INSIDE ALASKA BUSINESS.

Alaska Zoo

The Alaska Zoo welcomed Cranbeary--its newest polar bear--in late October from the Denver Zoo. Cranbeary arrived at the Alaska Zoo with her keepers, is in good health, and is quickly making herself right at home in her new digs, alaskazoo.org

Hilcorp

Hilcorp completed its $90 million pipeline project that allows the company to transport oil across Cook Inlet via an underwater pipeline. Instead of being transported by cross-inlet tankers, oil now traverses the inlet through an undersea pipeline that previously carried natural gas. The project required construction of approximately six miles of new pipe from the Tyonek Platform to the existing pipeline network. It also saves Hilcorp money: shipping oil by tanker across Cook Inlet costs approximately $3 per barrel while using the pipeline costs about $2 per barrel. The pipeline addresses environmental and spill concerns as well by eliminating spills/incidents involving tankers and because the Drift River oil terminal is no longer a necessary piece of infrastructure. hilcorp.com

Cook Inlet Housing Authority

Cook Inlet Housing Authority opened two housing developments in the Muldoon area of Anchorage. Creekview Plaza II features eighteen one-bedroom apartments In a mixed-use building, with retail space at the street level. Woven House offers independent senior rental housing to residents fifty-five years or older. These developments are the continuation of the Creekside Town Center concept to bring affordable, independent living opportunities to Muldoon, which began with the construction of Grass Creek Village in 2008. Completion of Creekview Plaza II and Woven House bring to 282 the number of rental housing apartments at Creekside Town Center. cookinlethousing.org

DOLWD

The Alaska Department of Labor and Workforce Development announced the state's minimum wage Increased from $9.84 to $9.89 effective January 1.

Alaska Statute 23.10.065(a) requires the Alaska minimum wage to be adjusted using the Consumer Price Index for urban consumers (CP1-U) in the Anchorage metropolitan area for the preceding calendar year. The Anchorage CPI-U increased 0.5 percent in 2016, rising from 217.830 to 218.873. labor.alaska.gov

Explore Fairbanks

Beginning summer 2019, Fairbanks will be the destination for two new nonstop flights from the contiguous United States when United Airlines launches service to Denver and San Francisco.

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