UNEMPLOYMENT RATE ANNUAL - AEDC · aed c 2011 annual ort p re annual median household income $72,128 2011 unemployment rate 6.1% reported employment 154,300

AEDC 2011 ANNUAL REPORT

ANNUALMEDIAN HOUSEHOLD INCOME$72,128

2011 UNEMPLOYMENT RATE6.1%

REPORTED EMPLOYMENT154,300

AEDC PROMOTES ECONOMIC GROWTH

MISSION

PRESIDENT’S MESSAGE 1

CHAIRMAN’S MESSAGE 1

LIVE.WORK.PLAY. 2

AEDC HIGHLIGHTS 3

AEDC EVENTS & NEWS 4

ANCHORAGE HIGHLIGHTS 6

RESOURCES 8

FINANCIAL DATA 9

INVESTORS & PARTNERS 10

BOARD OF DIRECTORS 12

AEDC EXISTS TO GROW AND DIVERSIFY THE ANCHORAGE ECONOMY.

AEDC 2011 ANNUAL REPORT • 1

PRESIDENT’S MESSAGE BILL POPPPRESIDENT & CEO, AEDC

CHAIRMAN’S MESSAGEGREG PEARCEVICE PRESIDENT & GENERAL MANAGER, COMMERCIAL SERVICES, GCI

AEDC EXISTS TO GROW AND DIVERSIFY THE ANCHORAGE ECONOMY.

HIGHLIGHTS

BUSINESS DEVELOPMENT ASSISTANCE63% 37%27 17 10

IN-STATE OUT-OF-STATECOMPANIES ASSISTED

10,903,173 MEDIA IMPRESSIONS

$456,808.56 AD EQUIVALENCY


IN-STATE OUT-OF-STATECOMPANIES ASSISTEDBUSINESS DEVELOPMENT ASSISTANCE

72% 28%54 39 15IN-STATE OUT-OF-STATECOMPANIES ASSISTED

9,723,852MEDIA IMPRESSIONS

$1,212,323.50AD EQUIVALENCY


IN-STATE OUT-OF-STATECOMPANIES ASSISTED

991,136MEDIA IMPRESSIONS

$57,589.23 AD EQUIVALENCY


$2,032,286.23 AD EQUIVALENCY

28 NATIONAL BUSINESS STORIES

15 NATIONAL QUALITY OF LIFE STORIES

148 LOCAL STORIES

Q1

Q2

Q3

Q4

YEARLY HIGHLIGHTS

AEDC

BUSINESS DEVELOPMENT ASSISTANCE64% 33%


$305,564.94AD EQUIVALENCY

24 14 8IN-STATE OUT-OF-STATECOMPANIES ASSISTED


We provide a robust spectrum of employment opportunities with affordable housing, health care and education.ANCHORAGE RANKS #10

We have a consistent business environment of resource development and information technology, offering low unemployment rates, with household incomes and a standard of living ranking among the highest in the country.ANCHORAGE RANKS #1

We have a rugged and healthy population because our homes are within a short distance of parks and trails that provide a natural outdoor experience.ANCHORAGE RANKS #9

BY 2025 ANCHORAGE WILL BE THE

#1 CITY TO

2 • AEDC 2011 ANNUAL REPORT

LIVE.WORK.PLAY.

What Is Live. Work. Play? LWP is a grassroots effort focused on community improvement

and engagement for the people who live in Anchorage. Most

cities in America have a similar initiative; the difference is we

are actually measuring our city and how we rank.

What’s Next?• Decide what issues to address

• Identify groups already involved in

addressing the issues

• Develop an action plan

• Report back to the community on progress

MIKE PROZERALIKLWP CHAIR

Click for more info.

IN AMERICA


Q1

Q3 Q4

EVENTS & NEWSAEDC HIGHLIGHTS

ECONOMIC FORECASTEconomic Forecast Luncheon featuring Peter Sheahan, release of AEDC 2012 Economic Forecast Repor t and 2011 Business Conf idence Index

LIVE.WORK.PLAY.Live. Work. Play. survey launched asking two questions: Why do you live here? Why would you leave?

RESOURCE EXTRACTION

Resource Extraction Repor t released on the 10 year outlook of Alaska’s oil, gas and mining projects done in par tnership with Petroleum News and North of 60

Mining. Featured speaker Dave Witte, Executive Vice President of CMAI spoke on his view of global chemical industry trends and oppor tunities

SITE SELECTOR FAM TRIP

AEDC brought up national site selectors for a familiarization trip to meet with policy makers and tour infrastructure

KPB ARCHITECTS INVESTOR RECEPTION

BiNW INVESTOR RECEPTION


Q2 Q3

IEDC SPRING CONVENTIONAEDC attend IEDC spring convention in Indianapolis, IN and met face-to-face with over 50 national & international site selectors

ECONOMIC OUTLOOKEconomic Outlook Luncheon featuring Kur t Anderson and the release of the AEDC 2011 3-Year Outlook Repor t

2011 Annual Outlook Luncheon"ALASKA: UNDERSTANDING YESTERDAY AND EMBRACING TOMORROW"

SAVE THE DATE

Wednesday, July 27Noon – 1:30 p.m.Doors open at 11:30 a.m.Dena’ina Civic & Convention Center

Register at AEDCweb.com or call 258-3700

PRIMARY SPONSORS:

SPONSORS:Alaska CommunicationsAlaska Regional Council of CarpentersAlaska Regional Hospital

Alaska USA Federal Credit UnionThe Wilson AgencyTotem Ocean Trailer Express, Inc.

BOOK PATRON:BiNW

GIFT BAG SPONSOR:Roger Hickel Contracting

KEYNOTE SPEAKER SPONSOR:

AEDC will provide a mid-year update to the 2011 economic forecast as well as a three-year Anchorage economic outlook.

Kurt Andersen, a critically acclaimed best-selling author of multiple books including RESET: How This Crisis Can Restore Our Values and Renew America and co-host of the award winning public radio program Studio 360 will present "RESET: The History and Future of Renewal and Reinvention for America and Americans."

IEDC ANNUAL CONVENTION

AEDC attend IEDC Annual Convention in Charlotte, North Carolina where AEDC’s business retention and

expansion newsletter was highlighted as an excellent example of how to communicate with site selectors. AEDC met with 20 national & international site selectors.SPRING FLING EVENT

Spring Fling event with Alaska Distillery, YourAlaskaLink.com and South

LIVE.WORK.PLAY. LOGOAEDC Annual Meeting held with the establishment of the Advocacy Committee & Economic Development Committee and the release of the Live. Work. Play. logo, narrative and metrics. Logo designed pro bono by Solstice Adver tising

ROUNDTABLE REPORTAEDC Stakeholder Roundtable Repor t released

ANC RESEARCH CONDUCTEDANC Economic Impacts Research conducted

HOLIDAY PARTY

Holiday Par ty with the offices of Don Young, Lisa Murkowski, Mark Begich and Brooks Range Petroleum

AEDC Investor kpb architects celebrates 30th anniversary

AEDC Investor BiNW celebrates 4th year in business in Alaska

ECONOMIC IMPACT

“Everybody Loves Whales” Economic Impacts Repor t completed

Oil, Gas & Mining

Government*

Trade

Business & Professional Services

Leisure & Hospitality

Health & Educational Services**

Construction

Transportation

Financial Activities

Other Services

Information

Manufacturing


2010 2011

1ST QTR 2ND QTR 3RD QTR 4TH QTR

$32

7,42

9

$31

9,26

7

$32

6,74

9

$32

2,85

4

$31

9,32

3

$32

5,92

6

$33

5,04

9

$32

6,78

5

234.

9

2009

226.

6

2010

279.

9

2011

COMMERCIAL

85.5

2009

43.3

2010

40.2

2011

GOVERNMENT

111.

7

2009

124.

9

2010

111.

8

2011

RESIDENTIAL

432

2009

394.

8

2010

431.

9

2011

TOTAL

*Includes University of Alaska, Anchorage and the Anchorage School District**Private education only

3.7%2.6%1.3%1.9%

20.3%

14.1%

12.3%10.6%

14.8%

5.4%

7.2%

5.9%

HIGHLIGHTSAVERAGE MONTHLY EMPLOYMENT BY INDUSTRY 2011 UNEMPLOYMENT RATE

6.1%9.0%U.S. ANCHORAGE

2010 POPULATION

AVE. AGE32.7 49% 51%

AVE. AGE33.8 48% 52%

AVE. AGE37.251% 49%

ALASKA

U.S.

ANCHORAGE

SINGLE FAMILY HOUSING UNIT SALES

BUILDING PERMIT VALUES

(AVE. PRICE)

MEDIAN HOUSEHOLD INCOME

$ 50,

046

$ 64,

576

$72,128ANCHORAGE

U.S

.

ALA

SKA

(MILLIONS) (2010)

ANCHORAGE

U.S. AVERAGE

85%

ANCHORAGERESIDENTS 25+

92%

U.S. AVERAGE

28%

ANCHORAGERESIDENTS 25+

34%

2003

273,

069

2004

277,

880

2005

278,

407

2006

283,

348

2007

282,

968

2009

290,

558

2010

291,

826

2011

296,

197

2008

283,

912

2012EST

299,

800

White

Pacific Islander

Black

Alaska Native or American Indian

Hispanic

Asian

Multi-Ethnic


TRANSPORTATION CARGO STATS

PORT

OF

AN

CH

OR

AG

E(S

HO

RT T

ON

S)

3,96

2,96

2

2010

4,13

5,21

3

2011

AN

C C

AR

GO

TR

AN

IST

(SH

ORT

TO

NS)

2,02

5,51

2

2010

1,92

0,72

0 es

t.

2011

ALA

SKA

RA

ILRO

AD

(SH

ORT

TO

NS)

6,66

8,30

1

2010

6,41

2,22

0

2011

TRANSPORTATION PASSENGER STATS

ALA

SKA

RA

ILRO

AD

PASS

ENG

ER R

IDER

SHIP

405,

135

2010

411,

153

2011

4,98

8,00

0 es

t.

2011

AN

C P

ASS

ENG

ERS

ENPL

AN

ED &

DEP

LAN

ED

4,76

1,72

4

2010

PEO

PLE

MO

VER

PASS

ENG

ER R

IDER

SHIP

4,14

5,54

2

2010

4,14

8,50

1

2011

STUDENT DIVERSITY

ANCHORAGE EMPLOYMENT

LANGUAGES SPOKEN AT HOME(BY ASD STUDENTS)

90 AFTER ENGLISH, THE FIVE MOST COMMON ARE SPANISH, HMONG, SAMOAN, FILIPINO, AND YUP’IK. MINORITY STUDENTS COMPRISE APPROXIMATELY 50 PERCENT OF THE STUDENT POPULATION.

BACHELORS DEGREE

ONE OF THE 100 LARGEST SCHOOL DISTRICTS IN THE COUNTRY.*Approximate

50,000*

Source: Anchorage School District (ASD)

6%9%

10%

10%

13%

48%4%

2003 2004 2005 2006 2007 2008 2009 2010 2011

142,

300

144,

100

146,

600

148,

300

149,

800

151,

900

151,

200

152,

800

151,

000

2012EST

154,

300

ANCHORAGE POPULATION GROWTH

2011/2012 PUBLIC SCHOOL ENROLLMENT

HIGH SCHOOL DIPLOMA

AEDC STAKEHOLDER ROUNDTABLE

Compilation of a series of informal meetings conducted by AEDC to find out what our Investors are looking for in an Economic Development Organization.

LIVE .WORK .PL AY. METR ICS

Over the course of 2010, a grassroots effor t was born with the creation of the aspirational narrative of what Anchorage will aspire to be in the year 2025. From this narrative, the initial metrics were chosen to measure how Anchorage compares against the largest cities in all 50 states and the District of Columbia. The numbers in this repor t represent the preliminary rankings for Anchorage in each category.

AIRPORT ECONOMIC IMPACT

The economic impacts ANC has on Anchorage in terms of revenue, jobs, and local spending while also taking an in-depth look at cargo capacity and ANC’s place in the larger US Cargo picture.

2011 CEDS UPDATE

The 2nd Annual update to the Comprehensive Economic Development Strategy for the Municipality of Anchorage.

AEDC ANNUAL 3-YEAR ECONOMIC OUTLOOK

Released in July, the outlook tracks recent-past and future economic trends as reflected by six key economic indicators.

AEDC ECONOMIC DASHBOARD

AEDC offers an up-to-date set of economic performance indicators.

AEDC MONTHLY EMPLOYMENT REPORT

AEDC delivers a monthly repor t on current employment data per tinent to Anchorage and Southcentral Alaska.

AEDC 10-YE AR RESOURCE E XTR ACTION PROJECTS PROJECTION

An annual projection that offers an outlook for the next decade of mining as well as oil and gas projects and the projected labor needs.

AEDC BUSINESS CONFIDENCE INDE X

Released in January, the AEDC Business Confidence Index offers clear insights into what the Anchorage business community thinks about the outlook for profits, sales, employment, challenges and oppor tunities in the coming year.

AEDC ANNUAL ECONOMIC FORECAST

In January, AEDC releases its annual forecast on jobs growth and economic drivers.


RESOURCES

RESEARCH TOOLSProvides demographics, competetive wage analysis, consumer spending, business profiles, and available commercial or industrial land and buildings in Anchorage, Mat-Su and the Kenai Peninsula.

www.AnchorageProspector.com

www.MatsuProspector.com

www.KenaiPeninsulaProspector.com

RESEARCH PROJECTSAEDC offers research management services for companies needing cost effective, confidential oversight of targeted economic analysis on issues or projects.

VIDEO“Anchorage: Live.Work.Play.” is a multiple-use four-minute video that can be used to recruit the young professionals your company needs as well as demonstrate Anchorage’s outstanding quality of life to potential clients and out-of-state interests.

INCOME

Grants & Contracts

Private Cash

In-Kind

Misc & Interest

Total Income

FY2012

$376,713

$848,800

$161,100

$5,000

$1,391,613

FY2011*

$324,545

$763,598

$149,325

$5,790

$1,243,258

FY2010

$1,400,088

$663,285

$148,555

$7,291

$2,219,219

FY2009

$739,168

$517,880

$74,456

$4,747

$1,336,251

EXPENSES

Marketing

Business Development

Operations

Total Expenses

Net Income

$388,686

$166,580

$832,899

$1,388,165

$ +3,448

$348,034

$149,158

$745,788

$1,242,980

$ +278

$463,113

$177,935

$1,599,948

$2,240,996

$(21,777)

$686,743

$309,763

$441,451

$1,437,957

$(101,706)

*Pending final audit

BUDGET


FINANCIAL DATAAEDCAEDC

INVESTORS & PARTNERSDIAMOND $20,000 & UPAlaska USA Federal Credit UnionAnchorage Water and Wastewater UtilityBP ExplorationConocoPhillipsExxonMobilGCIMcDowell Group, Inc.Morris Alaska / Alaska Journal of CommerceMunicipal Light and PowerMunicipality of AnchoragePor t of AnchoragePremera Blue Cross Blue Shield of AlaskaProfessional Growth SystemsSolid Waste ServicesTed Stevens Anchorage International Airpor tWalsh Sheppard

PLATINUM $10,000 - $19,999

GOLD $5,000 - $9,999

Alaska Airlines, Inc.Alaska CommunicationsAlaska Integrated MediaAlaska Regional HospitalAnchorage Community Development AuthorityAnchorage Media GroupAT&T AlaskaCoastal Television BroadcastingDOWL HKMFlint Hills Resources Alaska, LLCHotel Captain CookThe Chariot GroupTotem Ocean Trailer Express, Inc.Wells Fargo Bank N.A.

Alaska ChannelAlaska Interstate ConstructionAlaska Railroad CorporationAlaska Regional Council of CarpentersAleut CorporationAnchorage Fracture and Orthopedic ClinicAnchorage OperaArchitects AlaskaBirch Horton Bittner & CherotCalista CorporationCH2M HillChugach Alaska CorporationChugach Electric AssociationCIRI Clear Channel RadioDenali Alaskan Federal Credit UnionDenaliTek IncorporatedEnstar Natural Gas CompanyEra AviationFedEx ExpressFirst National Bank AlaskaIMIG Audio/ VideoKeyBankkpb architectsLynden Inc.Northern Lights Media dba KTUUNorthrim BankOrthopedic Physicians AnchoragePrincess Tours

SILVER $2,500 - $4,9993MAlaska Aerospace CorporationAlaska Center for the Performing Ar tsAlaskaDispatch.com Alaska Hear t InstituteAlaska National Insurance CompanyAlaska Native Business & Resource DirectoryAnchorage Daily NewsArtique, Ltd.BiNWBrews Brothers, LLCBristol Bay Native CorporationCarlile Transpor tationCoffman Engineers Inc.Cook Inlet Housing Authority Dowland Bach CorporationEklutna, IncIBMMatanuska-Susitna BoroughMichael Baker Jr., Inc.Mikunda, Cottrell & Co.Millrock Resources, Inc.Morrison Auto GroupNANA Development CorporationNorthern Air CargoOdom CorporationPebble Limited Par tnershipPenco Proper ties Porcaro Communications Inc.RIM Architects Roger Hickel Contracting Inc.TesoroThe Alaska ClubThe Tatitlek CorporationUniversity of PhoenixVerizon Wireless

BRONZE $500 - $2,4993rd Rail TechnologyAdams and AssociatesADSB TechnologiesAdvancialAeroMetricAK Supply, Inc.Alaska AFL-CIOAlaska Cargopor t, LLCAlaska DistilleryAlaska Executive SearchAlaska Growth CapitalAlaska MagazineAlaska Pension Services, Ltd.Alaska Rubber and Supply, Inc.Alaska Sales and ServiceAlaska SeaLife Center

Alaskan Energy ResourcesAlyeska Resor tAnchorage Concer t AssociationAnchorage Downtown Par tnership, Ltd.Anchorage Fueling & Service CompanyAnchorage Marriott DowntownAnchorage Museum at Rasmuson CenterAnchorage Public LibraryArctic Wire Rope & Supply, Inc.Beacon Occupational Health & Safety Services, Inc.Bettiswor th North Architects and Planners, Inc.Bond, Stephens & Johnson, Inc.Bradley Reid + Associates Inc.Cange and ChambersCarr Gottstein Proper tiesChenega CorporationChugiak-Eagle River Chamber of CommerceCity Electric Inc.Cloud49Commodity Forwarders, Inc.Copper River SeafoodsCornerstone Construction Co., Inc.Cornerstone Credit ServicesCredit Union 1CRW Engineering Group, LLCCrystal Glacier WaterDavis ConstructorsEvergreen FilmsExcel ConstructionF.R. Bell & Associates, Inc.Frampton and Opinsky, LLCGolder Associates Inc.Gordon DeWittHDR Alaska, Inc.Hilton AnchorageHolmes Weddle & Barcott PCHorizon Lines AlaskaHughes Gorski Seedorf Odsen & Tervooren, LLCImex, Ltd. Dba Dynamic Proper tiesInternational Union of Operating Engineers, Local 302Irwin Development Group, LLCJetBlue AirwaysJL Proper ties, Inc.Ken Brady ConstructionKiewit Building GroupKnik Arm Bridge & Toll AuthorityKPMGKumin and AssociatesLinford of Alaska, Inc.Marsh & McLennan AgencyMatanuska Electric AssociationMatanuska Telephone AssociationMatanuska Valley Federal Credit UnionMerrill LynchMillenium Alaskan Hotel AnchorageMind Matters Research, LLCMotznik Information ServicesMSI CommunicationsNCP Design/Build Ltd.NeighborWorks AnchorageNorth Pole Economic Development CorporationNorthcoast MechanicalNorthern Economics, Inc.PangoMedia, Inc.

Providence Alaska Medical CenterR&M ConsultantsShell Exploration & ProductionSolstice Adver tisingSouth RestaurantSwisspor tThe Wilson Agency, LLCThompson and CompanyUSKH Inc.


Parker, Smith & Feek, Inc.PCL Construction Services, Inc.Pedro Bay CorporationPfeffer Development Group, LLCPIP PrintingPrudential Jack White Vista Real EstatePTP Management, Inc.RE/MAX Proper ties, Inc.Rise Alaska, LLCScott Balice Strategies, LLCSequestered Solutions AlaskaSouthcentral Alaska Council of Building & ConstructionSpecialty Products, Inc.Spenard Builders SupplyThe AnchorThe Foraker GroupThe Nerland Agency, Inc.Tunista Construction, LLCUAA-College of Business and Public PolicyUAA-Small Business Development CenterURS CorporationUS TravelVisit AnchorageWeatherholt and Associates, LLCWeston Solutions

SISTER ORGANIZATIONSAlaska Housing Finance CorporationAlaska Industrial Development & Expor t AuthorityAlaska Manufacturing Extension Par tnership, Inc.Alaska Miners AssociationAlaska Oil & Gas AssociationAlaska Pacific UniversityAlaska Par tnership for Economic Development (APED)Alaska Process Industry Careers Consor tiumAlaska Regional Development OrganizationsAlaska State Chamber of CommerceAlaska Suppor t Industry AllianceAlaska Tourism Industry AssociationAlaska Trucking AssociationAnchorage Chamber of CommerceANCSA Regional Association

Associated Builders and Contractors of AlaskaBuy AlaskaCommonwealth NorthCook Inlet Tribal Council, Inc.Institute of the NorthKenai Peninsula BoroughRenewable Energy Alaska ProjectResource Development Council for AlaskaState of Alaska, DCCEDThe AllianceUA Center for Economic DevelopmentUnited WayWorld Trade Center Alaska


INFORMATION 30%

MA

NU

FACTU

RING

5%

NAT

IVE C

OR

POR

ATIO

NS 11%

OIL

, GA

S &

MIN

ING

11%

GO

VERN

MEN

T 8

%

TRADE

12%

BUSINESS & PROFESSIONAL 45%

LEISURE & HOSPITALITY 9%

HEA

LTH & ED

UC

ATION

10%

CO

NSTRU

CTIO

N 13%

TRA

NSP

ORT

ATIO

N 1

7%

FINANCIAL A

CTIVITIES 1

9%

OTHER SERVICES 19%

AEDC INVESTORS BY SECTOR

AEDC

As of 3/31/12

BOAR

D OF

DIR

ECTO

RS

IMMEDIATE PAST CHAIR CHRIS BROWN DIRECTOR OF BUSINESS PLANNING MANAGEMENT, AT&T ALASKA


SECRETARY / TREASURER TIMOTHY VIG PRESIDENT, USKH

VICE CHAIR JOSPEH EVERHART SR. VICE PRESIDENT, ALASKA COMMERCIAL BANKING, WELLS FARGO BANK N.A.

CHAIRMAN GREG PEARCE VICE PRESIDENT & GENERAL MANAGER, COMMERCIAL SERVICES, GCI

VOTING MEMBERSMichael Wynschenk, Chief Operating OfficerDale Wade, Vice President, Business DevelopmentDavid Hamilton, Executive Director, Business & Commercial ServicesSuzanne Cherot, Shareholder and AttorneyClaire Fitzpatrick, Vice PresidentScott Hansen, Business ManagerTerry Bailey, Vice President-Upstream Market SectorSheri Buretta, Chief Executive OfficerSophie Minich, Chief Operating OfficerBob Heinrich, Vice President/FinanceStewar t Osgood, PresidentDale Pittman, Alaska Production ManagerDale Shaw, Managing DirectorJohn Hoyt, Deposit, Consumer Credit & Card Services DirectorRaquel Edelen, Vice President of OperationsMichael Prozeralik, PresidentDennis Mitchell, Vice President/Alaska RegionJames Hasle, President & Managing DirectorMark Liland, Director of SalesLynn Handerson, Director of Sales, Alaska MarketBruce Bustamante, Vice President /Community & Public AffairsWilliam Dann, PresidentKirsten Schultz, Director for Communications & MarketingLon Wilson, PresidentGeorge Lowery, Alaska DirectorJack Sheppard, President & COO

EX-OFFICIO MEMBERS APPOINTED BY THE BOARD

EX-OFFICIO MEMBERS LEGISLATORS

EX-OFFICIO MEMBERS MUNICIPALITY

Chris Anderson, Deputy DirectorDon Bantz, PresidentSandra Heffern, Vice ChairChris Schutte, Executive DirectorCarol Comeau, SuperintendentAndrew Eker, Board MemberTennys Owens, PresidentChris Stephens, Associate BrokerSusan Gorski, Executive DirectorMary Hughes, Past AEDC PresidentBrian Nerland, District PresidentJames Posey, General ManagerLarry Cash, President & CEOWanetta Ayers, Director-Division of Economic DevelopmentJohn Parrott, Airpor t ManagerElisha “Bear” Baker, DeanJulie Saupe, President & CEO

Dan Sullivan, MayorChris Birch, Assembly MemberErnie Hall, Assembly MemberCheryl Frasca, Director, Office of Management & Budget

Johnny Ellis, SenatorLesil McGuire, SenatorLindsey Holmes, RepresentativeCraig Johnson, Representative

Alaska Communications Alaska Railroad Corporation Alaska USA Federal Credit Union Birch Horton Bittner & Cherot BP Exploration Carpenters Local 1281 CH2M Hill Chugach Alaska Corporation CIRI ConocoPhillips DOWL HKM ExxonMobil FedEx Express First National Bank Alaska Hotel Captain Cook kpb architects Lynden Inc. Mikunda, Cottrell & Co. Northern Air Cargo Premera Blue Cross Blue Shield of Alaska Princess Tours Professional Growth Systems Providence Alaska Medical Center The Wilson Agency, LLC Totem Ocean Trailer Express, Inc. Walsh Sheppard

Alaska Industrial Development & Expor t Authority Alaska Pacific University Anchorage Chamber of Commerce Anchorage Downtown Par tnership, Ltd. Anchorage School DistrictAnchorage Water and Wastewater Utility Ar tique, Ltd. Bond, Stephens & Johnson, Inc Chugiak-Eagle River Chamber of Commerce Past President KeyBank Municipal Light and Power RIM Architects State of Alaska, DCCED Ted Stevens Anchorage International Airpor t UAA-College of Business and Public Policy Visit Anchorage

Alaska State LegislatureAlaska State LegislatureAlaska State LegislatureAlaska State Legislature

Municipality of AnchorageMunicipality of AnchorageMunicipality of AnchorageMunicipality of Anchorage

AEDC 2011 ANNUAL REPORT • 13As of 1/1/12

510 L Street, Suite 603, Anchorage, AK 99501

(907) 258-3700 • www.AEDCWeb.com

AEDC is a private nonprofit corporation (IRS code

501(c)(6)), operating since 1987. It exists to encourage

growth and diversity in the Anchorage economy,

promote a favorable business climate and improve

the standard of living of Anchorage residents. Funding

sources for the corporation are municipal and state

grants, contracts, and private contributions.

PHOTO CREDITS: INSIDE COVER: GA Digital Photography PAGE 1: GA Digital Photography PAGE 3: Alaska Stock Images PAGE 9: Alaska Stock Images PAGE 12: Alaska Stock Images

Documents

UNEMPLOYMENT RATE ANNUAL - AEDC · aed c 2011 annual ort p re annual median household income $72,128 2011 unemployment rate 6.1% reported employment 154,300