Jenna Wright, President of the Anchorage Economic Development Corporation, predicts a bright future for Anchorage’s economic growth. The city is expected to add 3000 new jobs, and personal incomes will continue to rise. However, Write notes that finding qualified individuals to fill these roles will be a challenge.
The Anchorage Economic Development Corporation’s 2025 forecast report highlights the city’s struggle to attract and retain working-age residents. In 2014 working-age residents made up 69% of the population but this number declined to 65% in 2024. Meanwhile, certain industries such as construction and healthcare have shown significant growth.
Mayor Susanne LaFrance emphasizes the importance of making Anchorage a desirable place to live with a focus on public safety. Investing in quality-of-life projects is crucial to attracting new talent and strengthening the local economy. The Anchorage Economic Development Corporation supports implementing sales tax to fund these initiatives.
Furthermore, Anchorage Employment is expected to return to pre-pandemic levels in 2025. The price of consumer goods has started to stabilize, and personal incomes in Anchorage rose by 7.5% last year, outpacing inflation.
Additionally, the city’s effort to address its demographic challenges is underway. The Anchorage Economic Development Corporation is working to attract new businesses and talent to the area.
Anchorage’s economic growth is expected to continue, with new jobs and rising incomes on the horizon. As Mayor Susanne LaFrance works to make Anchorage a better place, the city is poised for a bright future.
News Story originally published by Alaska’s News Source.
