Efficient Access to Asia and North America’s Largest Markets
Anchorage’s location offers unparalleled advantages for businesses reliant on air transportation. Located roughly equidistant from the U.S. East Coast and East Asia, Anchorage is located 9.5 hours by flight from 90% of the industrialized world.
Learn more about Ted Stevens Anchorage International Airport »
Alaska AeroNexus® Alliance is committed to helping companies investing in Anchorage fulfill their workforce needs, through the delivery of customized workforce solutions. Whether a business is looking to connect with qualified workers, design a training program to fill skill gaps, or finance a training program, A3 will work to ensure businesses have the human capital needed to thrive.
With a population of 300,000 (400,000 in the greater Anchorage area,) Anchorage can provide the skilled workers your company needs to grow. 92.1% of Alaskans are high school graduates, above the U.S. average of 86.7% (U.S. Census Bureau, 2015). The Anchorage School District graduates over 3,000 high school students every year, providing an ample supply of young, entry-level workers. Additionally, 28% of Alaskans 25 years and older hold a university bachelor’s degree or higher (U.S. Census Bureau, 2015).
Find Qualified Workers
As a partnership of private sector, Municipal and State entities the Alaska AeroNexus® Alliance is able to provide strategic advice, insight and connections for businesses to find the workers they need. Some of the resources available to employers include:
- Alaska Job Center Network
- Alaska Dept. of Labor and Workforce Development
- University of Alaska-Anchorage (UAA)
- UAA Community & Technical College
- Cook Inlet Tribal Council
- Alaska Career College
- Alaska Pacific University
- King Career Center
Design Your Training Program
Registered Apprenticeships: “Train Up” Employees with the Right Program
Managed as a partnership between U.S. Dept. of Labor and the Alaska Dept. of Labor and Workforce Development, Alaska employers have access to over 1,000 existing apprenticeship programs. If the training needs of an employer are not covered by an existing apprenticeship, the U.S. Dept. of Labor’s Anchorage office can provide custom-tailored apprenticeship curriculum at no cost. This training method is ideal for workers with some of the basic skills who need to be “trained up” to a company’s needs. Typically, employers are responsible for the hourly cost of training employees, if conducted as on-the-job training.
Fund Your Training Program:
Please note: any of the following programs can be combined to maximize value for participating employers
On-the-Job Training Assistance:
State of Alaska’s Dept. of Labor and Workforce Development offers partial reimbursement of a worker’s base wage for on-the-job training (OJT). The employer must complete an OJT with a participating agency. Other conditions apply. Click here for additional information.
Alaska Veteran Employment Corporate Tax Credit
$1,000-3,000 in tax credits available for the hiring of veterans and disabled veterans. More information available here.
Work Opportunity Tax Credit
$1,200-9,600 income tax credit used to off-set training costs of employees in targeted groups.
Click here for more information.
Workforce Innovation and Opportunity Act
Signed into law in 2014, WIOA is a U.S. Dept. of Labor program designed to increase the impact of training funds, in particular for disadvantaged workers (unemployed, low-income, disabled, specific minority groups, etc.). WIOA provides targeted assistance and funding opportunities to employers hiring categorically disadvantaged workers.
Other Training Funds
A number of other training fund options are available to businesses located in Alaska. Programs are designed to be tailored to fit the needs of individual employers.
Businesses can learn more about these programs by clicking here »
University of Alaska-Anchorage, UAA Community & Technical College
With 20,000 students, University of Alaska Anchorage (UAA) is the largest university in Alaska. The University offers 50 undergraduate study areas and a wide variety of occupation-specific certificates and Masters programs. Below are some post-secondary programs offered through the University of Alaska Anchorage (UAA) and the UAA Community & Technical College that can help supply your company with the workers needed to grow:
- Warehousing & Product Assembly
- Industrial Technology (Associate degree)
- Industrial Process Instrumentation (Associate degree)
- Welding and Nondestructive Testing (Associate degree, Occupational Endorsement Certificates)
- Millwright (Occupational Endorsement Certificate)
- Global Logistics & Supply Chain Management (Bachelor degree, MBA, Master of Science)
- Pharmaceutical and Clinical Trials Product Management
- Medical Laboratory Sciences (Associate degree, Bachelor degree)
- Pharmacy Technology (Occupational Endorsement Certificate)
- Biological Sciences (Bachelor degree)
- Medical Assisting (Associates of Applied Science)
- Nursing (Associates, Bachelor, Master, Doctor of Nursing Practice)
- Chemistry (Bachelors)
King Career Center
This high school technical program provides training in 26 career pathways, including 19 subject areas taught by industry professionals. Students gain hands-on experience and have the opportunity to test for professional certifications. Some popular King Career Center programs include:
- Electronics & Telecommunication
- Computer Information Technology (hardware and software repair)
Anchorage’s Foreign Trade Zone: Fast and Flexible Service
Anchorage’s Foreign Trade Zone 160 offers an optional Alternative Site Framework (ASF) model for Foreign Trade Zone users.
Under Anchorage’s ASF model, privately owned property within 60 miles or 90 minutes driving time can be declared part of the FTZ. As such, ASF allows a much greater array of suitable locations for FTZ users to choose from and an expedited approval process.
The ASF operator application is less complex than FTZ models used elsewhere and approval can granted in less than 30 days.
Competitive Tax Structure
Low Taxation, Few Taxes
Anchorage and Alaska offer a low taxation environment well-suited for businesses. The Tax Foundation recently ranked Alaska as having the 3rd best business tax structure in the United States in 2017. The State of Alaska does not impose sales, inventory, gross receipts or personal income tax. The State does collect a Corporate Income Tax which is graduated from 0 percent of taxable income for income below $25,000, up to 9.4 percent of net income for income above $222,000. This tax only applies to the net taxable income allocated and apportioned to the state.
The Municipality of Anchorage collects property and inventory taxes. The property taxes are based on real personal property and are levied on full assessed value at mil rates ranging from 9-18 mils with a mean of 14.7 mils (1.47%). The inventory tax is based on 100 percent of inventory value and the mill rate is the same as the real estate rate. Inventory held for shipment outside of Alaska may be exempt from this tax.
Advantages of Using a Foreign Trade Zone
- Re-exports: Avoid Duty Payments Altogether. Goods imported into Foreign Trade Zones (FTZs) and re-exported (whether as components or finished products) pay no duties.
- Imports: Choose the lowest duty available. FTZ users—in particular, manufacturers– can choose the lowest duty available for import of their goods into the U.S. market. By comparing duties applied to their raw materials, components and finished products, businesses can “lock in” the lowest applicable rate and save significant money on importing through Anchorage.
- Improved Cash Flow: Defer Duty Payments. Warehouse and storage of product in an FTZ has significant cash flow benefits. FTZ users are not responsible for duty payments until the product leaves the Foreign Trade Zone and enters the U.S. As such, warehousing products in an FTZ allow businesses to delay duty payments until the product has been sold
Live, Work and Play in Anchorage
Anchorage is a dynamic city of 300,000 residents (nearly 400,000 in the Anchorage Metropolitan Statistical Area). As the commercial, cultural and administrative hub of Alaska, Anchorage has a strong quality of life, with outdoor, arts and recreation opportunities found nowhere else.
Things to do in Anchorage »
The Anchorage Economic Development Corporation annually compiles a set of national metrics comparing Anchorage to the largest city in all 50 States, plus the District of Columbia. The rankings found in the 2016 Live.Work.Play. Report provide a snapshot at what Alaska’s largest city has to offer:
- Acres of parkland per 1,000 residents: #1 (The Trust for Public Land)
- % of respondents who exercise frequently: #1 (Gallup)
- Museums, Historical sites & Similar per 100,000 Residents: #7 (U.S. Dept. of Commerce Census Bureau)
- Number of Playgrounds per 10,000 Residents: #9 (The Trust for Public Land)
Efficient and Experienced Airport
- Fifth-busiest cargo airport in the world
- Award-winning airport service providers, including ground handlers, cargo terminal operators and aircraft maintenance providers
- Expert weather management;
systemhas never been closed due to weather
- Unencumbered air space; no delays