With economists fearing an economic slowdown nationwide, and the stock market rising and falling like a roller coaster in recent months, Alaskans are lucky to have strong stable companies investing in their state.
These economic powerhouses keep Alaska's economy healthy, while other states churn with problems such as flat real estate markets, high taxes and budget shortfalls.
We are the Last Frontier, a land ripe with opportunities for foreign direct investment, Outside investors, and our own homegrown companies.
"We used to be just about oil and gas and other natural resources," said Vern McCorkle, publisher of Alaska Business Monthly. "We still are to a point; there is no denying we need the gas line sooner rather than later, but diversity has set in and we find an abundance of jobs available for anyone who wants to work. Our economy is not facing the boom-and-bust cycles of the past; we are filled with economic promise and open for business."
Anchorage, dubbed the "Big Wild Life" by the Anchorage Convention and Visitor's Bureau, is BIG for business-a great place to live and work. Most of the companies that grace the pages of the Corporate 100 List-which is comprised of the top 100 companies operating in the state based on revenue, employees, contributions to the economy and the community-operate from the state's largest city.
Recently, at the Anchorage Economic and Development Corp.'s annual luncheon, then-President and CEO Bob Poe announced 2,500 new Anchorage jobs forecasted for 2007, a jump of 1.7 percent above 2006 totals. It was Anchorage's 18th year of consecutive job growth, an achievement few other states can boast. Poe also stated between 2000 and 2006, the population of Anchorage grew by 9 percent, or 22,530 individuals. Anchorage's per capita income is 18 percent higher than the U.S. average, an AEDC report claims.
"The companies that comprise the Corporate 100 provide many of these jobs and are great investors in the state," said Jim Martin, vice president and general manager for ABM. "A statistical study of the Corporate 100 shows that these 100 companies provide nearly 60,000 jobs and have been established in business an average of 40 years each. Thirty are publicly owned."
Sectors included in the Corporate 100 are major economic engines in the state: communications; construction; finance, insurance and real estate; fisheries; health care; industrial equipment and services; mining; Native organizations; oil and gas; retail/wholesale trade; services; tourism, transportation; and utilities.
"The transportation sector is growing tremendously," said McCorkle. "There are 17 transportation companies on our list, providing nearly 7,000 Alaska jobs. Native organizations are also vital to the economy; 11 made the list, with 6,000 Alaska jobs. The out-of-state jobs, that bring money back to the state through operations in Alaska and shareholder dividends, are also important to the economy. On our 49ers list, which is comprised of the Top 49 Alaskan-owned companies in the state, total jobs for 18 Alaska Native organizations were 33,520 worldwide. This shows a reverse trend. Alaska companies growing to invest outside, instead of outside companies coming to Alaska taking much of the corporate dollars out of state."
Still, many on the list have out-of-state headquarters, companies like Cellular One (Oklahoma), KeyBank (Ohio), Wells Fargo (California), Providence Health and Services (Seattle), just to name a few. All provide jobs in the state, and an Alaska presence in a big way. It is the hope of state economists' to attract more large companies to the state, to diversify the economy even further and provide more opportunities for Alaskans.
In reading through the next 38 pages, you will note that these companies provide significant contributions to the community. All had donations to list, both in-kind and cash, as well as through volunteer work.
"Their contributions to the community are impressive," said Martin. "Many on the list had so many, we didn't have room to publish them all. I can't stress enough how important these 100 companies are to our state. They stabilize it; they provide jobs; they provide hope for Alaska."
Alaska's Economic Powerhouses 2007 Corporate 100 Listed by Industry and Year Established in Alaska COMMUNICATIONS Alaska Communications Systems 1999 AT&T Alascom 1971 Cellular One 2000 GCI 1982 Matanuska Telephone Association (MTA) 1953 CONSTRUCTION Alaska Interstate Construction LLC 1987 CONAM Construction Co. 1984 Neeser Construction Inc. 1976 Olgoonik Corp. 1999 Osborne Construction 1988 Roger Hickel Contracting Inc. 1995 UNIT Company 1977 VECO Corporation 1968 Watterson Construction Co 1981 Wilder Construction 1974 FINANCE, INSURANCE, REAL ESTATE Alaska USA Federal Credit Union 1948 Denali Alaskan Federal Credit Union 1948 First National Bank Alaska 1922 KeyBank N.A. 1890 Mt. McKinley Bank 1964 Northrim BanCorp Inc. 1990 Prudential Jack White/ Vista Real Estate 1953 Wells Fargo Bank NA 1916 FISHERIES American Seafoods Company LLC 1988 HEALTH CARE Alaska Regional Hospital 1963 Fairbanks Memorial Hospital 1972 Mat-Su Regional Medical Center 1935 North Star Behavioral Health 1984 Providence Health and Services Alaska 1902 INDUSTRIAL EQUIPMENT AND SERVICES ASRC Energy Services Inc. 1985 N C Machinery Co. 1776 Airport Equipment Rentals 1986 Siemens Building Technologies 1982 SimplexGrinnell 1968 MINING Coeur Alaska 1987 NovaGold Resources Inc. 1998 Teck Cominco Alaska-Red Dog Mine 1987 Usibelli Coal Mine Inc. 1943 NATIVE ORGANIZATION Afognak Native Corp. 1977 Arctic Slope Regional Corp. 1972 Calista Corp. 1972 Chenega Corp. 1974 Chugach Alaska Corp. 1972 Cook Inlet Region Inc. 1972 Doyon Limited 1972 Eklutna Inc. 1974 Goldbelt Inc. 1974 Koniag Inc. 1972 NANA Development Corp. 1972 Ukpeagvik Inupiat Corp. 1973 OIL & GAS Agrium Kenai Nitrogen Operations 2000 Alyeska Pipeline Service Co. 1970 BP Exploration (Alaska) Inc. 1969 ConocoPhillips Alaska Inc. 1952 Flint Hills Resources Alaska LLC 2004 Nabors Alaska Drilling Inc. 1963 Peak Oilfield Service Co. 1987 Pioneer Natural Resources Co., Alaska Inc. 2003 Tesoro Alaska Co. 1969 Udelhoven Oilfield System Services Inc. 1970 XTO Energy Inc. 1998 RETAIL/WHOLESALE TRADE Alaska Commercial Co. 1867 Alaska Distributors Co. 1934 Alaska Industrial Hardware Inc. 1959 Cal Worthington Ford of Alaska 1977 Carrs Safeway 1950 Construction Machinery Industrial LLC 1985 Kenai Chrysler Center 1997 Spenard Builders Supply Inc. 1952 The Odom Corp. 1933 SERVICES American Marine Services Group 1994 Klebs Mechanical Inc. 1986 Northwest Technical Services 1980 USKH Inc. 1972 TOURISM Hawaiian Vacations 1982 Hotel Captain Cook 1965 Millennium Alaskan Hotel 1986 Princess Tours 1985 USTravel 1978 TRANSPORTATION Alaska Airlines Inc. 1932 Alaska Railroad Corp. 1914 American Fast Freight Inc. 1988 Carlile Transportation Systems 1980 Crowley 1953 Era Aviation Inc. 1948 Evergreen Helicopters of Alaska Inc. 1961 Everts Air Cargo 1978 FedEx-Corp. 1986 Foss Maritime Co. 1934 Horizon Lines 1964 Lynden Inc. 1953 Northern Air Cargo Inc. 1956 Northland Services Inc. 1977 Pacific Alaska Forwarders Inc. 1961 Span-Alaska Transportation Inc. 1978 Totem Ocean Trailer Express 1975 UTILITIES Chugach Electric Association Inc. 1948 ENSTAR Natural Gas Co. 1961 Golden Valley Electric Association Inc. 1946 Homer Electric Association 1945 ALASKA BUSINESS MONTHLY'S 2007 CORPORATE 100 Afognak Native Corp. Business Type: Native 215 Mission Rd., Organization Suite 212 Kodiak, AK 99615 Business Description: Phone: 486-6014 Government contracting, Fax: 486-2514 security and law enforcement, E-Mail: operations and maintenance firstname.lastname@example.org services, logistics support Web Site: services, information www.afognak.com technology and technical support services, engineering Top Executive: and information solutions, Richard Hobbs, construction and youth Pres./CEO training services. Community Involvement: Big Afognak Cultural Camp, Alutiiq Museum and Archeological Repository, Alaska Native Heritage Foundation, Esgarltuke Taquka'aq, Anchorage Chamber of Commerce, Kodiak Chamber of Commerce, Port Lions School, Red Cross, Junior Achievement of Alaska, Brother Francis Shelter, Special Olympics of Alaska and more. Agrium Kenai Parent Company: Business Type: Oil & Gas Nitrogen Operations Agrium Inc. P.O. Box 575 Business Description: Kenai, AK 99611 Stock Symbol: Anhydrous ammonia; urea. Phone: 776-3275 AGU Fax: 776-5579 Community Involvement: Caring Web Site: for the Kenai, Challenger www.agrium.com Learning Center of Alaska, Boys and Girls Club and United Top Executive: Way. Chris Sonnichsen, Plant Mgr. Airport Equipment Parent Company: Business Type: Industrial Rentals Airport Services 5904 Old Airport Rd. Equipment Fairbanks, AK 99708 Rentals Business Description: Sell, Phone: 456-2000 rent and service heavy and Fax: 457-7609 light construction equipment Web Site: for the construction, oilfield www.aer-inc.net and mining industries, as well as individuals throughout Top Executive: Alaska. Featuring John Deere Jerry Sadler, Pres. construction and forestry products in addition to many other major lines of heavy and light equipment with the most complete line of equipment for rental in Alaska. Community Involvement: Anchorage Concert Association, Boy Scouts of America, Anchorage Fire Department, Special Olympics. Coaching, supporting and funding of little league teams. Alaska's Economic Powerhouses Alaska Airlines Inc. Parent Company: Business Type: Transportation 4750 Old Int'l Alaska Air Airport Rd. Group Business Description: Alaska Anchorage, AK 99502 Airlines and its sister Phone: 266-7230 Stock Symbol: carrier, Horizon Air, together Fax: 266-7229 ALK provide passenger and cargo Web Site: service to more than 88 cities www.alaskaair.com in Alaska, Lower 48, Canada and Mexico. Top Executive: Bill Ayer, Community Involvement: Donates Chairman/Pres./CEO more than $2 million in air...