In The News
Economists: Things OK for 2012, watch out for year after
This year looks OK. Watch out for next year. That's what the team at Northern Economics says as they peer into the crystal ball. Jonathan King, senior economist at Northern Economics, an Anchorage-based consulting firm, presented the Alaska portion of t read more
This year looks OK. Watch out for next year.
That's what the team at Northern Economics says as they peer into the crystal ball.
Jonathan King, senior economist at Northern Economics, an Anchorage-based consulting firm, presented the Alaska portion of the World Trade Center Alaska's annual economic outlook presentation Jan. 18, along with Wells Fargo Bank's Aryan Vasquez, senior economist and vice president for global emerging markets, who spoke to the global economy.
Read more: http://www.alaskajournal.com/Alaska-Journal-of-Commerce/AJOC-January-29-2012/Economists-Things-OK-for-2012-watch-out-for-year-after/
> Economists: Things OK for 2012, watch out for year after
AJOC, 1-26-2012
Harbor hums with economic activity - Even in winter
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Northern Economics analyzed the regional benefits of the harbor in Homer, Alaska in 2008. Our work was quoted in a news article highlighting the economic impact of the harbor.
> Harbor hums with economic activity — Even in winter
Homer News, 1/25/12
Alaska economic outlook good for 2012
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Northern Economics delivered its 2012 annual economic forecast to World Trade Center Alaska luncheons in Fairbanks, Anchorage, and Juneau.
> Article in Juneau Empire
Alaskans' Holiday Spending Up This Year, Projections Show
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A Dec. 23 survey by Northern Economics of over 700 households revealed that Alaskans planned to spend $1,333 this holiday season, compared to $1,275 in 2010.
> Alaskans' Holiday Spending Up This Year, Projections Show
KTUU, 12/28/11
State report: Kodiak airport creates 130 local jobs
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Kodiak's airport is even more important to the island's economy than previously thought.
That's the conclusion from a new report by Anchorage’s Northern Economics, a consulting firm hired by the Alaska Department of Transportation and Public Facilities.
> State report: Kodiak airport creates 130 local jobs
Kodiak Daily Mirror, 2011-11-09
Airports Prove Vital to State Economy
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Alaska Airports are key drivers of the state's economy and an area for growth. That's the message of Deputy Commissioner of Aviation Steve Hatter. Hatter was in Fairbanks for a quarterly meeting of the Governor's Aviation Advisory Board, and also spoke to the Fairbanks Chamber of Commerce. Alaska is a major stopover for international air carriers. Anchorage is among the world's busiest cargo airports and Fairbanks is in the top 100. Hatter says Alaska is well positioned as a refueling stop.
> Airports Prove Vital to State Economy
Alaska Public Radio, 11/2/2011
JIA adds $140M to city's 2009 GDP
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A new study by the Department of Transportation & Public Facilities on the economic impacts of Alaska's airports shows the aviation industry contributes 47,000 jobs and $3.5 billion to the state economy, and Juneau International Airport sees a significant part of that action.
The 2011 Economic and Community Contributions of Selected Alaska Airports by Northern Economics Inc. studies the economic and community significance of 12 airports across Alaska, including Juneau's.
> JIA adds $140M to city's 2009 GDP
Juneau Empire, 2011-11-02
Report: Seafood still ranks as employment, economic leader
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A new report produced by an Anchorage economics firm shows that Alaska's seafood industry remains a robust global leader in development of sustainable commercial fisheries, the Marine Conservation Alliance said Feb. 22.
The study by Northern Economics, financed by MCA, is an update of the 2009 Seafood Industry in Alaska's Economy report produced by Northern Economics.
> Report: Seafood still ranks as employment, economic leader
Alaska Dispatch, 2/23/11
New report on national benefits of OCS development
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Northern Economics and the University of Alaska Anchorage’s Institute of Social and Economic Research recently completed a new study on potential national-level benefits of Alaska Arctic OCS development in the Chukchi and Beaufort Seas. This report builds on a previous study of potential state-level benefits using the same methodology and assumptions.
To view the reports, see the current work column to the left.
Northern Economics presents 2011 statewide economic forecast
WTCAK Annual Statewide Economic Forecast read more
Northern Economics, Inc. presented its annual statewide economic forecast for 2011 at the World Trade Center Alaska Economic Forecast luncheons on January 18, 19, and 20. Jonathan King presented the forecast on January 18 in Fairbanks and January 20 in Juneau, while Pat Burden presented in Anchorage on January 19.
> WTCAK Economic Forecast Presentation 2010 (ANC version)
January 19, 2011
Alaskans' Christmas Spending Likely Slipping from Last Year's Levels
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Roughly twice as many Alaskans say that they're going to spend less this year on Christmas than say they're going to spend more this year according to supplemental questions to Northern Economics' quarterly Alaska Confidence Review survey. More than 37 percent of respondents said that their household would be spending less this Christmas as compared to the 18.7 percent who said their household would be spending more this year. The portion that said they would spend less was just slightly smaller than the 42.4 percent who said their spending would say the same.
> Alaskans' Christmas Spending Likely Slipping from Last Year's Levels
Northern Economics, Inc., 12-21-2010
Alaskans' Confidence in their Personal Financial Security Slips in the Third Quarter
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The number of Alaskans describing their local and state economies as 'Good or Very Good' edged slightly upward in the 3rd quarter of 2010, changing direction from earlier results. In a continuing trend, however, Alaskans continued to feel less secure about their family's current financial status.
> Full Press Release
Northern Economics November 16, 2010
NEI and APCM host first event of Alaska's Economic Future Series
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Northern Economics, Inc. and Alaska Permanent Capital Management hosted the first economic outlook seminar of the Alaska's Economic Future Series.
> Northern Economics' presentation
2010-09-22
> Alaska Permanent Capital Management's presentation
2010-09-22
Northern Economics, Inc. Launches the Alaska Confidence Review
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Northern Economics, Inc. has launched a new project to measure Alaskans’ confidence in the state’s economy and their personal finances—the Alaska Confidence Review.
Over the coming years on a quarterly basis, Northern Economics will release the Alaska Confidence Review, a survey-based index that tracks Alaskans’ confidence in, and expectations for, the state’s economy as well as their own personal finances. This endeavor fills an important niche in the information available to state officials, lawmakers, business owners, and the public by providing a scientific and statistically valid measure of public confidence in Alaska’s economy.
See the full press release below for some highlights of the survey.
> Full press release
Northern Economics, Inc., May 19, 2010
Whittier Small Boat Harbor study proposes 70 percent rate increase
The Turnagain Times covered our Whittier harbor rates presentation, in which we presented a set of harbor rate increases based on the approved new harbor design. The article contained a few errors; click "read more" for corrections. read more
Corrections:
1. The meeting was Saturday, March 20, not March 30.
2. The engineers who completed the 2006 study are PND Engineers, Inc. They were formerly Peratrovich, Nottingham, and Drage, Inc. (not Petrovich, Nottingham and Dredge Engineers Inc.).
3. In the second to the last paragraph, it says that we "added that the City of Whittier has agreed to assume the harbor debt." That statement is incorrect. The financing plan has not been developed and the city has not discussed its willingness to accept the debt burden.
> Whittier Small Boat Harbor study proposes 70 percent rate increase
Northern Economics publishes in-state gas demand study
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A team led by Northern Economics, Inc. released its in-state gas demand study this week, which looked at projected in-state gas demand for TransCanada Alaska.
> In-state gas demand may overtake state, TransCan contract
Tim Bradner, Alaska Journal of Commerce, February 12, 2010
> In-state gas needs study looks at two periods
Kristen Nelson, Petroleum News, Week of February 14, 2010
Northern Economics is hiring
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Please view our position announcement on our employment page.
> View the position announcement here
Northern Economics invites you to attend the In-state Gas Demand Study Technical Conference
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View the invitation to learn more about the conference.
Anchorage Marriott Hotel
Anchorage Room (second floor)
820 West 7th Avenue
February 4, 2010
2:00pm-4:30pm
> View the invitation here
Northern Economics presents 2010 statewide economic forecast
WTCAK Annual Statewide Economic Forecast read more
Northern Economics, Inc. presented its annual statewide economic forecast for 2010 at the World Trade Center Alaska Economic Forecast luncheons on January 12, 13, and 14. Marcus Hartley presented the forecast on January 12 in Fairbanks, followed by presentations by Pat Burden in Anchorage on January 13 and Jonathan King in Juneau on January 14.
> WTCAK Economic Forecast Presentation 2010 (ANC version)
January 13, 2010
Northern Economics hires new Staff Analyst
Northern Economics hired Alexus Bond as a Staff Analyst, starting August 31. read more
Northern Economics hired Alexus Bond as a Staff Analyst, starting August 31. Alexus was formerly a Management Associate with the transportation company American President Lines.
Northern Economics Recruiting-Staff Analyst
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Northern Economics is recruiting for permanent full-time technical position in our Anchorage office. See the position opening under "About Us" or follow the link below.
> Position Description
Shell releases report on OCS economic effects
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Shell Exploration & Production retained Northern Economics, Inc. and the Institute of Social and Economic Research at the University of Alaska Anchorage to evaluate the potential economic effects of Outer Continental Shelf exploration, development, and production over the next 50 years. The report and the study findings were presented to the public on March 9, 2009.
> Full Northern Economics Report on OCS
Shell March 3, 2009
Northern Economics presents 2009 statewide economic forecast
WTCAK Annual Statewide Economic Forecast read more
Northern Economics, Inc. presented its annual statewide economic forecast for 2009 at the World Trade Center Alaska Economic Forecast luncheons on January 20, 21, and 22. Marcus Hartley presented the forecast on January 20 in Fairbanks, followed by presentations by Pat Burden in Anchorage on January 21 and Juneau on January 22.
> WTCAK Economic Forecast Presentation 2009
January 22, 2009
> Recession forecast to hit Alaska in 2009
January 20, 2009
Bellingham/Whatcom Housing Affordability Study
Housing Affordability Study read more
Under contract with Beckwith Consulting Northern Economics assisted the City of Bellingham and Whatcom County to understand the demand for affordable housing in Whatcom County. Northern Economics analyzed county-wide demographic data to understand which community members are under-served, and project what the demand for affordable housing may be in 2013.
> Tough economy a drag on affordable housing
2008-12-01
Jonathan King presents at RDC Conference
King's presentation covered the impact of the financial crisis on RDC Industries read more
Senior Economist and Principal Jonathan King made the closing presentation at the 2008 RDC Conference. King's presentation titled Financial Crisis and Global Economic Recession: Outlook for Alaska Resource Industries In 2009 surveyed how the current financial crisis will affect the RDC's industries.
> Economy most likely to hurt tourism, mining
11/21/2008
> RDC Conference Presentations and Videos
11/20/2008
Matanuska-Susitna Borough Central Landfill Cost Analysis
Analysis covering the issues of garbage compaction rates on short and long-term landfill operation costs... read more
Matanuska-Susitna Borough Central Landfill Cost Analysis
Northern Economics Inc preformed an analysis of the Matanuska-Susitna Borough's (MSB) central landfill for the MSB. The analysis covered the issues of garbage compaction rates on short and long-term landfill operation costs and staffing operations with MSB employees versus private contractors.
> Borough proposes raising property taxes
Anchorage Daily News, 4/18/08
Port MacKenzie Pipeline Benefits
Evaluating the potential savings in logistics costs that might be realized for the proposed natural gas pipeline from Alaska's North Slope to North American markets. read more
Northern Economics, Inc. evaluated the potential savings in logistics costs that might be realized for the proposed natural gas pipeline from Alaska's North Slope to North American markets. Northern Economics, working with Michael Baker Jr., Inc., estimated the total volume of freight, including pipe, fuel, modules, and other supplies that would be required for the constructing the pipeline from Atigun Pass to the Canadian border. The pipeline north of Atigun Pass is anticipated to be supported by barge transport to the North Slope. The consultant team developed transportation cost estimates from Port MacKenzie, Anchorage, Seward, Whittier, and Valdez to the four construction segments of the pipeline project, and documented other potential savings that might be associated with each port site. The transportation costs from Port MacKenzie were estimated with the existing highway structure, and assuming that a rail extension would be constructed from Port MacKenzie to the Alaska Railroad Corporation's mainline near Willow.
> Rail route is the key for using MacKenzie
Anchorage Daily News, 3/18/08
2008 Economic Forecast
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Northern Economics president Pat Burden gave a statewide economic overview
> Two forecasts call for flat economy in 2008
Alaska Journal of Commerce, 2/10/08
> Alaska attractive to foreign tourists
Anchorage Daily News, 3/14/08
Mat-Su Borough Prison Study
Examining the economic impacts of building a prison in the Mat-Su Borough read more
Northern Economics Inc performed an analysis of the economic impacts of building a prison in the Mat-Su Borough, including annual updates. The studies looked at employment created by the prison in addition to impacts on surrounding property values and the impact on tourism in the area.
> Prison proposals set for spring: Scaled-down project would house over 1,500 prisoners.
Anchorage Daily News, 2/4/08
The World Geoduck Market & the Potential for Geoduck Aquaculture on Washington State Lands
Northern Economics conducts in-depth study of the world Geoduck market read more
The State of Washington derives revenue from auctioning the rights to the wild geoduck fishery and also faced a decision about whether to allow culture practices on its own inter-tidal lands. Northern Economics conducted an in-depth study of the world market, the potential for that market to change as private culture companies develop, and the potential effect on world markets of culture production from public lands.
> The Dark Side of Geoducks
Audubonmagazine.org