The in-state investments are part of a broader shift: This year, about 20% of the fund will be invested in private equity investments impossible for the public to inspect.
Business
Barnacle Foods salvaged many of the kelp pickles they thought they lost in Juneau warehouse collapse
In mid-January, heavy snow and rain caused some Juneau roofs to collapse. One of the hardest hit structures was a warehouse that held 10,000 jars of kelp pickles.
Ravn Alaska company creates a cryptocurrency for its mileage rewards program
The parent company of the state’s biggest rural airline has created a cryptocurrency to reward fliers with a digital token that, according to plans, could soon be traded on exchanges like Bitcoin is today.
Joint venture between Doyon and Huna Totem invests in Juneau tour bus company
The new partnership has acquired an 80% majority share in Alaska Coach Tours, a Juneau-headquartered company they think can expand statewide.
Juneau Assembly OKs ‘Peratrovich Plaza,’ controversial rezone and $20M in hospital debt
Concerns over rezoning 15 acres along North Douglas Highway have ranged from road congestion, to the impact on housing stock, to public opinion, to economic inequities.
Alaska electric utilities are proposing new rates for fast charging stations for electric cars
Under current rate schedules, it can be really expensive to run an EV fast charger. If utilities lower rates for and overcorrect, then everyone could be paying for the people who use these charging stations.
An Anchorage restaurant operator says the pandemic is still hitting the industry hard
Restaurants are going on two years of income uncertainty and staffing challenges due to COVID-19.
Barge rate hikes add to rising grocery costs in Wrangell
Barge rates have gone up in the new year across Southeast Alaska. But the rising cost of hauling goods into coastal communities isn’t the only reason a trip to the grocery store might be more expensive.
USDA approves Alaska’s industrial hemp plan
The head of the state’s agriculture division says hemp holds a lot of economic promise for Alaska.
EPA announces next step in veto process for Pebble; mine opponents say the agency is too slow
EPA sent a letter to the Army Corps of Engineers, the chief executive of Pebble Limited Partnership, the state Department of Natural Resources, and Chuchuna Minerals Company announcing its plan. It says EPA still has reason to believe that the discharge of materials from the proposed mine could lead to “unacceptable adverse effects on important fishery areas.”