Economy

The plan starts with adding charging stations between Anchorage and Fairbanks.

Alaska has been approved to receive nearly $60 million for small business assistance.

New processes of extracting oil on the North Slope are expected to yield billions of new barrels in the coming years.

The applications for virtual reality technology keep growing, moving beyond entertainment

Efforts at expanding renewable energy in Alaska got a shot in the arm with the creation of the Office of Energy Innovation.

First distributed in 1982, the dividend given to each qualified Alaskan has varied over the years, from less than $400 to over $2,000 prior to 2022.

There was no revving of the engines at the Arctic Road Rally that began at Golden Valley Electric Association on Friday, August 12.

This rate, which is updated quarterly, increased by just over $.01 per Kilowatt Hour on June 1.

The Fairbanks North Star Borough Assembly is holding meetings and work sessions throughout April and May to finalize the borough’s 2022-2023 budget.

April 2022 saw the release of the Fairbanks North Star Borough’s most recent Community Research Quarterly.

For the last 20 years, the Internal Revenue Service has offered IRS Free File, a service where taxpayers can prepare their federal returns, and sometimes even their state returns, at no cost.

The goal of the economic summit was to connect private and public partners to develop a plan for future economic development in the Fairbanks North Star Borough.

With this year’s tax season in full swing, the Internal Revenue Service is reminding people to be aware of scams.

Tribal Nations around the U.S., including in Alaska, are set to receive nearly $10 million in funding to expand access to reliable, high-speed internet services.

Fairbanks is a town founded on gold mining, but a recent project to search for gold in the area is causing alarm among some residents. Felix Gold and Milrock Resources are in a strategic partnership to explore for gold in the Fairbanks area.

A deadline for businesses to apply for COVID relief funding is quickly approaching. The City of Fairbanks American Rescue Plan Grant provides financial aid to businesses in the tourism and hospitality industry that lost revenue because of the pandemic.

In the last week, Alaska has seen a rise in gas prices, which is expected to continue into the holiday weekend.

The Greater Fairbanks Chamber of Commerce hosted Governor Mike Dunleavy on Thursday, June 10, to speak about his fiscal plan for the state.

In April, the Golden Valley Electric Association made an agreement with the University of Alaska Fairbanks allowing GVEA to purchase excess power from the university's power plant when available.

Lawmakers are in a special session with the state budget and Dunleavy’s dividend plan on the agenda.

With two bridges closed and multiple road repairs taking place this summer, much of Fairbanks is seeing some kind of road work. For businesses in construction areas, the detours can hurt commerce.

To make up for the loss of a cruise season in the Gulf of Alaska, tourism company Holland America Princess developed a plan to bring visitors to the Fairbanks community.

Fairbanks is seeing an inflation in housing prices as demand for housing outstrips supply.

With Memorial Day weekend right around the corner, Alaskans looking to get out on the road may see the highest gas prices the state has seen in two years.

On Monday, May 24, President Joe Biden signed into law the Alaska Tourism Restoration Act.

GCI announced that it’s one year away from doubling its fastest internet speed to 77% of Alaskans.

Restrictions placed on non-essential travel through the US/Canadian border will now stay in place through June 21, 2021, instead of expiring near the end of May.

Several cruise lines announce trips to Alaska this summer following passage of bill to allow ships to bypass Canada.

The IRS requires taxes be paid by deadline to avoid late penalties and interest and potential legal trouble. However, for those that are running behind, there are still options.

On May 15 all vehicles operating in Fairbanks, and those of all Alaskans living above the 60 North Latitude line, will be required to remove any studded tires and replace them with their springtime counterparts.