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Survey of Alaska’s small businesses shows ‘dramatic’ confidence drop as political uncertainty grew

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Survey of Alaska’s small businesses shows ‘dramatic’ confidence drop as political uncertainty grew


Downtown Anchorage, photographed on Tuesday, Sept. 3, 2024. (Loren Holmes / ADN)

Alaska small-business owners’ financial and economic outlook swung sharply negative this year amid political uncertainty as President Donald Trump sets high tariffs on major trading partners, according to a survey of close to 300 Alaska businesses by a small-business development group.

“Business optimism plunged” and the survey recorded the “highest level of economic pessimism ever recorded” in its eight-year history, according to a statement from the Alaska Small Business Development Center on Thursday.

There’s been a big shift in the economic conditions that Alaska businesses face, said Jon Bittner, the group’s state director, in an interview Friday.

“The largest issue is not specifically the tariffs, but the public uncertainty,” he said. “Businesses don’t know what the pricing will be, how they should market their products, or what to invest in.”

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The survey represents businesses across Alaska, in urban and rural areas, and close to every industry sector, Bittner said.

Late last year, about 60% of businesses expected to have good or very good financial conditions this year, the survey found.

By April, only 46% of businesses held that view, the survey found.

“The numbers we are seeing are close to the numbers we saw during COVID,” Bittner said. “But the big difference is there was a lot of federal funding provided to businesses to weather that economic storm. That’s not the case this time.”

Political uncertainty emerged as a top-three challenge facing Alaska businesses, the survey found. Inflation and rising operating costs were also leading concerns. It’s the first time political uncertainty has landed in the top three challenges, according to the center.

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The reversal in small-business confidence in Alaska mirrors apprehension among business interests nationwide as the Trump administration sets high tariffs on U.S. trading partners and allies around the world.

The tariffs, some in place and others delayed or adjusted, have caused higher prices and uncertainty for small businesses in Alaska. Many businesses have raised the cost of their goods after their suppliers increased their costs.

[Uncertainty and impacts from Trump’s shifting tariffs hit small businesses in Anchorage]

The survey compares results from a survey late last year of nearly 960 small businesses statewide to an April survey of 273 of those same businesses.

The survey found that 61% of businesses report supplier price increases from the tariffs.

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In response to higher supply costs, 48% of the small businesses said they have raised their prices.

Thirty-five percent are attempting to absorb higher costs without raising prices, the survey found.

The businesses expecting a declining financial situation increased from 25% to 63%, the survey found.

Those expecting improvement dropped from 46% to 26%.

That’s an “unprecedented swing” from a positive to a negative outlook, the center said.

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Jenna Wright, president of the Anchorage Economic Development Corp., said in an interview Friday that she is not surprised by the survey results.

Her group recently held a business roundtable to hear from several Alaska businesses. She said the business representatives anticipated growth at the year’s start, but now say they’ll be happy with just a flat year.

Wright said the rapid pace of actions from the Trump administration — the on-again, off-again tariffs, the flurry of executive orders, the frozen funding tied to major Biden-era bills — are having ripple effects through the economy.

“All the uncertainty causes businesses to pull back and reassess until they can find what the new point of stability is,” she said.

“I think the concerns are widespread across businesses,” she said.

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“But I do want to say that on the other hand, some businesses are excited about the potential for unleashing Alaska’s energy, as it’s been called by Trump administration,“ Wright added. ”So it not all bad, and there are some areas for optimism.”

Bittner said “Alaska is particularly ill-suited” as the tariffs impact global trade, he said.

The state imports nearly all its goods from the Lower 48, while the Ted Stevens Anchorage International Airport, one of the top employers in Anchorage, relies on global trade, he said.

Alaska is also the only state with trucked goods that must come through Canada, which has threatened to impose tolls on Alaska-bound commerce and could do so if the U.S. and Canada got embroiled in an all-out trade war, Bittner said.





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Denali National Park offering unique holiday experience

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Denali National Park offering unique holiday experience


ANCHORAGE, Alaska (KTUU) – Denali National Park & Preserve is offering travelers a unique way to celebrate the holiday season at the base of North America’s tallest peak.

“It’s a great place to come if you’re into snow and being cold,” said Amber Smigiel, Public Affairs Officer for Denali National Park and Preserve.

“If you come at night, you probably have a chance to see the auroras, and it is really beautiful here during the winter.”

Despite the cold and storms associated with winter at Denali, Smigiel said adventure-seekers are still allowed to attempt a summit of Mount McKinley.

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“We don’t have any staff up there, so you’re pretty much on your own,” she said.

“We definitely don’t recommend doing it by yourself. Only, I think, 17 people have ever summited during winter, so it’s not a very realistic goal, but you know what? We’re not going to stop you if you want to try.”

For those looking for a calmer experience, Smigiel said there are several events and accommodations planned at the base of the mountain.

“The road is closed at mile 3 for cars, but you can ski, hike, snowshoe on the road and some of the hiking trails in the front country or even farther in the backcountry,” she said.

“You can winter camp if you’d like. We have our permits for that so you can come and sleep in the snow if that’s your thing. Our visitor center has snowshoes and the spikes, snow spikes, so you can go and rent some of that while you’re here.”

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While Denali’s iconic bears are mid-hibernation, Smigiel said animal lovers still have a chance to catch a glimpse of the local wildlife.

“The kennels are open from one to four on Saturday and Sunday, so you can come see the dogs and the puppies during the winter,” she said.

“There are still moose and caribou and wolves. The moose sometimes come closer to the front of the park because they like to use the road just as much as people do.”

While visitors are welcomed to book a stay at Denali, Smigiel told Alaska’s News Source that some amenities may not be available during the winter.

“The one thing that you need to remember when you come to Denali during the winter is that there’s one restaurant and one grocery store and two gas stations that are open and those are about 10 miles from the park,” she said.

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“Make sure that you have all your provisions with you, water, snacks, all that kind of stuff. We do have an indoor picnic area where you can go and get warm and, you know, fill your water bottles up and that kind of thing, but nothing that you can purchase while you’re in the park.”

Although current weather conditions have caused the park to reschedule, Smigiel said that rangers are planning to host a “Ski and Stroll” for the winter solstice, where visitors are invited to walk trails near the park.

See a spelling or grammar error? Report it to web@ktuu.com



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Alaska’s Maxime Germain named to US Olympic biathlon team

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Alaska’s Maxime Germain named to US Olympic biathlon team


Alaska’s Maxime Germain was named to the U.S. Olympic biathlon team to compete at the 2026 Milano-Cortina Olympic Winter Games. (Photo provided by U.S. Biathlon)

Alaska’s Maxime Germain has been named to the U.S. Olympic biathlon team and will compete at the 2026 Milano-Cortina Olympic Winter Games.

Germain, 24, who was born in Juneau and graduated from West Anchorage High School in 2019, will be making his Olympic debut.

“I am stoked to have qualified,” Germain said in a U.S. Biathlon release. “The goal is now to perform there! It is going to be my first Olympics, but it shouldn’t be any different from other racing. Same venue, same racing, different name!”

The announcement was made Sunday at the conclusion of the World Cup stop in France. He is currently 34th in World Cup rankings, the second-best American behind Olympic teammate Campbell Wright.

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Germain has raced for the APU Nordic Ski Center and trained with the Anchorage Biathlon Club.

“Maxime has worked really hard throughout the off season, improving his mental game and bringing an overall level up to the World Cup this year,” U.S. Biathlon High Performance Director Lowell Bailey said in the release. “This showed right away at the first World Cup in Ostersund, where he proved he can be among the world’s fastest and best biathletes. Maxime will be a great addition to the U.S. Olympic team!”

Before coming to Anchorage, Germain grew up in Chamonix, France, and started biathlon there at age 13.

Germain is a member of Vermont Army National Guard as an aviation operations specialist and is studying to become a commercial pilot. Germain has trained with the National Guard Biathlon Team and races as part of the US Army World Class Athlete Program.

Germain joins Wright, Deedra Irwin and Margie Freed as the first four qualifiers for the 2026 Olympic Biathlon Team. The remaining members of the team will be announced on Jan. 6 following completion of the U.S. Biathlon Timed Trials.

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The 2026 Winter Olympics run from Feb. 6-22 in Italy.





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Trump administration opens vast majority of Alaska petroleum reserve to oil activity

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Trump administration opens vast majority of Alaska petroleum reserve to oil activity


The northeastern part of the National Petroleum Reserve-Alaska is seen on June 26, 2014. (Photo by Bob Wick / U.S. Bureau of Land Management)

The Bureau of Land Management on Monday said it approved an updated management plan that opens about 82% of the National Petroleum Reserve-Alaska to oil and gas leasing.

The agency this winter will also hold the first lease sale in the reserve since 2019, potentially opening the door for expanded oil and gas activity in an area that has seen new interest from oil companies in recent years.

The sale will be the first of five oil and gas lease sales called for in the One Big Beautiful Bill Act that passed this summer.

The approval of the plan follow the agency’s withdrawal of the 2024 activity plan for the reserve that was approved under the Biden administration and limited oil and gas drilling in more than half the reserve.

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The 23-million-acre reserve is the largest tract of public land in the U.S. It’s home to ConocoPhillips’ giant Willow discovery on its eastern flank.

ConocoPhillips and other companies are increasingly eyeing the reserve for new discoveries. ConocoPhillips has proposed plans for a large exploration season with winter, though an Alaska Native group and conservation groups have filed a lawsuit challenging the effort.

The planned lease sale could open the door for more oil and gas activity deeper into the reserve.

The Voice of the Arctic Iñupiat, consisting of elected leaders from Alaska’s North Slope, where the reserve is located, said it supports the reversal of the Biden-era plan. Infrastructure from oil and gas activity provides tax revenues for education, health care and modern services like running water and sewer, the group said.

The decision “is a step in the right direction and lays the foundation for future economic, community, and cultural opportunities across our region — particularly for the communities within the (petroleum reserve),” said Rex Rock Sr., president of the Arctic Slope Regional Corp. representing Alaska Natives from the region, in the statement from the group.

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The reserve was established more than a century ago as an energy warehouse for the U.S. Navy. It contains an estimated 8.7 billion barrels of recoverable oil.

But it’s also home to rich populations of waterfowl and caribou sought by Alaska Native subsistence hunters from the region, as well as threatened polar bears.

The Wilderness Society said the Biden-era plan established science-based management of oil and gas activity and protected “Special Areas” as required by law.

It was developed after years of public meetings and analysis, and its conservation provisions were critical to subsistence users and wildlife, the group said.

The Trump administration “is abandoning balanced management of America’s largest tract of public land and catering to big oil companies at the expense of future generations of Alaskans,” said Matt Jackson, Alaska senior manager for The Wilderness Society. The decision threatens clean air, safe water and wildlife in the region, he said.

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The decision returns management of the reserve to the 2020 plan approved during the first Trump administration. It’s part of a broad effort by the administration to increase U.S. oil and gas production.

To update the 2020 plan, the Bureau of Land Management invited consultation with tribes and Alaska Native corporations and held a 14-day public comment period on the draft assessment, the agency said.

“The plan approved today gives us a clear framework and needed certainty to harness the incredible potential of the reserve,” said Kevin Pendergast, state director for the Bureau of Land Management. “We look forward to continuing to work with Alaskans, industry and local partners as we move decisively into the next phase of leasing and development.”

Congress voted to overturn the 2024 plan for the reserve, supporting bills from Alaska’s Republican congressional delegation to prevent a similar plan from being implemented in the future.





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