Economy

AMHS communities say: Along with passengers, the future rides on the ferry

The Alaska Marine Highway System is at a critical crossroads, as the first round of hearings on restructuring the ferry system gets underway this Wednesday. A nine-member working group is reviewing a $250,000 study commissioned by the Dunleavy administration, one that’s already ruled out privatizing the state ferry fleet, because it doesn’t pencil out. Now they will hear what the …

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Kodiak Pacific Spaceport: Negotiations for longer launch windows underway

The Alaska Aerospace Corporation says the windows for last week’s attempted rocket launches at the Kodiak Pacific Spaceport were too narrow. Astra, a California-based company, tried to send its 3.1 Rocket into space on four different days, each within a two-hour window. The president of Alaska Aerospace, Mark Lester, says it’s not unusual to have launches called-off during the testing …

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COVID-19 relief:  SWAMC website helps members navigate the system

It’s tough enough to deal with the economic fallout from the coronavirus. Then there’s the frustration of applying for state and federal relief. Many rural businesses in Alaska, as well as non-profits and those who make their living from the sea, have found the help that’s been offered, very unhelpful — so tangled in red tape, that it’s impossible to …

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Analysis: Kodiak’s rental market

Kodiak’s rental market is steady, but a report released by the Alaska Department of Labor shows some concerning trends.  _______ As previously reported by KMXT last month, Kodiak’s general cost of living, including rent costs, has trickled down slightly. This month, the Alaska Dept. of Labor released more details about how Kodiak’s rental market is trending. The report says that …

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Kodiak Island Brewery plans to reopen “any day, now,” says owner

Until the coronavirus pandemic, the Kodiak Island Brewery was a lively local hangout. Until the coronavirus pandemic struck, the Kodiak Island Brewery was a thriving local business, but sales crashed after the brewery closed its tasting room in March. Ben Millstein hopes he can turn that around when he reopens his brewery, For the last four months, his only customers …

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Two of Kodiak’s biggest retailers require masks

This week, two major retailers in Kodiak will require shoppers to wear masks. The change for Walmart took effect on Monday – and at Carrs-Safeway, today. For these chain stores, it’s part of a nationwide policy change to prevent the spread of coronavirus. Jennifer Foster says mask wearing has changed small town shopping patterns, that friends no longer linger to …

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Kodiak businesses supported by Paycheck Protection Program

The federal government released information regarding recipients of the Paycheck Protection Program, and Kodiak businesses and organizations got a relatively small share of federal loans. Kodiak businesses received between $10 million and $15 million from the Paycheck Protection Program, a program of the federal Small Business Administration intended to support businesses and non-profits who faced layoffs and closure in the …

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BREAKING: PPP filing deadline extension approved by Senate, then House, now goes to president for signature

BREAKING:  A measure to extend the deadline for filing for the COVID-19 Payroll Protection Program is on its way to the president’s desk for his signature following a fast approval by both the U.S. Senate and House of Representatives. Alaska Senator Dan Sullivan’s office reports that President Trump is expected to sign the measure. If so, the deadline for the …

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