The Corporate 100: Alaska's engines of diversity: Powerhouse companies keep Alaska's economy stable.

Author:Cutler, Debbie
Position:ALASKA BUSINESS MONTHLY'S 2008 CORPORATE 100
 
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With the U.S. facing an economic downturn this year, and possibly a full-blown recession next, Alaskans look on with fear, or the very least trepidation.

Will it impact Alaska?

Will it affect my business?

Will it impact me?

The answers are unknown, and questioned often by business leaders and economists, especially with a slowdown in oil production at a time gas line negotiations are crawling.

"I don't have a crystal ball, and I can't predict Alaska's fate," said Jim Martin, ABM vice president and general manager. "But I do know one thing. For the moment, at least, we are fairing well and Alaska's future looks full of promise if we can move forward with the development of our natural resources, which provide a trickle-down impact to the businesses that support it."

The 100 companies on this list bring testimony to that statement. These are some of the largest companies in the state, or at minimum produce a huge impact. They are diversified, have large work forces, provide salaries and benefits to their employees, give back to the community, and in many cases have a worldwide presence.

"These companies are Alaska's economic engines, engines of diversity," said Vern McCorkle, publisher of ABM. "They are what drive our economy. They are large international companies and locally owned companies. They are Big Oil. They are fishing. They are mining. They are the companies that put food on our table, truck materials in for housing, construct our commercial entities, finance loans to small and large businesses, and make Alaska what it is today. With them, and others like them, we likely can survive a national recession without huge impact to Alaska. These are the companies that pay local and state taxes, and pay for our state economy."

Across the U.S., according to a Wells Fargo Economic Indicators report (January 2008), unemployment rates will rise, consumers will spend less, business spending will slow and residential housing market will continue to be problematic this year.

In Alaska, according to the Anchorage Economic Development Corp. and other sources, unemployment rates for Alaska's largest city are down, and the residential housing market is stable and the consumer price index has only grown by 1.5 percent, meaning more purchasing power for individuals and businesses.

"Consumers wake up with a hangover," screams Economic Indicators about the Lower 48, but in Alaska, boasts the AEDC, about 1,000 new jobs will be added to the Anchorage economy this year and the state's largest city is in its 19th consecutive year of job growth. Other major communities, such as Fairbanks and the Mat-Su Valley, are also seeing promise through development and increased population.

"The Corporate 100 was created to celebrate Alaska's rich diversity, and the growth to the state provided by companies such as these leaders on this prestigious listing," said Martin. "While it is a honor to be included on the list, we consider it a privilege for these companies to be doing business in our state."

"Again, they are the engines of diversity in what was once an oil-based economy," said McCorkle. "Oil and gas is certainly needed in this state, but through other industries, such as Native business, tourism, construction, communications/technology, health care, retail and wholesale trade, transportation and other segments of industry, we can power full-steam ahead with hope and promise for Alaska's future."

BY DEBBIE CUTLER

EDITOR

Alaska's Engines of Diversity

2008 Corporate 100 Listed by Industry

COMMUNICATIONS

Alaska Communications Systems

AT&T

GCI

Matanuska Telephone Association (MTA)

TelAlaska

CONSTRUCTION

Alaska Interstate Construction LLC

Cruz Construction Inc.

Davis Constructors & Engineers Inc.

H.C. Price Co.

Neeser Construction Inc.

Watterson Construction Co.

Wilder Construction

FINANCE, INSURANCE, REAL ESTATE

Alaska USA Federal Credit Union

Credit Union 1

Denali Alaskan Federal Credit Union

First National Bank Alaska

KeyBank N.A.

Northrim BanCorp Inc.

Prudential Jack White/Vista Real Estate

Wells Fargo Bank NA

FISHERIES

American Seafoods Company LLC

Ocean Beauty Seafoods LLC

Trident Seafoods Corp.

HEALTH CARE

Alaska Regional Hospital

Central Peninsula Hospital

Fairbanks Memorial Hospital

Providence Health & Services Alaska

INDUSTRIAL EQUIPMENT AND SERVICES

Airport Equipment Rentals

ASRC Energy Services Inc.

CCI Inc.

N C Machinery Co.

MANUFACTURING

Dowland-Bach Corp.

MINING

Coeur Alaska

Kennecott Greens Creek Mining Co.

NovaGold Resources Inc.

Teck Cominco Alaska-Red Dog Mine

Usibelli Coal Mine Inc.

NATIVE ORGANIZATIONS

Afognak Native Corp.

Ahtna Inc.

Arctic Slope Regional Corp.

Bristol Bay Native Corp.

Calista Corp.

Chenega Corp.

Chugach Alaska Corp.

Cook Inlet Region Inc.

Doyon Limited

Goldbelt Inc.

Kakivik Asset Management LLC

NANA Regional Corp.

Sealaska Corp.

The Tatitlek Corp.

Ukpeagvik Inupiat Corp.

OIL & GAS

Alyeska Pipeline Service Co.

BP Exploration (Alaska) Inc.

ConocoPhillips Alaska Inc.

Flint Hills Resources Alaska LLC

Marathon Oil Co.

Nabors Alaska Drilling Inc.

Peak Oilfield Service Co.

Schlumberger Oilfield Services

Tesoro Alaska Co.

Udelhoven Oilfield System Services Inc.

RETAIL/WHOLESALE TRADE

Alaska Commercial Co.

Alaska Distributors Co.

Alaska Industrial Hardware Inc.

Carrs Safeway

Construction Machinery Industrial LLC

Spenard Builders Supply Inc.

The Odom Corp.

SERVICES

Anchorage Chrysler Center Inc.

Cape Fox Corp.

NMS

Northwest Technical Services

PND Engineers Inc.

The Alaska Club

The Superior Group Inc.

USKH Inc.

Weidner Property Management

TOURISM

Hotel Captain Cook

Princess Tours

USTravel

TRANSPORTATION

Alaska Airlines Inc.

Alaska Railroad Corp.

American Fast Freight Inc.

Carlile Transportation Systems

Crowley

Era Aviation Inc.

Everts Air Cargo

FedEx Express

Foss Maritime Co.

Frontier Alaska

Horizon Lines

Lynden Inc.

Northern Air Cargo Inc.

Northland Services Inc.

Peninsula Airways Inc.

Totem Ocean Trailer Express

UTILITIES

Chugach Electric Association Inc.

ENSTAR Natural Gas Co.

Golden Valley Electric Association Inc.

ALASKA BUSINESS MONTHLY'S 2008 CORPORATE 100 Afognak Native Corp. 215 Mission Rd., Suite 212 Kodiak, AK 99615 Phone: 486-6014 Fax: 486-2514 E-Mail: info@alutiiq.com Web Site: www.afognak.com Top Executive: Richard Hobbs. Pres./CEO Ahtna Inc. P.O. Box 649 Glennallen, AK 99588 Phone: 822-3476 Fax: 822-3495 E-Mail: brebne@ahtna.net Web Site: www.ahtna-inc.com Top Executive: Ken Johns. Pres./CEO Airport Equipment Rentals Parent Company: 5904 Old Airport Rd. Airport Equipment Rentals Fairbanks, AK 99708 Phone: 456-2000 Fax: 457-7609 Parent Co. City, State Web Site: www.aer-inc.net Fairbanks, AK Top Executive: Jerry Sadler, Pres. Alaska's Engines of Diversity Alaska Airlines Inc. Parent Company: 4750 Old Int'l Airport Rd. Alaska Air Group Anchorage, AK 99502 Phone: 266-7230 Fax: 266-7229 Parent Co. City, State Web Site: www.alaskaair.com Seattle, WA Top Executive: Stock Symbol: Bill Ayer, Chairman/Pres./CEO ALK Alaska Commercial Co. Parent Company: 550 W. 64th Ave. The North West Co. Anchorage, AK 99518 Phone: 273-4600 Fax: 273-4800 Parent Co. City, State E-Mail: rwilhelm@northwest.ca Winnipeg, Manitoba Web Site: www.alaskacommercial.com Stock Symbol: NWF.UN Top Executive: Rex Wilhelm, Pres./COO Alaska Communications Systems Stock Symbol: 600 Telephone Ave., MS65 NASDAQ-ALSK Anchorage, AK 99503 Phone: 297-3000 Fax: 564-7218 E-Mail: localres@acsalaska.com Web Site: www.acsalaska.com Top Executive: Liane Pelletier, Pres./CEO/Chair Alaska Distributors Co. Parent Company: 3840 Spenard Rd. Alaska Distributors Co. Anchorage, AK 99517 Phone: 279-3511 Fax: 276-1325 Parent Co. City, State Web Site: Kent, WA. www.alaskadistributors.com Top Executive: Walter John, VP/Gen. Mgr. Alaska Industrial Hardware Inc. 2192 Viking Dr. Anchorage, AK 99501 Phone: 276-7201 Fax: 276-0051 E-Mail: aih@aihalaska.com Web Site: www.aihalaska.com Top Executive: Mike Kangas, Pres./Gen. Mgr. Alaska Interstate Construction Parent Company: LLC CIRI/Nabors Industrial Ltd. 601 W. Fifth Ave., Suite 400 Anchorage, AK 99523 Parent Co. City, State Phone: 562-2792 Fax: 562-4179 Anchorage E-Mail: info@aicllc.com Web Site: www.aicllc.com Top Executive: Ken Yockey Alaska Railroad Corp. P.O. Box 107500 Anchorage, AK 99510 Phone: 265-2300 Fax: 265-2312 E-Mail: corpinfo@akrr.com Web Site: www.alaskarailroad.com Top Executive: Patrick Gamble, Pres./CEO Alaska Regional Hospital Parent Company: 2801 Debarr Rd. HCA Anchorage, AK 99508 Phone: 276-1131 Fax: 264-1143 Parent Co. City, State Web Site: www.alaskaregional.com Nashville, TN Top Executive: Stock Symbol: Edward Lamb, Pres./CEO HCA Alaska USA Federal Credit Union P.O. Box 196613 Anchorage, AK 99502 Phone: 563-4567 Fax: 561-4857 Web Site: www.alaskausa.org Top Executive: William Eckhardt, Pres. Alyeska Pipeline Service CO. P.O. Box 196660, MS 542 Anchorage, AK 99519-6660 Phone: 787-8700 Fax: 787-8240 E-Mail: alyeskamail@alyeska-pipeline.com Web Site: www.alyeska-pipe.com Top Executive: Kevin Hostler, Pres./CEO American Fast Freight Inc. Parent Company: 3502 Lincoln Ave. American Fast Freight Inc. Tacoma, WA 98421 Phone: 253-680-2500 Parent Co. City, State Fax: 253-680-2503 Renton, WA E-Mail: jacobsont@americanfast.com Web Site: www.americanfast.com Top Executive: Tim Jacobson, CEO American Seafoods Company LLC Parent Company: 2025 First Ave., Suite 900 American Seafoods Group LLC Seattle, WA 98121 Phone: 206-448-0300 Parent Co. City, State Fax: 206-448-0303 Seattle, WA E-Mail: jan.jacobs@americanseafoods.com Web Site: www.americanseafoods.com Top Executive: Inge Andreassen, Pres. Anchorage Chrysler Center Inc. 2601 E. Fifth Ave. Anchorage, AK 99501 Phone: 276-1331 Fax: 264-2202 E-Mail: udd@gci.net Web Site: www.anchoragechrysler.com Top Executive: Rodney Udd, Pres. Arctic Slope Regional Corp. P.O. Box 129 Barrow, AK 99723 Phone: 852-8633 Fax: 852-5733 Web Site: www.asrc.com Top Executive: Roberta Quintavell, Pres. ASRC Energy Services Inc. Parent Company: 3900 C St., Suite 701...

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