Juneau Economic Development Council NEWS | March 2021
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INNOVATION SUMMIT FULLY CUSTOM VIRTUAL PLATFORM |
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The Summit will take place Three Afternoons – with content delivered 1 PM-5 PM Alaska time each day (April 7, 8, 9, 2021), and an optional evening activity. There is no expectation for attendees to participate in anything the mornings on these days.
Our theme is Localization in a Global Economy, and to help lead us in these discussions, we’ll have:
"Maximizing Local Returns in a Global Economy"
'Put Your Money Where Your Life Is"
"Ownership, Community Power and Co-Ops"
"Keeping it Local: Procurement's Role and Best Practices in Government Spending"
- Pitch contestants from Alaska and the Yukon!
- And a crowd favorite: Innovation Shorts, featuring dozens of businesses throughout Alaska and beyond to share their innovative solutions and connections
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Mark Your Calendar!
Innovators Hall of Fame, April 7 at 5 PM
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This event is held annually at the Innovation Summit. Register for the event and attend! |
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Ten nominees will be inducted into the hall of fame this year. The event will be conducted virtually and will be live streamed via the UA System Facebook page: https://www.facebook.com/uasystem
The public is welcome and encouraged to attend.
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JEDC update with the Downtown Business Association
DBA Membership Overview
Local Frequency new businesses – Imagination Station and NAO
Looking ahead at summer cruise season 2021 and economic impact
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Economic Indicator Presentations |
Executive Director Brian Holst has presented with numerous community organizations and businesses over the last month. Including
- American Society of Civil Engineers – Juneau Branch
- Alaska Communications Women in Leadership Empowerment and Diversity Group
- Juneau Community Foundation
Would you like to have an indicator presentation made to your organization? Let us know and we would be happy to plan a time. Please contact Allena.
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Capital City Behind the Business: Red Spruce
A video series that takes a peek behind the register of Juneau, Alaska's local entrepreneurs.
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In this episode, we interview the owner of Red Spruce, Lionel Uddipa, and head chef Oscar Ortega. Red Spruce is a global street food eatery that cooks up delicious snacks and economically sized meals.
They feature bold new flavors and exciting bites that will keep you coming back for more.
Location
11798 Glacier Highway inside Forbidden Peak Brewery
Hours
11 AM to 8 PM - Monday through Friday
9 AM to 8PM - Saturdays and Sundays
Available for dine-in or takeout
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American Rescue COVID-19 Relief Package |
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The Alaska SBDC has a great update on what to expect from the relief funding, a total of $1.3 Billion, passed on to Alaska as a state.
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FUNDING DISBURSEMENT BREAK-DOWN |
INDIVIDUALS & FAMILIES
STATE & LOCAL GOVERNMENTS
State and local governments in Alaska are getting more than $1.3 billion total, including $140 million going directly to local governments and a bit more than $1 billion going to the state government.
VACCINE SUPPORT
SMALL BUSINESSES
RESTAURANT REVITALIZATION FUND
This fund was introduced with the American Rescue Plan and will be directly administered by the federal government. All businesses are required to have a DUNS number and must register with SAM.gov. Wait times are expected for registering with both requirements and you are encouraged to start that process now.
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- 2 Total Scholarships
- $500 per year (up to four years)
- High School Students
- 2 or 4-year institutions
- Building-related program
SEABIA may decide to grant additional awards depending on the volume of applications submitted.
- High School Transcript
- Letter of Recommendation
- Professional Resume
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WINTER TOURISM WORKSHOP WAS A SUCCESS!
We had a great winter tourism workshop on earlier this month. Looking forward to the products that will develop out of the connections made at this event.
USFS PERMIT BILLING CHANGES
We are pleased that the USFS received our letter from the Visitor Products Cluster Working Group advocating for changes to permitting for 2021. Because of the group’s advocacy, the USFS changed when permits are paid and provides other flexibility, relieving some financial pressure on operators.
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"For Alaska" Fundraising Campaign
The University of Alaska has launched the university system’s first-ever comprehensive fundraising campaign. View the video and learn more about the campaign at the link below.
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ECONOMIC INDICATOR: Juneau PFD Application Migration |
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It is important to note that there is a lag in counting those who are newly Alaskan residents due to the PFD eligibility rules. Juneau saw a net loss of 52 PFD eligible residents from 2019 to 2020. There was a net gain of 19 PFD applicants from other Southeast communities. Juneau lost a net of 54 PFD applicants to Alaskan communities outside of Southeast Alaska. Net new PFD applicants (new and not renewed applications) decreased by 17 for Juneau. The net new PFD applicants have been a large contributor to Juneau’s population loss over the past five years. Net movement between Juneau and other Southeast communities has been relatively small compared to the other two categories.
The total movement of PFD applicants moving in and out of Juneau has dropped in the last 3 years. Total annual migration losses have averaged 2,685 over the past three years (2018 through 2020) compared to an average of 3,007 in three years prior (2015 through 2017). This represents a decrease of 10.7%. Total Juneau migration gains have recently decreased by about 6%; the three-year average for 2018 through 2020 is 2,651 compared to 2,820 for 2015 through 2017. It is encouraging that Juneau’s large PFD application losses have turned around during the past two years.
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JEDC BOARD RESOLUTIONS SUPPORT
MARICULTURE INDUSTRY
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The Juneau Economic Development Council fosters a healthy and sustainable economic climate in Juneau and throughout Southeast Alaska. As an advocate for long-term, sustainable, economic growth and prosperity for Alaskans, we see the potential in the mariculture industry in Alaska. While this nascent industry currently adds a few million to our economy, we concur with the vision of the State Mariculture Task Force that mariculture could be a $100 million industry in the next twenty years if we collectively work towards that goal. |
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An Act relating to management of enhanced stocks of shellfish; authorizing certain nonprofit organizations to engage in shellfish enhancement projects. |
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An Act relating to aquatic farming and hatchery site leases; and requiring the director of the division of lands to provide the legislature with an annual report relating to aquatic farming and hatchery site leases. |
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An Act relating to management of enhanced stocks of shellfish; authorizing certain nonprofit organizations to engage in shellfish enhancement projects. |
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Become a 2021 JEDC Investor |
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Learn more about current events and updates on the Northrim Bank Website. |
JEDC
BOARD OF DIRECTORS
Garrett Schoenberger, Chair
Dr. Karen Carey, Vice Chair
Jake Carpenter, Treasurer
Melissa Kookesh, Secretary
Mayor Beth Weldon
Alec Mesdag
Marc Guevarra
Alexander Kotlarov
Chris Dimond
Jill Weitz
Raymond Paddock III
Maria Gladziszewski, CBJ Assembly Liaison
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We invite you to invest in Juneau by becoming
a JEDC Investor. Show your support of the
work done to advance Juneau and Southeast Alaska's economy.
Supporting JEDC impacts the long-term economic success of Alaska's Capital City while creating a business climate that bolsters your business or organization.
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Executive Director
Juneau Economic Development Council
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