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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
BUSINESS DEVELOPMENT ASSISTANCE72% 28%144 103 41
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
BUSINESS DEVELOPMENT ASSISTANCE80% 20%39 31 8
IN-STATE OUT-OF-STATECOMPANIES ASSISTED
991,136MEDIA IMPRESSIONS
$57,589.23 AD EQUIVALENCY
37,035,593 MEDIA IMPRESSIONS
$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%
15,417,432 MEDIA IMPRESSIONS
$305,564.94AD EQUIVALENCY
24 14 8IN-STATE OUT-OF-STATECOMPANIES ASSISTED
AEDC 2011 ANNUAL REPORT • 3
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
4 • AEDC 2011 ANNUAL REPORT
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
AEDC 2011 ANNUAL REPORT • 5
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
6 • AEDC 2011 ANNUAL REPORT
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
AEDC 2011 ANNUAL REPORT • 7
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.
8 • AEDC 2011 ANNUAL REPORT
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
AEDC 2011 ANNUAL REPORT • 9
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.
AEDC 2011 ANNUAL REPORT • 11
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
10 • AEDC 2011 ANNUAL REPORT
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
12 • AEDC 2011 ANNUAL REPORT
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