Anchorage's economy in slow turnabout to positive

Anchorage Daily NewsJuly 29, 2010 

Some troubled areas of Anchorage's economy have started to grow again after getting punched in the gut by the global recession last year, according to a revised job forecast from the Anchorage Economic Development Corp.

The AEDC and other local economic trend-watchers said this week:

• Cargo shipments at the Anchorage airport and the port have reversed their decline and are now increasing.

• Local builders are applying for more construction permits and the value of those permits could increase this year.

• Local restaurants and bars are hiring more workers.

• Though Anchorage lost jobs in the first half of 2010, the city could begin adding jobs in the second half.

Most of those statistics are included in the AEDC's midyear job forecast and three-year outlook published this week. The AEDC's mission is promoting Anchorage as a place to do business.

The AEDC expects jobs will start increasing this year mainly based on the assumption that increased cargo moving through the airport and the shipping port will create more demand for transportation jobs.

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