State Resources


Alaska Business Resources

Energy is the largest industry in Alaska today, thanks in large part to the Prudhoe Bay oil and gas reservoir. The reservoir, which is the largest in North America, helps Alaska to produce about 20 percent of U.S. oil supply. Alaska’s second largest industry is tourism. Each year, the state welcomes over one million tourists, who bring in $1.5 billion to the local economy. Other large industries include fishing, timber, mining, and agriculture.

Two governmental policies unique to the state are taxation and the Alaskan Permanent Fund. Alaska is the only state that does not charge personal sales or income taxes. Government funding largely comes through petroleum revenues. In addition, the Alaskan Permanent Fund collects oil royalties and manages them through capital investment to provide residents with annual dividends, ranging from $331.29 in 1984 to $1963.86 in 2000.

Business Data

Per Capita Real GDP$43,748 Rank: 6/50 (2006)
Population626,932 Rank: 48/50 (2000)
Per Capita Personal Income$37,271 Rank: 16/50 (2006)
Unemployment Rate6.50% Rank: 49/50 (2008)
Business Tax Climate IndexRank: 4/50 (2008)
Corporate Tax Rate1% - 9.4%
Individual Tax Rate 0
Sales Tax Rate 0 - 7%

Business Tax Climate Index

Individual Income Tax Index Rank1
Sales Tax Index Rank5
Unemployment Insurance Tax Index Rank47
Property Tax Index Rank22
Business Tax Climate Index4
Corporate Tax Index Rank26

State Information

AbbreviationAK
CapitalJuneau
Nick NameLast Frontier
State Web Sitehttp://www.alaska.gov
MottoNorth to the Future

Top 5 Export Partner Countries

Japan, Korea, South, China, Canada, Germany

Top 5 Export Merchandise

Petroleum and Coal Products Sales

Major Cities

Anchorage municipality (Population 279,67) Fairbanks (Population 34,540) Juneau (Population 30,690)

GDP

Total Gross Domestic Product (USD Millions) $44,517.00 (2007)
Per Capita Real GDP (USD)$44,807.00 Rank: 7 (2007)

Population Stats

Population 686,293 Rank: 47 (2008)

Age Distribution

Under 18 Population190,717
Under 18 Percent of Total Population30%
65 and older Population35,699
65 and older Percent of Total Population6%

Gender Distribution

Male Population51.7%
Female Population48.3%
Non-English Speaker (at home)64,217
Net International Immigration5,800
Birth Rate15.8%
Percent of People Under Poverty Level11.2%
Rank33

Expenditure

Per Capita State Spending$12,504
Rank1
Energy Expenditures per Person$9,080
Expenditures of State and Local Government Employee-Retirement Systems$799,581

Revenue

Personal Income$30,787
Rank16
State Internal Revenue Collection$4,287,200
Rank47
Cash and Deposits by State Government$375,478
Per Capita State Tax Collection$3,689
Rank4

Education

High School Graduation Rate62%
Rank42
Percent of Population with a Bachelor's Degree16.5%
Rank28
Percent of Population with an Advanced Degree9.7%
Rank19

Largest Universities

University of Alaska, Anchorage University of Alaska, Fairbanks University of Alaska, Southeast
High School Graduation Rate62%

Logistics

Public Road Length (Mile)14,787
Gas Tax Rate (%)8%
Highway Planning and Construction (USD Thousands)297,346
Number of Public Airports406

Main Airports

ANC: Anchorage FAI: Fairbanks

Ports

Anchorage Kivilina Nikishka Valdez

Weather


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State Business Links

Anchorage Daily News
http://www.adn.com/

Secretary of State

Small Business Administration

Alaska Small Business Administration
http://www.sba.gov/localresources/district/ak/index.html
Active SBA Participating Lenders In Alaska · Resources for Alaskan Small Business Owners

Top 10 Business Links

Alaska Statistics Index
http://library.state.ak.us/asp/statestatistics.html
This page provides a variety of Alaska specific statistics on a wealth of different subjects.
Alaska World Affairs Council
http://www.alaskaworldaffairs.org/
This council is an educational organization focused on stimulating interest in world affairs. It provides a series of internationally focused seminars on various global issues.
Establishing a Business in Alaska
http://www.commerce.state.ak.us/investments/pdf/EstablishingABusiness.pdf
This PDF file is a guide to starting a business in Alaska. Topics discussed include requirements for starting a business, selecting the form of organization, license and regulation requirements, labor laws, taxes, government, business assistance, financial assistance, environmental protection, and information resources. (updated yearly)
Resource Development Council
http://www.akrdc.org/
This website provides overviews of the main industries in Alaska. In addition, there is an in-depth exploration of various facts and issues related to these industries, as well as information on legislature and upcoming events.
U.S. Export Assistance Center of Alaska
http://www.buyusa.gov/alaska/
The Alaska branch of the Department of Commerce that specializes in helping small to medium sized companies develop and execute exporting strategies. Fees vary and are based on the service being provided.
World Trade Center Alaska
http://www.wtcak.org/
WTCAK is a private organization offering international trade and business services for Alaskan businesses. It helps member businesses compete globally by addressing five core subjects: trade capacity, trade development, trade facility, trade service, and trade network.

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Business Resources
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