The Anchorage Economic Development Corporation (AEDC) hosted its annual 3-Year Outlook luncheon on Wednesday. The event featured updates from the AEDC board and staff, Mayor Bronson and Keynote speaker Mick Cornett.
As it was in 2022, the tone was optimistic. There are definite bright spots in the Anchorage economy even though AEDC President and CEO, Bill Popp noted that we are at a crossroads and Anchorage’s future success depends on the path taken.
The 2023 AEDC Three-Year Outlook Report, sponsored by Northrim Bank, offers a look at back at the past few years and a forecast through 2026. Positive areas in this year’s report include oil and gas, port volume, tourism, and Air Cargo where Anchorage is now the third busiest cargo airport in the world.
The jobs report for January through June is strong. Jobs are up 2.4 percent, year to date. Many employers note that it is becoming increasingly harder to hire new employees. Seventy percent of working age adults in Anchorage are in the active workforce. A statistic that was highlighted by Popp was the fact that 25 percent of jobs in Anchorage are held by someone who does not live in the Municipality. This include people who commute from other areas of the state and those who work remotely, outside of Alaska.
A full look at AEDC’s report are on their website. The reports provide further insight into the outlook report. A series of videos will be available the second week of August and will highlight more of the forecast for the coming years in Anchorage.
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