POPULATION: 679,720 (July 2008 estimate)

LABOR FORCE: 363,904 (Aug. 2009)

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES: Petroleum, government, tourism, mining, fishing, forest products

EXPANDING INDUSTRIES: Transportation, mining and oil, tourism and hotels, aerospace industries, minerals exploration

COLLEGE GRADUATES: (Age 25 and over) 24%

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 Corporate Tax: Domestic, $100; foreign, $200; nonprofit fee, $15; limited liability companies/ partnerships fee: domestic $100; foreign $200

Sales and Use Tax: Several boroughs and cities impose a sales and use tax of up to 7 percent on retail sales and certain locally provided personal services; neither Anchorage nor Fairbanks levies a retail 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

BUSINESS INCENTIVES:
Agriculture Revolving Loan Fund
Alaska Industrial Development and Export Authority (long-term financing)
Rural Development Initiative Fund Program
Small Business Economic Development Revolving Loan Fund
Foreign-trade zones
Alaska Growth Capital
Commercial Fishing & Agriculture Bank (fishing, tourism & 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