Juneau Economic Development Council NEWS | June 2021
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The Juneau Maritime Festival thanks our community and sponsors for a great celebration! |
The 2021 Maritime Festival was fun for all! Maritime Activities, food, music, and demonstrations make each year unique. Thank you to all of the community volunteers, sponsors and organizations that helped with the 2021 festival! |
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Thank You to our 2021 Juneau Maritime Festival Sponsors! |
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Stay up to date with
Maritime Culture and Commerce
on Facebook!
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Learn more about becoming a JEDC investor.
The Investor Program offers comprehensive and consistent marketing. By joining the JEDC Investor Program, your organization will be recognized as a JEDC sponsor in presentations, JEDC collateral materials, JEDC website, and monthly newsletters. Investment levels range from $650 - $7,500+ with increasing benefits.
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Investor of the Month
Hecla Mining Company
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Hecla Mining Company (NYSE:HL) is the largest silver producer in the United States. In addition to operating mines in Alaska (Greens Creek), Idaho (Lucky Friday), and Quebec, Canada (Casa Berardi) the Company owns a number of exploration properties and pre-development projects in world-class silver and gold mining districts throughout North America.
Established in 1891, Hecla is headquartered in Coeur d’Alene, Idaho, and has a sister office in Vancouver, B.C. The Company’s common stock has been traded on the New York Stock Exchange for over 50 years.
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The purpose of the Child Care Loan Program is to create more childcare capacity in Juneau by assisting new or existing childcare providers to access, improve or expand the physical infrastructure needed to deliver a quality childcare program to more families. |
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The Southeast Alaska Revolving Loan Fund was launched in 1997 to bridge the gap between what banks will finance and what the business community needs. Our goal is to provide financing for viable projects that will create and retain quality jobs and help to diversify local economies in Southeast Alaska. |
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Copies of their community newsletter can be found at participating shops and restaurants downtown! |
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Downtown Business Association is Launching the 2021 Ambassador Program |
The DBA program provides excellent hospitality, including a safety presence, kindly directions, recommendations, and general assistance to visitors to downtown.
Stay up to date on DBA news and events by subscribing to their community newsletter!
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CAPITAL CITY BEHIND THE BUSINESS
Bustin' Out Boutique
A video series that takes a peek behind the register of Juneau's local entrepreneurs.
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This week we get to know Bustin' Out Boutique, located in the heart of downtown Juneau. This niche boutique has dedicated itself to superior customer service and helping women feel beautiful and comfortable in their skin.
Bustin' Out Boutique: Lingerie and Maternity Wear is located at 234 Front St, Juneau, AK. Their physical location is currently open Monday to Saturday from 12 pm to 6 pm.
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Local Frequency
Good For You & Good for Business
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Taking an abstract idea and making it a reality! Support local and see your money reinvested into your community.
Our organization is proud to bring an app to our community that truly helps keep our dollars local.
For every $1,000,000 in revenue, independent retail stores and restaurants recirculate $450,000 into the local economy compared to only $170,000 for chain competitors.
Additional money recirculated by local businesses goes to wages for local residents, purchases of local goods and services, charitable giving and profits for local businesses.
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Good for You: Earn a cash back reward every time you shop at participating merchant locations
Good For Business: Build and retain a loyal customer base and provide a unique marketing experience
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Welcome to our two newest merchants! |
Sketch Studio is MK MacNaughton’s art practice and business, located in downtown Juneau.
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Providing the knowledge to give you the product you will enjoy and wear forever.
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LOCAL FREQUENCY GIFT CARD |
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Treat a friend!
Find Local Frequency gift cards on the Juneau website.
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Upcoming FIRST Robotics Season |
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Get ready for the 2021-2022 FIRST robotics season!
We can’t wait to see our teams this fall at in person tournaments!
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Support the FIRST in Alaska Program
Along with These Statewide Sponsors
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Thank you to the 2021 STEM Summer Camp Sponsors |
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WeDo Camp Sponsor
Grades 2-4
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EV3 Camp Sponsor
Grades 4-8
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STEM Championship Sponsor & STEM Leader Sponsor |
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There are a few spots left for summer camp!
Details on summer camp can be found at, stemak.org.
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EV3 Camp
Grades 4-8
Multiple Dates Available
July 19-23 & August 2-6
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Gruening Park Camp
Grades 2-8
for Gruening Park Residents only
July 26-30, 2021
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Indicator of the Month
New Loans for Single Family Homes and Condos
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(Q1) Number of New Loans for Single Family Homes and Condos |
Figure 1: New Loans for Single-Family Homes and Condos in Juneau, January to March, 2015-2021.
Source: Alaska Housing Finance Corporation, Quarterly Housing Market Indicators Report
Q1 typically has lower rates of new loans compared to the rest of the year. Q1 2021 saw 51 new single-family home loans (SFH) and 28 condominium loans, a slight increase from Q1 2020, which had 49 new SFH loans and 20 condominium loans. This data is based on a survey of mortgage lenders in Alaska, and includes AHFC loans.
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(Annual) Number of New Loans for Single Family Homes and Condos |
Figure 2: Juneau’s Average Sales Price of Single-Family Homes and Condos, 2015-Q1 2021
Source: Alaska Housing Finance Corporation, Quarterly Housing Market Indicators Report
In Q1 2021, SFH loan activity accounted for 76% of total loan volume, and condominium loan activity accounted for 24%. The average loan amount for SFH was $374,705, while the average sales price was $431,336, indicating an average down payment of approximately 13%. For condominiums, the average loan amount was $210,394 and the average sales price was $245,540, indicating an average down payment of about 14%.
Housing prices continue to rise above previous annual averages, while the average sales price for condominiums dipped slightly in Q1 2021.
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The Economic Indicator is available for download. Take a look and share with your community.
Interested in a presentation for your organization? We are available to present.
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Become a 2021 JEDC Investor |
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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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JEDC Five Area's of Focus
- Help make Juneau a Great (capital) City
- Strengthen Key Regional Industries
- Develop Talent
- Promote Entrepreneurship & Small Business Development
- Deliver Economic Services
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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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If you find JEDC News to be of interest and value, please forward the newsletter to your friends and colleagues.
Executive Director
Juneau Economic Development Council
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