Contents
Features
By Brad Joyal
By Arie Henry
Getting Goods Around the Globe
By Vanessa Orr
By Brad Joyal
About The Cover
By Brad Joyal
By Arie Henry
Getting Goods Around the Globe
By Vanessa Orr
By Brad Joyal
About The Cover
Departments
Top 49ers Special Section
By Tasha Anderson
By Tasha Anderson
Publishing Co. Anchorage, Alaska
Judy Patrick
Billie Martin
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From the Editor
‘ve been an editor for more than twenty years. I’ve edited just about everything one can imagine (seriously) and never have I been as excited about a magazine issue as I am about this issue of Alaska Business. It’s not just because it contains our annual Top 49ers special section or because, as a group, the Top 49ers reported more than $17 billion in 2018 revenue (which is the highest group total in Top 49ers history), or even that I’m in love with this year’s theme: Meanwhile in Corporateville…
It’s the amount of teamwork that went into this issue that has me saying, “Zoinks!”
Every person at Alaska Business contributed to this issue in one way or another. Each year the entire team comes up with some good, some terrible, some hilarious ideas for our Top 49ers theme; after we rip them apart and poke fun at each other, we eventually get serious and vote on our favorite. This year we chose to lighten the economic mood by celebrating the companies on the list with a pop-art, comic-book-style theme. In an impressive (some may say heroic) showing, our brand new Art Director Majestic Monica took the idea, worked fearlessly into the night, and brought the team’s idea to life.
Kathryn Mackenzie
Managing Editor, Alaska Business
ASHRM
ASHRM
n many industries, continuing education is a must in order to keep up with the latest rules and regulations and technological advancements. But finding the time and the money to send employees to these classes isn’t always a priority for businesses that are already stretched thin.
“For employers and employees, taking time out of a busy day is a burden; these days, everyone is doing more with less,” explains Anchorage Society for Human Resource Management (ASHRM) President Patty Hickok, who also serves as the membership and workforce readiness director for the Alaska SHRM State Council. “But businesses and individuals need to look at the time and cost spent on continuing education as an investment. In the human resources field, or in any field, things are changing so rapidly that employees must continue lifelong learning or get left behind. In today’s job market, the only constant is change.”
Civilians
Civilians
laska’s military bases are looking to make new hires at a rapid pace. Between Joint Base Elmendorf-Richardson’s (JBER) influx of non-appropriated funds (NAF) jobs and Civilian Personnel openings and Eielson Air Force Base’s available jobs tied to the new F-35 beddown, there are hundreds of military jobs available throughout the state. And many of them don’t require any affiliation with the military.
In July, JBER’s public affairs office issued a news release in which human resource directors estimated there are roughly 330 positions to fill between its NAF jobs—which are positions that don’t require approval from Congress—and additional openings in the Civilian Personnel office.
Although the open positions at JBER involve working on the base, the bulk of them are entry-level positions that welcome civilians even if they have little knowledge about military operations.
LifeMed Alaska
LifeMed Alaska
hether it’s for a weekend getaway, exhilarating cruise, or extended adventure to Alaska, travel insurance can help vacationers protect their trip investment. Travel insurance can cover a myriad of potential calamities, from lost luggage and travel interruption/cancellation to health emergencies and even accidental death.
There are a multitude of real-life situations in which vacation insurance becomes crucial. For example, if someone loses a piece of luggage containing important medications, travel insurance coverage assists with finding the bag or even filling an emergency prescription. Or say an extended family has been planning a big, annual reunion for months. But right before the event, a key family member gets too sick to go, and everyone decides to cancel. Travel insurance helps people get reimbursed for non-refundable deposits, pre-payments, and other covered expenses.
Yuit Communications
Yuit Communications
arketing brains know the “age of digital content” is now and has been going strong for a number of years. Digital content marketing has evolved from novel to necessary for startups and billion-dollar corporations alike. In fact, a common adage in the field is the phrase “content is king.” If that’s the case, video content is undoubtedly the supreme ruler of the land.
Cisco’s Visual Networking Index projects consumer video traffic to comprise 82 percent of all online traffic by 2021. Marketing tech company Unruly calculates that about 18 percent of internet users share videos on social networks at least once a week and that 61 percent of American Facebook users share video advertisements specifically.
ome of Alaska’s most ambitious start-ups are now among the top-earning companies in the state. The following are examples of top-producing entities that originated in Alaska and have expanded beyond its borders to serve a broad base of customers.
Alaska USA Federal Credit Union is one of the longest-standing home-grown entities in Alaska. It was established on December 6, 1948, when fifteen civil service personnel gathered in Anchorage’s Alaska Air Depot pooled their savings—and their conviction in one another—to form a member-owned credit union. “This decision was made in order to provide financial services to the personnel who had been recently transferred to Alaska,” says Senior Vice President of Corporate Relations Dan McCue. “Members began extending credit to one another while volunteering their time to operate the credit union.”
Cover design by Judy Clark Hartwig
Cover design by Judy Clark Hartwig
Wiping some spittle off my face, I took a quick peek at the papers still crushed in his grasp, praying to catch a glance of a word or a number I could extrapolate into an answer that might send him packing. “Top 49ers” and “1998” flashed in my view, and I quickly stifled a sigh of relief. “Of course, Mr. Martin,” I said, sweet as grandma’s cookies. “That’s historic Top 49ers data.”
Topping the list (and there’s no need to sit down for this, it’s not surprising) is Arctic Slope Regional Corporation; what may knock you out of your easy chair (if you did sit) is that the company increased its revenue by a whopping 23 percent year over year, reporting a skyscraping $3.4 billion in revenue for 2018.
In fact, the top eight of the Top 49ers all managed (very possibly with the aid of grappling hooks and anti-gravity boots) to hold onto their rankings this year from last year.
hat is a heroic trait? It depends on who you ask. Ask a teenager and the answer will more than likely be x-ray vision or flying. Ask a fully-grown adult and the answer will still more than likely be x-ray vision or flying.
But in a more broad (and reality-based) sense, the definition of a hero is one who goes above and beyond the norm to help others. This certainly holds true among the 2019 Top 49ers—they made the list because of their ability to garner revenue in even the toughest of financial environments, but their true power and value lies in their super-sized philanthropic abilities.
his year is the debut of Top 49er Choggiung Limited, the ANCSA village corporation for Dillingham. The corporation reported 2018 revenue of more than $95 million, propelling it to number thirty-five in the rankings. The last two years for Choggiung have been full of positive changes, including the addition of a new CEO, a significant acquisition, and positive movement throughout its business holdings.
Cameron Poindexter joined Choggiung in July of 2017 as the company’s president and CEO. He’s a Choggiung shareholder who was born and raised in Homer and Anchor Point, where his parents owned a small business, “so I gained interest in business just from the very start, working and living in an entrepreneurial family,” he says. Poindexter’s upbringing led to his decision to study business, and he earned his undergraduate degree in business management from the University of Alaska Fairbanks and MBA from the University of Alaska Anchorage.
Tyonek Services Group employees perform maintenance on an aircraft at the company’s hangar facility in Mississippi.
©Ginger Zolynsky
©Ginger Zolynsky
ast year was one of outstanding growth for Tyonek Native Corporation (TNC), which saw its revenue increase 85 percent from 2017, reporting 2018 revenue of more than $144 million. This boosted TNC up twelve spots in our Top 49ers ranks, landing them at number 25. “We’ve had pretty unprecedented, rapid growth,” says CEO Leo Barlow. “We’ve been fortunate and successfully bid a number of contracts with the US government, and in some cases we’re a preferred provider for a number of our customers.”
Barlow stepped into his role as CEO in 2016, and at the same time a new management team took the reins at TNC. “Frankly speaking, the company had strayed from its core business of government defense contracting into more commercial activity. So we brought it back together and refocused our strategies on what we were successful at, reaffirming our relationships with the US government and defense contracting personnel,” Barlow says.
©Airman Eric M. Fisher | US Air Force
©Airman Eric M. Fisher | US Air Force
ill and Helga Watterson founded Watterson Construction in Anchorage in 1981. Sixteen years later in 1997, Watterson Construction debuted as an Alaska Business Top 49er, reporting revenue of nearly $27 million in 1996. With the exception of 1998, Watterson Construction has been a Top 49er every year since. While the company has moved up and down the list, Watterson Construction has consistently found itself in the ranks of Alaska’s top earning, Alaskan-owned businesses.
This year Watterson Construction is once again climbing up, jumping 13 places to the number 35 spot, reporting more than $85 million in 2018 revenue. That’s more than double the revenue the company reported for 2017, much of which can be attributed to federal spending on construction in the Interior. Watterson Construction is one of the many companies that have secured contracts related to the F-35 beddown at Eielson Air Force Base.
Company | Rank 2019 |
2018 Revenue |
Rank 2018 |
2017 Revenue |
Rank 2017 |
2016 Revenue |
Rank 2016 |
2015 Revenue |
Rank 2015 |
2014 Revenue |
---|---|---|---|---|---|---|---|---|---|---|
Afognak Native Corporation | 7 | $643,686,000 | 7 | $608,104,000 | 8 | $474,271,000 | 8 | $457,569,000 | 7 | $505,346,000 |
Ahtna, Inc. | 14 | $284,400,000 | 16 | $238,000,000 | 16 | $217,700,000 | 18 | $188,400,000 | 18 | $185,000,000 |
Airport Equipment Rentals | 47 | $55,900,000 | 45 | $55,100,000 | 44 | $54,361,000 | 39 | $75,624,000 | 44 | $63,212,586 |
Alaska Village Electric Cooperative, Inc. | 48 | $52,400,000 | 47 | $46,500,000 | 49 | 49,500,000 | - | - | - | - |
Aleut Corporation | 16 | $252,293,053 | 19 | $211,837,206 | 20 | $171,655,823 | 28 | $137,942,098 | 28 | $120,307,293 |
Anchorage Chrysler Dodge Center | 37 | $77,738,867 | 32 | $90,546,881 | 36 | 79,853,962 | 30 | $89,313,811 | 30 | $97,752,543 |
Arctic Slope Regional Corporation | 1 | $3,396,783,000 | 1 | $2,697,862,000 | 1 | $2,371,164,000 | 1 | $2,515,377,000 | 1 | $2,663,540,000 |
Bering Straits Native Corporation | 12 | $415,000,000 | 11 | $357,900,000 | 10 | $326,000,000 | 11 | $304,404,000 | 12 | $229,482,000 |
Bethel Native Corporation | 23 | $153,715,435 | 29 | $99,197,518 | 37 | $71,771,183 | 45 | 54,275,351 | - | - |
Bristol Bay Native Corporation | 2 | $1,689,014,000 | 2 | $1,659,345,000 | 2 | $1,525,181,000 | 3 | $1,512,022,000 | 2 | $1,736,084,000 |
Calista Corporation | 8 | $575,474,000 | 8 | $480,200,000 | 7 | $492,200,000 | 7 | $460,100,000 | 8 | $401,900,000 |
Cape Fox Corporation | 39 | $68,500,055 | 42 | $60,632,693 | 41 | 63,532,532 | - | - | - | - |
Chenega Corporation | 6 | $830,000,000 | 6 | $876,000,000 | 4 | $927,000,000 | 5 | $882,000,000 | 5 | $885,000,000 |
Choggiung Ltd. | 33 | $95,700,000 | - | - | - | - | - | - | - | - |
Chugach Alaska Corporation | 5 | $949,000,0000 | 5 | $920,000,000 | 6 | $842,000,000 | 6 | $758,000,000 | 6 | $626,000,000 |
Chugach Electric Association | 20 | $202,253,000 | 18 | $224,689,000 | 17 | $197,747,579 | 16 | $216,421,152 | 13 | $281,318,513 |
Colville | 34 | $98,699,990 | 34 | $87,479,056 | 31 | $96,299,358 | 25 | $132,986,277 | 26 | $125,690,815 |
Construction Machinery Industrial | 31 | $105,000,000 | 31 | $98,500,000 | 29 | $98,000,000 | 30 | $105,000,000 | 25 | $127,000,000 |
Rank 2019: 7
2018 Revenue: $643,686,000
Rank 2018: 7
2017 Revenue: $608,104,000
Rank 2017: 8
2016 Revenue: $474,271,000
Rank 2016: 8
2015 Revenue: $457,569,000
Rank 2015: 7
2014 Revenue: $505,346,000
Rank 2019: 14
2018 Revenue: $284,400,000
Rank 2018: 16
2017 Revenue: $238,000,000
Rank 2017: 16
2016 Revenue: $217,700,000
Rank 2016: 18
2015 Revenue: $188,400,000
Rank 2015: 18
2014 Revenue: $185,000,000
Rank 2019: 47
2018 Revenue: $55,900,000
Rank 2018: 45
2017 Revenue: $55,100,000
Rank 2017: 44
2016 Revenue: $54,361,000
Rank 2016: 39
2015 Revenue: $75,624,000
Rank 2015: 44
2014 Revenue: $63,212,586
TransGroup Global Logistics
TransGroup Global Logistics
TransGroup Global Logistics
BlueCrest Energy
all is well underway, and with it signs that Alaska’s oil and gas industry is busy preparing for the 2019-2020 winter drilling season. Available project details indicate a winter season that expands upon last season’s successes, continued exploration in the Nanushuk Formation, and the design and implementation of new technologies to help companies better identify potential prospects and guide future exploration.
Project Timelines
“These days companies are looking really at January [as a start date] so they can ensure the ice infrastructure will be in place,” says Graham Smith, permitting section chief with the Alaska Division of Oil and Gas. “The flood of permits, meetings, and planning sessions these days is happening more in the September/October timeframe, although we’re starting to see some applications come in August.”
Smith says that while the Division historically likes to know what projects are in the pipeline, they encourage companies to hold off on submitting permit applications until all the details are finalized.
“These projects can go through many different iterations, and in the past we’ve dedicated staff time and resources to processing permit applications only to have the company come back and say, ‘Plans changed, now this is what we’re actually going to do,’” Smith explains. “When it comes to the permitting aspect, we ask that they come in when they’re actually ready to roll.”
Anchorage Economic Development Corporation President and CEO Bill Popp says the short-term outlook for drilling this winter looks promising, even though the state won’t see an immediate financial benefit.
“I think we’ve got some things to be optimistic about in terms of increased activity, but it’s going to be awhile before that impact has any impact on the state treasury,” he says.
NBBJ/©Benjamin Benschneider
all is well underway, and with it signs that Alaska’s oil and gas industry is busy preparing for the 2019-2020 winter drilling season. Available project details indicate a winter season that expands upon last season’s successes, continued exploration in the Nanushuk Formation, and the design and implementation of new technologies to help companies better identify potential prospects and guide future exploration.
Project Timelines
“These days companies are looking really at January [as a start date] so they can ensure the ice infrastructure will be in place,” says Graham Smith, permitting section chief with the Alaska Division of Oil and Gas. “The flood of permits, meetings, and planning sessions these days is happening more in the September/October timeframe, although we’re starting to see some applications come in August.”
Hands
on
Deck
Hands
on
Deck
Coastwise Corporation
t’s easy to marvel at the size and scope of the large marine vessels that pull into port in Glacier Bay, Juneau, Ketchikan, or Sitka. Between their size, design, and stature, the sight of some of the vessels can take a person’s breath away.
At a Glance
I have a copy of the The Lord of the Rings by
J. R. R. Tolkien. I actually reread that story quite often.
What movie do you recommend to everyone?
I recently saw Green Book and thought it was well acted and well written. Of course, I am a big Marvel fan and have seen all the movies. I was a comic book fan as a kid and like how they have recreated the look and feel of the old printed comics.
What’s the first thing you do after work?
I have a pretty long day and like to spend it with my wife as much as I can to keep some work/life balance.
If you couldn’t live in Alaska, where would you live?
I like Hawaii, but my wife does not like living on an island (even though Alaska is one). I guess Eastern Washington would be a second choice given its four distinct seasons.
If you could domesticate a wild animal what animal would it be?
Probably kind of dangerous, but I have always liked lynx.
At a Glance
I have a copy of the The Lord of the Rings by
J. R. R. Tolkien. I actually reread that story quite often.
What movie do you recommend to everyone?
I recently saw Green Book and thought it was well acted and well written. Of course, I am a big Marvel fan and have seen all the movies. I was a comic book fan as a kid and like how they have recreated the look and feel of the old printed comics.
What’s the first thing you do after work?
I have a pretty long day and like to spend it with my wife as much as I can to keep some work/life balance.
If you couldn’t live in Alaska, where would you live?
I like Hawaii, but my wife does not like living on an island (even though Alaska is one). I guess Eastern Washington would be a second choice given its four distinct seasons.
If you could domesticate a wild animal what animal would it be?
Probably kind of dangerous, but I have always liked lynx.
Off the Cuff
ichael Burke was named the CEO at MTA in September 2015 and brings with him more than thirty-five years of experience with telecommunications and technology matters. He has worked in senior management for a diverse number of companies, including the Anchorage Telephone Utility, TelAlaska, and Alaska Fiber Star/WCI Cable. In addition, prior to MTA, Burke ran his own management/utility consulting company for fourteen years, where he worked on a number of regulatory and strategic projects and also served as an expert witness before regulatory agencies in Alaska, California, and Hawaii. Burke has a BA in accounting from Seattle University and is a CPA in the State of Alaska. [Editor’s Note: Sending a Hulk-sized thank you to BOSCO’s for supporting our super-secret mission to capture Michael Burke’s image at your command center.]
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or many travelers amenities play a pivotal part when picking the perfect hotel—for some a stunning view is requisite, for others a giant, garden tub to soak their cares away is imperative, and then there are those who want something a little more… ethereal. For adventurers in pursuit of a spooky experience, we present Alaska’s most haunted hotels (reportedly).
Over the years guests at “one of the most haunted hotels in Alaska” report seeing the ghosts of children, a woman who died and appears in her wedding dress, and Anchorage’s first Chief of Police, Jack Sturgus, who was shot and killed near the hotel in 1921 and is said to be seeking justice for this still unsolved crime. For those in search of a ghostly experience, make sure to request room 215 or 217, both reported to be the most active with spirits.
historicanchoragehotel.com
Hotel Captain Cook
The women’s bathroom, in particular the last stall on the left, is the spiritual hotspot at the Hotel Captain Cook. The story goes that the young woman who took her life in the bathroom is so angry and caused such a ruckus and feelings of unease among visitors and staff over the years that hotel management eventually decided to solve the problem by bolting the stall door shut. It remains bolted shut today, though whether the spirit is contained inside is up for debate.
captaincook.com
Business Events
Approximately 1,600 employees are currently associated with BP’s Alaska business and BP is committed to providing clarity about their future as soon as possible as part of the transition process with Hilcorp.
Hilcorp has been operating in Alaska since 2012 and is today the largest private oil and gas operator in the state, currently operating more than 75,000 barrels of oil equivalent a day gross production. bp.com/us | hilcorp.com
Alaska Trends
*Financial data has not been adjusted for INFLATION.
*Financial data has not been adjusted for INFLATION.