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Inward Investment Guides

Front Line: Preparing for Takeoff in the Drone Industry

Craig Guillot (Q4 2014)
As drones become smaller, more affordable, and easier to operate, they’re being eyed for use in everything from agriculture to construction and real estate. The Federal Aviation Administration (FAA) says there could be 30,000 of them in American skies by 2020, and according to the Association for Unmanned Vehicle Systems International (AUVSI), the business of manufacturing and flying drones could become an $82 billion industry within 10 years. More

Leading Locations for 2014: The "Recession-Busting" MSA's

Dale D. Buss, Staff Editor,  (Q2 2014)
A look at how three MSAs ranked in the top 15 of the “Recession-Busting” category in Area Development's 2014 Leading Metro Locations report are arising from the difficulties of the Great Recession and putting themselves on new growth arcs. More

Alaska Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Alsaka's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Manufacturing in America: Bigger, Better and Bolder

Mark Crawford (Q1 2014)
American manufacturing is on the upswing, with advances in innovation and productivity buoyed by decreased energy and transportation costs, and new efforts to increase work force skills. More

Regional Report: Pacific States Foster Innovation

Karen Thuermer (Directory 2014)
Winners of numerous accolades, the Plains States are garnering investment across diverse industry sectors and growing their economies. More

Aerospace Industry Site Selection Shouldn’t Be Top Secret

John Schuetz, Principal, The RHS Group (2013 Auto/Aero Site Guide)
Specific labor force and infrastructure requirements often drive the aerospace company’s location decision, with incentives helping the firm to keep its costs in check. More

Leading Locations for 2013: The Pacific Region MSAs

Area Development Magazine Special Presentation (August 2013)
With five of the top-10 MSAs in the Pacific region, the state of California is experiencing an economic comeback. The state has added jobs at the fastest year-over-year pace in more than a decade. More

Regional Review: Pacific States Show Their Prowess in Advanced Technologies

Dan Calabrese (Location USA / April 2013)
While natural resources, particularly in the area of energy, serve as a lynchpin for the Pacific States, international investors are showing strong interest in the region — moving forward on projects that involve advanced technology, medicine, energy systems, and more. More

ALASKA at a glance

POPULATION: 722,190 (2011)

LABOR FORCE: 367,042 (2011)

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES:Oil and gas, mining, tourism, fishing, forest products

EXPANDING INDUSTRIES: Oil and gas, transportation, tourism, aerospace industries, minerals exploration

COLLEGE GRADUATES: (Age 25 and over) 21.4%

BASIC BUSINESS TAXES:
Corporate Income Tax:
1 percent on taxable income under $10,000; 2 percent on $10,000 to $20,000;
3 percent on $20,000 to $30,000;
4 percent on $30,000 to $40,000;
5 percent on $40,000 to $50,000;
6 percent on $50,000 to $60,000;
7 percent on $60,000 to $70,000;
8 percent on $70,000 to $80,000;
9 percent on $80,000 to $90,000;
9.4 percent on $90,000 or more

Biennial Report Taxes and Fees: Business corporation: domestic $100, foreign $200; limited liability companies/partnerships fee: domestic $100, foreign $200; cooperative corporation: domestic $100; foreign cooperative corporation, $100

Sales and Use Tax: Alaska does not impose a statewide sales tax. Several boroughs and cities impose a bed tax, alcohol tax, and a sales tax of up to 7 percent on retail sales and certain locally provided personal services; neither Anchorage nor Fairbanks levies a general sales tax. There are no state sales, income, gross receipts, or inventory taxes.

Property Tax: Real and personal property is taxed by boroughs and cities; the tax is levied primarily on real estate, but some communities also tax personal property; property is required to be assessed at 100 percent of value, however, generally, property is assessed at between 90-96 percent valuation with tax rates ranging from 5 mills to 20.5 mills. Alaska levies a property tax on oil and gas properties.

BUSINESS INCENTIVES:
Agriculture Revolving Loan Fund

Alaska Industrial Development and Export Authority (longterm financing)

Rural Development Initiative Fund Program

Small Business Economic Development Revolving Loan Fund

Alaska Microloan Revolving Loan Fund

Alternative Energy Conservation Loan Fund

Commercial Charter Fisheries Revolving Loan Fund

Mariculture Revolving Loan Fund

Foreign-trade zones

Commercial Fishing & Agriculture Bank (fishing, tourism, and natural resources loans)

Alaska State Training and Employment Program

University of Alaska, Corporate College programs

Education Tax Credit

Oil and gas exploration tax incentive

Minerals exploration tax incentive

Film tax credit incentive