Promote economic development opportunities.
- Maximize economic opportunities for Alaskans.
|Mission Results||Core Services|
|A: Result - Economic opportunities for Alaskans are optimized.|
|A1: Core Service - Maximize economic opportunities for Alaskans.|
Target #2: Maintain or improve total nonfarm employment.
Analysis of results and challenges: The employment numbers exclude self-employed workers, fishers, domestics and unpaid family workers. In calendar year 2019, employment was slightly higher than in the two previous years.
Target #3: Increase corporation tax revenue as a result of increased economic activity.
State of Alaska Corporate Tax Liabilities (millions)
Analysis of results and challenges: Amounts reflect the total general fund tax collections as reported on corporate income tax returns. Corporate taxes grew overall in 2019, but are still well below collections in 2011.
|A2: Core Service - Research|
Target #1: Promote Alaska's economic assets and industries to external audiences through development of research projects.
Research Projects Undertaken
Analysis of results and challenges: Projects include total quantity of primary and secondary research projects the Division of Economic Development designed, implemented, and/or coordinated. Natural resources include seafood, minerals, and wood product industries.
From FY2017 to FY2020 DED staff was reduced from seven full-time positions to three. As a result of lower staffing levels, fewer research projects were accomplished. Additionally, in FY2020, DED staff provided significant assistance in reviewing and processing AK CARES grants, which resulted in fewer research projects completed.
Current as of December 3, 2020