is serving us as well as it could—sort of a cost/benefit analysis—and this year, for multiple reasons, we felt that it was time to rebrand to help us grow from our existing base,” explains akIBC President and CEO Greg Wolf.
Come
together
Events | Concerts | Conferences | Conventions | Banquets | Meetings | Trade Shows | Weddings | In-house Catering | Equipment Technology
aris buzzes with anticipation for the 2024 Summer Olympics, but for athletes living north of the 55th parallel, game time is right now. Eight delegations from the circumpolar region are converging in the Matanuska-Susitna Borough for the 2024 Arctic Winter Games from March 10 to 16. This is the first time the Mat-Su Borough has hosted in the event’s fifty-four-year history.
“We are extremely proud to be an integral part of this momentous occasion,” says Wasilla Mayor Glenda D. Ledford.
First held in 1970, the Arctic Winter Games is a biennial athletic competition and cultural exchange for young athletes, aged pre-teen through young adult, from eight contingents across the Circumpolar North. Athletes compete in twenty-one indoor and outdoor sports, including alpine, cross-country, and biathlon skiing; figure and speed skating; basketball, volleyball, table tennis, wrestling, and badminton; and traditional events called Arctic sports and Dene games.
no matter what.
Elias Rojas, who is the marketing manager for MTA, as well as the director of information technology and communications on the Arctic Winter Games Host Committee, says MTA’s sponsorship fits its ongoing mission to support the community it serves. “Part of our mission is to pioneer economic development,” Rojas says. “Sponsoring both traditional and esports benefits MTA through fostering diverse community engagement.”
ravel pads are an essential base for oil and gas operations on the North Slope tundra, which is delicate and subject to challenging freeze/thaw cycles of the permafrost below. These artificial gravel islands establish a stable foundation for industry activity while protecting the tundra, allowing Alaska operators to both access critical resources and protect the natural environment.
Installing the pads for exploration and drilling on the North Slope presents several logistical considerations: where to acquire and how to transport gravel to a potential site can make the difference between a project that’s passed over and one that’s identified as economically feasible.
Snow Trail Scouting & Construction
Equipment Lease & Rentals
Heavy Haul Trucking
Tundra Freight Hauling
Remote Camps
n its outlook for jobs in 2024, the Alaska Department of Labor and Workforce Development forecasts significant growth in the construction sector. By adding 1,100 jobs to the 16,700 employed during an average month in 2023, construction would see the largest gains of any industry. The anticipated growth puts construction well ahead of its pre-pandemic jobs total, with the strongest recovery of any sector.
Construction lays the foundation for other economic activity, literally and figuratively, whether spreading pads on the North Slope, building new ports or hospitals, or giving other working Alaskans a place to comfortably live.
pportunity is building in the Arctic. Years of underwater surveys in the Arctic Ocean culminated in December 2023 with an announcement by the US Department of State to claim a wedge of the sea north of Alaska as sovereign territory.
A topographical feature called the Chukchi Borderland, 600 miles north of the Bering Strait, shares a geophysical connection to the outer continental shelf, according to the State Department. Consequently, the United States can claim the territory as its extended continental shelf, asserting rights to conserve and manage the area’s resources and habitats. The extension covers more than 200,000 square miles of the Arctic Ocean.
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.
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.
420 L Street, Suite 400
Anchorage, AK 99501
(907) 339-7125
arch 27, 1964 shook up the construction industry in Alaska. The magnitude 9.2 earthquake that Friday evening left 131 people dead as it crumbled streets, flattened buildings, and wiped out coastal towns. On top of the rubble, what was rebuilt was different from what stood before.
The quake contributed to knowledge about seismic design that could not have been understood beforehand. In 1964, the theory of plate tectonics was still being developed. Geologists had only two working seismographs in Alaska, one in Fairbanks and one in Sitka, according to John Thornley, a geotechnical engineer with WSP USA in Anchorage.
907-276-5050
907-452-1192
907-376-3838
907-262-5977
907-276-5050
907-452-1192
907-376-3838
907-262-5977
he Matanuska-Susitna Borough, long considered Anchorage’s bedroom community, has a housing problem. Its growth is outpacing available housing, particularly affordable rental housing.
It’s outpacing it so quickly that housing and emergency shelter is listed in the 2022 Mat-Su Community Health Needs Assessment Implementation Plan as the top health need to be addressed.
The implementation plan is a direct outgrowth of the triennial Mat-Su Community Health Needs Assessment, a study the Mat-Su Health Foundation (MSHF) must undertake every three years due to its affiliation with Mat-Su Regional Medical Center, says MSHF public affairs director Robin Minard.
Anchorage, AK 99507
www.materialflow.com
onstruction spending in Alaska totaled approximately $5 billion in 2023, counting both private sector and public sector projects. Ahead of the 2024 building season, contractors have lined up new projects for the year while continuing work on several multi-year projects around the state.
n 2024, Delta Backhaul Company (DBC) will continue working with Donlin Gold during its annual “In It for the Long Haul” backhaul project. DBC is a solid waste contractor specializing in household hazardous waste and scrap metal backhaul and demolition projects. Company owner Doug Huntman says, “DBC is devoted to implementing practical solutions that benefit remote villages across Alaska.”
For a seventh year, Donlin Gold is sponsoring the backhaul program as part of its community investment program for Kuskokwim River villages. Donlin Gold is developing a major mining prospect on lands owned by Calista Corporation and The Kuskokwim Corporation. Huntman says this project is a natural fit for his company, which is committed to enhancing solid waste programs.
Excellence in Construction Awards
ssociated General Contractors (AGC) of Alaska annually recognizes projects completed by its members that exemplify the high quality of work that Alaska’s contractors perform season after season. Here are the winners of the 2023 Parker, Smith & Feek Excellence in Construction Awards, which were presented at AGC of Alaska’s annual conference in November 2023.
ANC Cascading Escalator Enclosure
Under $5 Million, Vertical Construction
laska’s role in the Klondike Gold Rush of the late 19th century provides a fanciful impression of mining. Eager prospectors rushed into the state in search of golden treasures with the hopes of striking it rich. But sometimes the riches come from things that are less shiny. Gravel, rock, and sand sources around Alaska are key to numerous infrastructure projects. In the present day, utilizing Alaska’s abundance of natural resources yields its own set of riches.
tartups, new businesses, and established enterprises require a range of financial services, but not all institutions are the same. Selecting the right one can have a significant impact on a company’s success. Therefore, a business must understand its needs. These requirements can range from deposit accounts, commercial loans, and credit lines to merchant accounts, treasury management, and investment services. However, the specific factors depend on what stage of the business lifecycle the company is in and the timing of its cash flow cycle.
Alaska Business has an online alternative that engages visitors for longer: Spotlight Digital Profiles are an effective advertising tool featured on our homepage and throughout our website. Eye-catching photo and graphic tiles lead the web visitor to the “meat and potatoes” of the Spotlight Digital Profile, which is well-organized content that’s presented cleanly and professionally. The advertiser has a digital forum to present messaging from company leadership, helpful information about products and services offered, and all critical contact information to company management. What completes this circle of effective digital advertising is the ability to include stunning photography and captivating video content that grabs and retains the viewer’s attention. While the written word is a vital tool, there’s nothing like still and moving images to convey a brand’s strength and a company’s personality.
McKinley Alaska Growth Capital Approved for Coveted Small Business Lending Company License
anks or credit unions are not the only options for businesses seeking financial services.
Recently, McKinley Alaska Growth Capital was approved to receive the US Small Business Administration’s Small Business Lending Company (SBLC) license—in the first expansion of the SBLC program in forty years.
With the addition of McKinley Alaska Growth Capital, along with Arkansas Capital Corporation and Funding Circle, there are currently seventeen SBLC licenses nationwide. The SBLC license allows approved non-depository lenders to use government guarantees when underwriting small business loans to lower the risk to the lending organization and cost to the borrower. The licenses support SBA’s efforts to give business owners in underserved communities greater access to affordable capital.
or many Americans, a quick trip to the local urgent care or emergency room when the need for care arises is a standard expectation. This convenience, however, is not guaranteed for those in Alaska’s remote communities.
The implications can be profound: delayed treatments, limited access to specialized care, and a heavy reliance on self-care and community support.
When medical issues arise and a local healthcare facility lacks the capacity, equipment, or specialized expertise to address it, the reality for families in rural communities can be stark. It disrupts family life, imposes logistical challenges, and strains emotional and financial resources. Being away from familiar surroundings and loved ones during times of medical need can exacerbate stress and anxiety or exact an emotional toll. Children and other dependents at home may face disruption in their own care and routine, adding to the family’s overall stress.
hree exceptional Alaskans are the newest inductees in the Alaska Innovators Hall of Fame. The Alaska State Committee on Research is honoring Tim Collett, Billy Connor, and Christine Resler for their work in hydrocarbons, transportation infrastructure, and innovation itself.
The committee is an advisory board formed within the University of Alaska system to promote “research and development as an enterprise and as an engine for economic development in Alaska.” To further that goal, it established the Alaska Innovators Hall of Fame in 2014, celebrating both individuals and inventions that “contribute to the state’s growing culture of ingenuity.”
Automatic Lubrication System
This will decrease unnecessary downtime and increase your bottom line.
Contact Us For A Free
Equipment Evaluation And Estimate
Now Located in Anchorage, AK
166 E. Potter Dr. Unit 1 Anchorage, AK 99518
FAIRBANKS 907.458.9049 · ANCHORAGE 907.341.2250
Inevitable
Progress
our role as a manager is dynamic and complex. You deliver business results, improve processes, and keep everyone productive. You’re also expected to recruit the right people, train them, keep them engaged, and prepare them for the next step in their careers.
We have substantial opportunities here in Alaska, which is encouraging, but we risk not having enough people to capitalize on them. We need great managers, and it is essential work, but it’s a lot! Many managers want to succeed and grow in their roles but aren’t sure how to do that.
Maybe that’s you.
Alaska Trends
n this month’s article “Big Valley Welcome” about the 2024 Arctic Winter Games, the general manager of the Mat-Su Host Society notes that pin trading is the unofficial 21st sport. Contingents likewise trade apparel and other accessories; anything from Greenland is especially prized. In a very real way, the event is as much about exchange as it is about competition.
By hosting, the Matanuska-Susitna community is exchanging approximately $7.2 million in operating costs for an estimated economic impact of $10 million. Is that realistic? According to an economic impact summary of the 1996 Arctic Winter Games hosted by Eagle River-Chugiak, regional incomes increased by $4.3 million. Adjusted to current dollars, that’s worth a bit more than $8 million. However, the 1996 Games had 1,600 participants compared to 2,000 this year. If the economic impact scales linearly with participation, then Mat-Su can expect 25 percent more, ceteris paribus, and the estimate is not outside the realm of possibility.
I’m more of an e-audio absorber. I listen to a lot of Bott Radio as my spiritual component, as well as positive affirmations and LinkedIn Learnings.
What charity or cause are you passionate about?
Iḷisaġvik College Foundation… First Alaskans Institute.
What’s the first thing you do when you get home after a long day at work?
Change to comfortable clothes.
What vacation spot is on your bucket list?
The Philippines.
If you could domesticate a wild animal, what animal would it be?
Maybe a polar bear.
I’m more of an e-audio absorber. I listen to a lot of Bott Radio as my spiritual component, as well as positive affirmations and LinkedIn Learnings.
What charity or cause are you passionate about?
Iḷisaġvik College Foundation… First Alaskans Institute.
What’s the first thing you do when you get home after a long day at work?
Change to comfortable clothes.
What vacation spot is on your bucket list?
The Philippines.
If you could domesticate a wild animal, what animal would it be?
Maybe a polar bear.
Off the Cuff
er background seems far from where she is now, yet Justina Wilhelm fits right in.
She aimed for a career in healthcare and started working for the North Slope Borough, eventually becoming deputy director of behavioral health. Her administrative experience led to a job at Iḷisaġvik College, although she was concerned that she might not be helping as much. “But it’s definitely a different type of help, and it’s still rewarding,” she says.
Half Italian and half Filipino, Wilhelm was born in the San Francisco Bay Area. At age 8, her family moved to Barrow (as it was then called), where her grandmother was living. She went to Hawaii for college and thought she’d never return to Utqiaġvik, “but then I met my partner,” she recalls. As a whaling captain’s wife, or imiun, she’s in charge of shoreside affairs while the crew is at sea. “You can’t do it, one without another. You have to be a team,” she says.
- Airport Equipment Rentals
- Alaska Dreams Inc
- Alaska Roof Restorations
- Alaska School Activities Association
- Altman, Rogers & Co.
- Anchorage Chamber of Commerce
- Anchorage Chrysler Dodge
- Anchorage Convention Centers
- Anchorage Sand & Gravel
- Arctic Encounter
- ASRC Construction
- Associated General Contractors of Alaska
- ASTAC - Arctic Slope Telephone Assoc
- Avis Rent-A-Car
- Bering Straits Native Corp
- ConocoPhillips Alaska
- Conrad-Houston Insurance Agency
- Construction Machinery Industrial
- Cook Inlet Tug & Barge Inc
- Cornerstone General Contractors
- Craig Taylor Equipment
- Crowley Fuels
- Cruz Companies
- Davis Constructors & Engineers Inc
- Denali Commercial
- Denali Materials
- Donlin Gold
- Equipment Source, Inc
- First National Bank Alaska
- Fountainhead Development
- Great Northwest Inc
- Groeneveld-BEKA Lubrication Systems
- Holmes Weddle & Barcott
- Hotel Captain Cook
- JD Steel Co Inc
- JEFFCO Inc.
- Kinross Alaska
- LifeMed Alaska
- Loken Crane, Rigging and Transport
- LONG Building Technologies
- Lynden
- Material Flow & Conveyor Systems, Inc.
- Matson Inc.
- NANA Construction LLC
- Nana Regional Corp
- Nenana Heating Services, Inc
- Nortech Environmental & Engineering
- Northern Air Cargo
- Northrim Bank
- Oxford Assaying & Refining Inc
- Parker, Smith & Feek
- Personnel Plus Employment Agency
- Petro Marine Services
- PND Engineers Inc.
- Samson Tug & Barge
- Schwabe, Williamson & Wyatt, P.C.
- Sheet Metal Inc
- Span Alaska Transportation LLC
- State of Alaska Department of Health
- Stellar Designs Inc
- Summit Consulting Services - 01
- Summit Consulting Services - 02
- Summit Consulting Services - 03
- Summit Consulting Services - 04
- T. Rowe Price
- The Plans Room
- Tikigaq
- TOTE Maritime Alaska LLC
- Tutka, LLC
- Ukpeagvik Inupiat Corporation - 01
- Ukpeagvik Inupiat Corporation - 02
- Umialik Insurance Company
- United Way of Anchorage
- University of Alaska Office of Public Affairs
- Watterson Construction
- Westinghouse Electric Company LLC
- Westmark Hotels - HAP Alaska
- WillScot
- Yukon Equipment Inc
907.659.2000
907.456.2000
907.522.6466
907.335.5466
Prudhoe Bay
907.659.2000
Fairbanks
907.456.2000
Anchorage
907.522.6466
Kenai
907.335.5466
Delta Junction
907.895.9898
The Rental Zone
907.474.2000
Dynamic Routing!