2nd Quarter 2006

WELCOME!
To our newest investors:
Art International
Hartig, Rhodes, Hoge & Lekisch, P.C.
POB Montgomery and Company
To our newest
Board member:
Douglas M. North,
President of Alaska
Pacific University
Re-Newing Investors:
1st Quarter 2006:
ACS Media, LLC
Alaska Communications Systems, Inc.
Alaska Cargoport, LLC
Alaska Regional Council of Carpenters
Alaska Regional Hospital
Alaska USA Federal Credit Union
Alyeska Resort
BP Exploration (Alaska), Inc.
Brown Jug, Inc.
Cook Inlet Region, Inc.
Davis Constructors & Engineers, Inc.
Denali Alaskan Federal Credit Union
Doyon Universal Services JV
Dynamic Properties, Inc.
Eklutna, Inc.
Federal Express Corporation
Flint Hills Resources Alaska, LLC
Horizon Lines of Alaska, LLC
Hotel Captain Cook
Hughes, Bauman, Pfiffner,
Gorski & Seedorf LLC
Kiewit Building Group
Koonce Pfeffer Bettis, Inc.
AEDC Attends
International
Air Cargo Association
Executive Conference
in Beijing
Bob Poe, AEDC President/CEO, will attend the
International Air Cargo Association’s (TIACA)
executive conference in Beijing, China on April 911th. Linda Close, Marketing Director of the Ted
Stevens International Airport (ANC), will also be in
attendance. TIACA’s meeting is visited by almost all
of the air cargo airlines around the world, and many
of the airports that court air cargo business will be
there as well.
There is a lot of excitement surrounding this
conference because of the bilateral agreement made
between the United States and China on July 24th,
2004. The agreement awarded a total of 222 weekly
all-cargo routes. Of the 111 U.S. routes currently
awarded, 62 will include Anchorage. Three major
Chinese cargo carriers: China Eastern, China Cargo,
and Air China currently come through Anchorage.
It is likely that of the 111 routes awarded to China, a
significant percentage will come through Anchorage
in the next few years because it is important for
cargo businesses to have a concentration of activity,
and Anchorage is strategically ideal for hosting that
concentration.
Poe and Close are both going to work with Chinese
carriers to help them understand the benefits of
2nd Quarter, 2006
AEDCconnections
The Newsletter of
Anchorage Economic
Development
Corporation
coming through Anchorage. Poe believes that
“between talking about the capabilities of ANC
and the capabilities of the Anchorage economy and
business community, we’ll have a great ‘one-two
punch.’”
In December of 2005, Poe and AEDC Board
Member Dennis Mitchell of Lynden International
traveled to China to attend a large trade and
industry show in Shanghai. As part of his current
trip, Poe will be traveling to Shanghai and Qingdao
to follow up with contacts made at that show.
By developing new relationships with Chinese
logistics companies, and by nurturing established
relationships, Anchorage could see significant
benefits. This trip represents the chance to do just
that. According to Poe, “The first thing people
notice when visiting China is how incredible the
country’s economic growth has been; the idea that
Anchorage will be a major trading hub for goods
shipped between China and the U.S. – that’s
phenomenal.”
Please contact Hallie Bissett at hbissett@aedcweb.
com for more information.
WHAT’S INSIDE
page 1
Long Term Thinking
Needed on Oil Taxes
page 2
President’s Letter
Economic Snapshot
page 3
AEDC Grant for Global
Logistics Facility
page 4
Mixing a Little Business
with Pleasure
KPMG
Kumin Associates
Marsh USA, Inc.
McDowell Group, Inc.
Northern Air Cargo
Pacific Tower Properties
Penco Properties
AEDC STAFF
Robert G. Poe
President & CEO
page 6
Michelle Dickson,
PHR
Human Resources
and Finance Director
Jennifer Pringle Taylor
Marketing Director
Rachel Kenshalo
Communications
Director
Hallie Bissett
Logistics Director
Christa Hernandez
Executive Assistant
Providence Alaska
Medical Center Expansion
Rise Alaska, LLC
Superior Plumbing & Heating
page 7
The Strategy Biz, Inc.
Totem Ocean Trailer Express, Inc.
“Iditarod” Press Trip
Successful
VECO Alaska, Inc.
Wilder Construction Co.
THANK YOU!
To Rick Morrison for the use
of his vehicle during our
Iditarod Press Visit
900 West Fifth Avenue, Suite 300
Anchorage, AK 99501
(907) 258-3700
www.aedcweb.com
To Wells Fargo for the use of
their Board room at our
February Board meeting.
8
AEDC is a private nonprofit corporation
(IRS code 501(c)(6)), operating since 1987.
It exists to encourage growth and diversity
in the Anchorage economy, promote a favorable business climate and improve the
standard of living of Anchorage residents.
Funding sources for the corporation are
municipal and state grants, contracts, and
private contributions. For permission
to reproduce any part of this newsletter,
please call (907) 258-3700.
1,900 New Jobs
for Anchorage
page 8
AEDC Attending
International Air Cargo
Conference
Long Term Thinking
Needed On Alaska Oil Taxes
This editorial provided by BP Alaska
There is great concern that the Petroleum
Production Tax (PPT) being considered by
the Alaska Legislature is too high and will
discourage North Slope development, leading
to further oil production decline. The Senate
Resource Committee recently proposed a
25 percent tax rate on oil companies’ profits
(SB305); while the House version of the bill
proposes a 20 percent tax (HB488). Both bills
increase the tax when the price of oil raises above
a certain level, and have pared back some of the
industry incentives offered in the Governor’s
original 20/20 version (20 percent tax and 20
tax credit on capital investments).
What is the impact of North Slope oil
production decline on the longevity of Alaska’s
economy? Already, the North Slope is not
drawing sufficient investment – not for lack
of oil, but for lack of profitable ways to extract
some of the remaining reserves: $2 billion to
$3 billion a year is needed to reduce the current
decline rate of 6 percent to 3 percent. At 6
percent decline, Alaska’s oil business will last
about 25 years. At 15 percent decline – the
natural decline rate without any investment –
it is estimated that our oil business will be gone
in just 10 years. (See lower chart)
Why then the disincentive to invest from the
Legislature? Alaska is already one of the most
expensive places in the world to produce oil.
Assuming even the governor’s 20/20 PPT is put
into place, Alaska will become the area with the
highest marginal tax rate in the U.S. And, at the
governor’s 20 percent rate and a $40/barrel oil
price, the state will generate billions of dollars
more from the oil industry by 2012 than it
would with current oil production taxes.
Certainly a higher tax has the potential to
increase state revenue for the immediate future,
but for how long, and at what cost? With
declining oil production and the risk of a shorter
oil future in Alaska, is a money grab from a
shrinking oil pie today the better solution?
The priority for the state should be to encourage
industry to invest – to grow the economic pie..
As representatives of the people, our legislators
have a responsibility to maintain the stability of
Alaska’s oil business and keep Alaska attractive
to all investors. Maximizing the value of our
resources means more than just maximizing
short term revenues. Oil left in the ground
would be a shameful waste of our resources.
There are more than 17 billion barrels of reserves
yet to be produced within existing fields – more
than the total historical production of the Slope
altogether. But the easy-to-recover oil is behind
us; the remaining reserves include heavy, viscous
oil that demands new technology and more
complex operations to be developed and will
have higher unit production costs. Investment
is essential to keep oil flowing into the pipeline.
It’s estimated that $100
billion will be required
from the industry to fully
develop this known
resource.
1
AEDC
ECONOMIC SNAPSHOT
EX-OFFICIO MEMBERS
Anchorage Population
Letter from the President
By all accounts AEDC’s annual economic forecast luncheon this year was the best ever. Not
only had Anchorage completed its 17th year of uninterrupted job growth and anticipating its
18th, but our speaker – past Labor Secretary Robert Reich – was outstanding. The great thing
about attracting a world class speaker like Robert Reich was that everyone had an enjoyable and
informative lunch; AEDC’s challenge will be to match him at our next event.
But beyond having an entertaining speaking style, Reich had an important message for
Anchorage and Alaska - Anchorage and Alaska have a bright economic future. We often hear
a similar message from visiting journalists and business people. Yes, its AEDC’s role to paint
an optimistic view of our economic future, but the truth is we do have a bright future. Our
challenge often is helping Anchorage believe it.
Taking just the simplest perspective – and this was basically the one Reich took during his
remarks – Alaska has the location and the resources just when the world needs those most. Asian
economies, in particular China, India but also Vietnam are growing rapidly. Our geographic
location is becoming even more central from both an air cargo and marine cargo perspective.
Alaska’s oil and gas resources are becoming more critical to the U.S. as growing economies
compete for oil and gas. With $60 per barrel oil, even Alaska’s less attractive energy resources like
sub-bituminous coal are more attractive for electric generation and gasification. And we have
more strategic minerals than most countries.
269,831
2003
278,018
2004
278,241
2005
• Between 2004 and 2005, Anchorage’s population
grew by 0.8%.
• Anchorage has enjoyed ten consecutive years of
population growth.
• Since 2000, Anchorage’s population has grown by
17,958 residents.
2nd Quarter Hotel Room Gross Sales
(millions of dollars)
$44.3
2003
$48.9
2004
$49.2
2005
• Hotel sales totaled $49.2 million in the 2nd
quarter of 2005, up 0.6% from the same period
in 2004.
•Anchorage’s room inventory in the 2nd quarter of 2005 totaled 8,222 rooms, an increase of
152 rooms over 2004.
• 2nd quarter bed tax receipts decreased
slightly (-0.1%) between 2004 and 2005.
4th Quarter Anchorage Average
Residential MLS Selling Price
But Reich argues even with this wealth and opportunity there are real challenges facing
Anchorage if we want to be successful. First, we have to assure that we develop – and continue
to develop – a competitive workforce to fill the jobs that are required today and to fill the jobs
we don’t even know about tomorrow. We have to look forward not backwards, a trap many U.S.
communities including Anchorage and Alaska fall into. And we have to take steps now to assure
that the next generation won’t be unfairly saddled with the health care and retirement burden of a
“baby boomer” generation.
None of these challenges will be easy. Developing resources has become more costly as
environmental requirements expand; the reality of resource development in today’s world. Our
growth will require increased population for Anchorage – a change not everyone finds desirable
– but a reality for real economic growth. And we’ll have to take risks and invest for the future
even if an occasional mistake is made along the way. Many of the steps which must be taken now
to assure a bright economic future for Anchorage and Alaska will be easy to criticize and tough to
accomplish.
What often puzzles many of the top-flight visitors to Anchorage is why a place with as bright
an economic future as Anchorage is having difficulty seeking its rightful place in the national
and world economies. I think it’s often because we have a hard time believing in ourselves.
Hopefully, through speakers like Robert Reich, we can begin to help the Anchorage business
community hear the same message we hear at AEDC almost
every week from press and business visitors to Anchorage –
Anchorage can be the next great West Coast city.
$274,872
2004
2005
• According to the Anchorage Multiple Listing
Service, the 4th quarter 2005 average residential
sales price was $301,226, an increase of more than
$26,354 from the 4th quarter 2004, and $60,844
more than the 4th quarter 2003.
• The number of residential units sold declined 3.5
percent between 4th quarter 2004 and 4th quarter
2005.
4th Quarter TSAIA Transit Cargo
(billions of pounds)
1.01
1.13
1.16
2003
2004
2005
• In the 4th quarter of 2005, 1.16 billion pounds
of cargo moved through Ted Stevens Anchorage International Airport, a 2.3% increase from
4th quarter 2004.
• October 2005 was the highest month ever for
transiting cargo with over 433 million pounds
of cargo passing through the airport.
Average Apartment Rental Costs
$833
$857
$817
2003
Robert G. Poe,
President and CEO,
AEDC
2004
2005
• According to the Alaska Housing and
Finance Corporation, the average 2005 rental
cost (including utilities) for an apartment in
Anchorage was $857, up $24 from 2004 and
up $40 from 2003.
• The 2005 apartment vacancy rate was 7.2%,
up from 5.2% in 2004.
Economic data compiled by
Johnny Ellis
Senator,
Alaska State Legislature
During the first week of March, AEDC hosted a group of journalists from around the world as
they learned about Anchorage’s business advantages and met with a wide range of our investors.
Afterwards, the journalists got to experience “The Last Great Race” up close, as they were allowed
into the chute at the start of the Iditarod.
05.04.06 09:34
FuW (9) Seite 42
The journalists were Jerry Ao, New York Bureau Chief
for Chinese newspaper Jiefang Daily; Robert Mottley,
Feature Writer for American Shipper magazine; and
Mark Dittli, U.S. Editor for Swiss finance publication
Finanz und Wirtschaft.
The reporters met with representatives from Ted Stevens
Anchorage International Airport, FedEx, Northern Air
Cargo, UAA, the Port of Anchorage, TOTE, Korean
Air, Lynden International, and Mayor Begich.
Mittwoch, 29. März 2006
Immobilien verkauft
Karstadt-Quelle
macht Kasse
Schwarz(01)
(0)
Alaska – heimliche Drehscheibe
Anchorage ist drittgrös
Von Mark Dittli
ster Frachtflughafen der
Finanz und Wirtschaf
t
der Globalisierung
Welt – Hub für Asienver
kehr von Fedex
und UPS – Grosse
Alaska
Pläne
Unter den Investoren überwiegt
Mit einem letzten Aufheulen
ihrer Motodie Skepsis. Der
ren kommt die soeben
gelandete MD-11
am Montag vom
zum Stillstand. Zwei Minuten
später stedeutschen Einzelhen ihre Ladeluken weit
offen. Emsige, in
handelskonzern
dicke Jacken mit dem lila
Fedex-Signet auf
Karstadt-Quelle
6
dem Rücken gehüllte Arbeiter
hieven dem
vorgestellte Jah04
05
06
Koloss Container aus dem
Kurs: 21.25 €, Valor 2400249
Bauch. Bereits
resabschluss rief
dröhnen eine zweite und
eine dritte Makeine Begeisteschine auf dem Parkfeld,
rung hervor, und auch die
das Spiel wiedergleichentags
holt sich, während ein im
bekannt gegebene Immobilientr
Braun von United Parcel Service lackiertes
aktion hat nicht alle überzeugt. ansFlugzeug zur
Als
Startpiste rollt und ein
Folge davon gaben die Aktien
Jumbo-Jet von
nach
eiKorean Air in den milchigtrübe
ner wilden Berg-und-Ta
n Himmel
l-Fahrt bis
donnert. Die Luft zittert.
Dienstagnachmittag 6,3%
Eine
auf
sie sich auf jedem GrossflughafSzene, wie
nach. Engagements bleiben 21.25 €
len könnte. Mit dem Unterschied,en abspiekant und drängen sich nicht hoch risauf.
in den Wäldern am Pistenrand dass hier
Die Immobilientransaktion
Elche und
Bären umherstreifen und
rascht. Der Vorstand hatte hat überdass an diesem
im
frühen Märzmorgen Temperature
ber zwar angekündigt, OptionenDezemn um
für das
fünfzehn Grad unter Null
Immobilienvermögen zu
herrschen.
prüfen
Willkommen in Anchorage,
FuW Nr. 99 vom 14. Dezember). (vgl.
Der
lauferhitzer der globalisierten dem Durchnun gemeldete Verkauf
Welt. Jeder
eines Warenin den USA zum Verkauf
haus-Immobilienportfolio
stehende
im Wert von
jeder Laptop oder jede Digitalkamer iPod,
4,5 Mrd. € kam aber
a hat
unerwartet
mit grosser Wahrscheinli
schnell. Die Immobilien
chkeit in der
gehen an eine
Stadt
am 61. nördlichen Breitengrad
Gesellschaft, die zu 51%
von dem zur
das
erste Mal amerikanischen
Investmentbank Goldman
Boden
Sachs gehöDer Grund: 90% der Weltwirtschaberührt.
renden Immobilienfonds
Whitehall und
ft sind
von Alaska innerhalb von
zu 49% von Karstadt-Que
weniger als neun
lle kontrolStunden Flug erreichbar.
liert wird; der Minderheitsa
Tokio, Schang- Frachtflugzeu
nteil der Eshai, New York und London
ge legen in Anchorage
sener ist grösstenteils kreditfinanzi
sind
einen Zwischenhalt ein
von
hier
– im Jahr 2005 waren
alle gleich weit – oder
Aus der Transaktion fliessen ert.
es 45 000.
nah
«Anchorage ist ein naturgegeben– entfernt.
Konzern 3,7 Mrd. € unmittelbar dem
BILD: PD
er Knoten- Fabriken begünstigte.
zu, dapunkt für den Welthandel»
von gehen 600 Mio. €
Alaska ist bis
, schwärmt Tom in der
aber
Ausbeutungsphase stecken heute den möglich und Anchorage ereilte das
Case, Dekan der University
die Pensionskasse. Weitere direkt an
geblie- gleiche Schicksal
im selben Jahr gefasste
of
800
Stadt hat sich vom Hintern Alaska. Die ben. Anchorage lebte und litt seit
Entscheid von
werden aus der mit Whitehall Mio. €
1968, als land, oder Dakar, wie zuvor Shannon, Ir- Fedex, einen Hub in Anchorage
zum Nabel der am Nordpolarme
Welt hochgearbeitet.
Senegal.
er Erdöl gefunden wurde,
lich vereinbarten Beteiligung vertragten. Seither wächst die Wirtschafteinzurich«1986 sackte der
an der
mit dem Weltpreis des schwarzen
des StaaWertsteigerung erwartet.
Goldes. lar, wenig später Ölpreis auf zehn Dol- tes ohne Unterbruch.
Die ImmobiIn
den
verloren
Siebzigern
Am
wir den Passalien sollen innerhalb der
Nabel der Welt
und Achtzigern er- gierluftverke
nächsten drei
langte die Stadt Weltruhm,
hr. Anchorage fiel in
bis fünf Jahre weiterverkau
eine
als beinahe tiefe Krise»,
ft werden.
jedes Passagierflugzeug
erinnert sich Robert Poe, Von Eskimos und Pinguinen
Linda Close, Marketingch
Unabhängig von dieser Transaktion
von Europa nach Leiter
efin des Tokio über den
der Wirtschaftsförderung
erAnchorage International
Pol flog und in Anchorage
wartet Karstadt-Quelle
der Stadt,
Airport, freut landen
Gewiss; Erdöl ist nach wie
heute. «Die Arbeitslosigk
weitere
musste. Hunderttausende
sich. Die Fenster ihres
vor der wicheit schoss in die tigste
Mio. € aus dem Verkauf anderer 600
strömten Höhe, fünf unserer
Büros vibrieren. in die
Wirtschaftszweig, wie in
ImmoZollfreiläden des Flughafens,
Über 45 000 Frachtmasch
Banken kollabierten.»
Downtown
bilien. Der Mittelzufluss
Anchorage unschwer zu
inen landeten ten Uhren
kaufZwei Ereignisse läuteten
erlaubt es
erkennen ist: Am
hier 2005; ein Flugzeug
und Parfums und Whisky
die Wende ein: elegantesten
dem Konzern, sich komplett
alle
Glasturm prangt
zu ent24 Stunden am Tag, 365 elf Minuten, liessen jedes Jahr 120 Mio. $ in Alaska und Erstens, ironischerweise, die Havarie des
schulden und die Eigenkapital
von Conoco Phillips, danebendas Signet
Tage
lieim
Tankers
Jahr. gen. Nach dem Kollaps
basis
«Exxon Valdez» 1989 im
2006 werden es 10% mehr
steht das
deutlich zu stärken.
der Sowjetunion William-Sun
Princesein. Gemessen öffnete
d, denn die von Exxon finan- Gebäude von Unocal, die grüngelbe Sonne
Russland jedoch seinen
an den umgesetzten Frachttonnen
Beides ist dringend nötig:
Luftraum,
von
BP strahlt von einem weiteren
zierten Aufräumarbeiten
liegt Nonstopflüge von
Die NettoAnchorage auf Rang drei
Wolkeninjizierten Alas- kratzer.
Europa nach Japan wurfinanzverbindlichkeiten
der weltgrössten
Shell setzt auf die Erschliessun
beliefen sich
kas Wirtschaft 2 Mrd. $.
Güterflughäfen, hinter
Und
Ende 2005 auf 3 (i. V. 4,5)
zweitens
g
der
Memphis – der
von Offshore-Vorkommen
Mrd. €, die
Heimbasis von Fedex –
in der BeringEigenkapitalquote betrug
und Hongkong.
see und entlang des Aleutengürte
magere 3,2%
Sobald die Temperature
ls. Der
(5,1). Der Fortschritt der
n steigen,
Baubeginn einer 25 Mrd.
finanziellen
$ teuren ErdgasAusbauarbeiten am Pistensystem werden
Gesundung ist unverkennba
pipeline vom Polarmeer
in Anr.
durch Kanada in
griff genommen. Anchorage
schrieb das Unternehmen Dennoch
die USA wird sehnsüchtig
mit einem
sein, wenn 2008 der erste muss bereit
erwartet.
Verlust von 316 (1625)
Airbus A-380
Was sich ebenfalls kaum
Mio. € erneut
von
verändert
Fedex
rote Zahlen. Die im Sommer
hier aufsetzt. Der Expressdiens
hat,
sind die Klischees, denen
deutlich het
Das Verdikt des Marktes
hat bis zu zwanzig der europäischen
Alaska im Rest
rabgesetzte Prognose für das
ist unzweideu- mekandidate
der USA ausgesetzt ist. Wie
Superum Sondertig. Im Zeitraum der vergangenen
n identifiziert er die niedervögel bestellt. Rivale UPS
Mark
effekte bereinigte Ergebnis
wird den ersten
Bürgermeister von Anchorage, Begich,
sechs ländisch kontrollierte
vor Zinsen,
Monate haben die Aktien
von zehn A-380 ein Jahr
TNT.
im GeSteuern, Abschreibungen
des US-Kurierspäter in Betrieb
spräch erzählt, bedankte sich
und AmortisaVorerst sollten Anleger Fedex,
dienstriesen Fedex 33% zugelegt,
nehmen.
sein Amtskoltion (Ebitda) wurde aber
der Gloder Erz- balisierungsa
lege von New Orleans,
erreicht. Der
rivale United Parcel
Ray Nagin, vor
Die Boomstimmung verdankt
Umsatz gab auf vergleichbare
Service (UPS) zug geben. ktie schlechthin, den Vorwenigen Wochen für die
die Stadt
r Basis
kommt auf 15%. Fedex
Die Titel sind mit einem
Gastfreundschaft
der Grosskreis-Navigation.
4,2% auf 15,5 Mrd. € nach.
geniesst derzeit KGV
Anchorages für achtzig vom
Der kürzeste
Für das lauvon 19 bewertet. Rick
die Sympathien der Analysten
Weg von Amerika nach
Hurrikan «Kafende Jahr erwartet Karstadt-Que
Paterson
und
Asien
trina»
Invesführt
vertriebene Familien an
von UBS empfiehlt sie mit
über
lle eitoren – und das dürfte eine
Alaska. Zwar sind moderne
nen leichten Anstieg des
einem KursWeile so blei- ziel von
renz mit den Worten «unsere einer Konfevergleichbaren
140 $ zum Kauf.
ben. Für den Konzern aus
der Lage, die Strecke von Flugzeuge in
Umsatzes und eine Steigerung
Memphis spreMD
den in Alaska von Eskimos Bürger wurbeispielsweise
chen steigende Margen,
Chicago nach Schanghai
und Pinguinen
nigten Ebitda um etwa 20%, des bereiMarktanteilsnonstop zu beherzlich empfangen.»
also von
gewinne im US-Bodenve
wältigen, doch sie schaffen
544 auf rund 650 Mio.
rkehr
das nur, wenn
€. Nach AbVormachtstellung mit 39% sowie die
sie ihr Ladepotenzial nicht
schluss der Sanierung werden
Fedex / UPS
Anteil im
Der Puls ruht nie
ein Umrasant wachsenden Expressgesch
Flughafenmanagerin Close ausschöpfen.
satz von 17 bis 18 Mrd. €
äft zwirechnet vor:
und ein Ebitda
schen China und den USA.
«Der Flugweg von Guangzhou
von etwa 1,1 Mrd. € angestrebt.
Unverkennbar hebt sich in
CB
Der vor einer Woche publizierte
Francisco beträgt 6013 nautischenach San
der Bevölke100
rung aber das Gefühl, Anchorage
DrittMeilen.
quartalsabschluss von Fedex
Fliegt ein Jumbo-Jet die
könnte
liess kaum
Strecke nonstop,
zu Höherem geboren sein
Wünsche
kann er 65 Tonnen Fracht
denn als blosses
offen. Der Umsatz stieg 9%
Hauptquartier für Öl-,
auf
8 Mrd. $, der Gewinn expandierte
und
Legt der Pilot in Anchorage mitnehmen.
80
Anzeige
zerne. Bürgermeister Begich,Bergbaukoneine Landung
34%
auf 1.38 $ je Aktie. Besonders
ein, um auf halbem Weg
förderer Poe und Professor WirtschaftsAnalysten, dass das Unternehmenerfreute
kann die Maschine mit aufzutanken,
Case träumen
die
von
110
BeLogistikzentr
Tonnen
en. «Weshalb sollte eine
triebsgewinnmarge im
Fracht gefüllt werden.
60
Expressgeschäft
Einem Container
Hewlett-Packard nicht eine
von 6,9 auf 8,3% ausweitete.
macht es nichts aus, wenn
DistributionsFür
er für den Weg
stätte
das
hier
einrichten, die jeden Punkt
vierte Quartal per Ende
zu seinem Ziel zwei
der
Mai
Stunden länger
Welt bedienen könnte?»,
Konzernleitung eine 10%-Margestellt die
braucht.»
fragt Case. Auf
in Ausjeder Unterlage, die Poe
sicht. Dieser Trend ist einer
präsentiert, ist das
Fedex, UPS und mehrere
der HauptLogo gedruckt, das Anchorage
Frachtairlines
gründe, weshalb Fedex in
40
haben das System so perfektionier
Wallstreet den
der Welt zeigt. Er wird beten, als Nabel
t, dass
2003
Vorzug erhält. «Fedex startet
2004
ihre Flüge in Wellen kommen
Frachtflug2005
06
von einer
zeuge mögen noch lange
Kurs Fedex: 112.74 $, Symbol:
und gehen,
tieferen Basis und besitzt
FDX
nicht so treibstoffaber nicht alleine was eine Feinverteilung der Sendungen
mehr HebelwirUPS angeglichen
effizient werden, dass sie
kung als UPS, um den
ermöglicht. «Mit wenigen
den
S&P-500-Index angeglichen
Gewinn zu stei(Ihr Partner kann Sie
Volllast überqueren können. Pazifik mit
Ausnahmen
bei uns begleiten)
gern», schreibt Adam
legen alle unsere Flüge
Finanz und Wirtschaft-Thomson
Hylan,
zwischen Asien
Mittlerweile ist früher Nachmittag
von HSBC, in einer VergleichsstuAnalyst
und Nordamerika einen
am
Stopp
die.
Flughafen. Der Schnee auf
UPS kamen 1999 mit
age ein», sagt Dale Shaw, in Anchorden nahen ChuKennzahlen
einem hohen
gach-Bergen gleisst im
Kurs-Gewinn-Verhältnis
kühlen
von Fedex. Ein Drehkreuz Stationsleiter
von über 30 an
licht. Soeben ist eine Fedex-MaschSonnenmit Tausenden
Fedex 2006 UPS 2006
die Börse. Der Aktienkurs
von Arbeitsplätzen ist entstanden.
ine aus
hat sich seither
Taipeh gelandet. Sie wird
Fedex
Umsatz in Mrd. $
nur unwesentlich bewegt,
ist heute mit über 1200
32,2
die GewinnsteiAngestellten der
46,8
Männern – die meisten der von zwanzig
– Veränderung in %
gerung der vergangenen
neuntgrösste Arbeitgeber
Arbeiter
+ 9,5
+ 9,8
Jahre hat bloss
Alaskas.
Bart – ausgeweidet. Im angenehm tragen
Betriebsgewinn (Ebit) in
eine KGV-Kontraktion
Mrd. $
3,1
warmen
6,8
auf 20 bewirkt.
– in % des Umsatzes
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m rauschen Förderbände
Edward Wolfe, Analyst von
Akutspital für Innere Medizin
9,6
14,5
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r,
Gewinn in Mrd. $
Bear Stearns,
Plastiksäcke voller Dokumente,
1,8
mit integrierter Rehabilitation
glaubt, das UPS-Manage
4,3
Kartons,
Gewinn pro Aktie in $
ment sei zunehmit den Logos von HP, Intel
5.94
Tel. +41 52 742 11 11
3.94
mend frustriert über den
und AU OptroDas war nicht immer so.
– Veränderung in %
Kursverlauf. Er
+ 24,3
nics flitzen umher und
In der West+ 13,5
Fax +41 52 742 16 11
kann sich vorstellen, der
Dividende in $
landen über Rutwärtsbewegung der amerikanisch
Konzern werde
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schen in verschiedenen
8265 Mammern, Thurgau
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seine Bilanz bald mit mehr
kerung im 19. Jahrhundert
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112.74
Schulden «opmail@klinik-schloss-mammer
78.89
Dort stehen neue Containerzüg
war
KGV
timieren» und seinen
n.ch
dass in den neuen Territorien es normal,
19
www.klinik-schloss-mammer
üppigen freien
20
Flüge nach Newark, Oakland,e bereit, für
Dividendenrendite in %
zuerst die
n.ch
Cash-flow von über 4 Mrd.
Ressourcen – Wald, Gold,
0,3
www.swissleadinghospitals.ch
1,9
$ im Jahr für
Börsenkap. in Mrd. $
Büffel – ausgeDallas und Indianapolis. Zwei Memphis,
grössere Aktienrückkäufe
34,3
beutet wurden. Alsbald setzte
Stunden
86,2
späoder
Angestellte
ter kreischen acht Maschinen
250 000
tionen einsetzen. Als möglichen Akquisi384 000
Infrastruktur entstand, was Handel ein,
mit lilaÜbernahfarbener Heckflosse und
den Bau von
Schätzung; Fedex Jahresabschluss
neuer Ladung im
per Ende Mai
Bauch in den Himmel über
Anchorage. Sie
werden bald zurückkehren
.
Karstadt-Quelle
Anchorage,
20
10
Fedex oder UPS kaufen?
We expect significant media coverage as a direct result
of this trip; one reporter was so enthused about
Anchorage that he has already promised to write “at
least five” stories about our economy and business
opportunities. We have already seen our first result:
a lenghty article in Finanz and Wirtschaft entitled
“Anchorage, the Center of World Trade.”
Ben Stevens
Senator,
Alaska State Legislature
Ausland
Nr. 24
Ethan Berkowitz
Representative,
Alaska State Legislature
Lesil McGuire
Representative,
Alaska State Legislature
MUNICIPALITY
Mayor Mark Begich
Municipality of Anchorage
Paul Bauer
Assembly Member,
Municipality of Anchorage
Dan Coffey
Assembly Member,
Municipality of Anchorage
Krank
A
A
A
$240,382
2003
LEGISLATORS
“Iditarod”–Themed Press Trip Successful
Seite 42
$301,226
2
BOARD OF DIRECTORS
AEDC Predicts 1,900 New Jobs
for Anchorage in 2006
At our Annual Economic Forecast Luncheon on January 31st, AEDC forecasted an increase of
1,900 jobs in 2006.
Though all sectors should experience some growth or remain stable, the health care sector
will account for the highest increase in jobs. AEDC expects about 600 jobs in the health care
sector to be added in 2006. Other strong sectors in terms of job growth are construction and
professional services, with increases of 400 and 350 jobs, respectively.
“In 2005, Anchorage enjoyed its 17th consecutive year of job growth and AEDC expects another.
Employment in all sectors will rise or remain stable, with the biggest increase occurring in
the health care sector,” said AEDC President/CEO Bob Poe. “Other key factors in the 2006
economy include potential development of the Alaska natural gas pipeline, continuing high oil
prices and planned large construction projects, all of which may contribute to an even greater
increase in jobs.
The Economic Forecast Luncheon featured Mayor
Begich presenting his views on the 2006 Anchorage
economy, as well as opportunities he sees on the
horizon.
The luncheon’s keynote speech was delivered by
Robert Reich, noted author, commentator, and
former U.S. Secretary of Labor. Reich offered a
national perspective on issues facing the global
and Alaskan economies.
AEDC will present a mid-year update to
the 2006 Economic Forecast at our Annual
Investor Appreciation Luncheon this summer.
APPOINTED BY THE BOARD
Mike Brady
Vice President,
Ken Brady Construction Co. Inc.
Bruce Bustamante
President & CEO,
Anchorage Convention
& Visitor’s Bureau
Carol Comeau
Superintendent,
Anchorage School District
Jim Gorski
Member,
Hughes, Bauman, Pfiffer,
Gorski & Seedorf, LLC
Mary K. Hughes
State Director,
Office of U.S. Senator
Lisa Murkowski
Elaine Maimon
Chancellor,
University of Alaska, Anchorage
Jim McMillan
Deputy Director-Credit, & Business
Development, AIDEA
Mel Nichols
Vice President of Operations,
DOWL Engineers
Bill Noll
Commissioner,
State of AK - DCCED
Tennys Owens
President,
Artique, Ltd.
Mary Ann Pease
Chair, Anchorage
Chamber of Commerce
Mort Plumb
Airport Director,
Ted Stevens Anchorage
International Airport
Kathy Porterfield
Managing Partner,
KPMG
7
AEDC
2006 BOARD OF DIRECTORS
VOTING MEMBERS
John Parrott, Chair
VP/General Manager Alaska Division,
Totem Ocean Trailer Express
Sophie Minich, Vice Chair
Sr. Vice President of Business,
Development, CIRI
Brian Nerland, Secretary/Treasurer
District President,
KeyBank National Association
Mark Bambridge
Manager of Supply Chain Management,
BP Exploration (Alaska)
Bill Behnke
Sr. VP Business Development & Strategic Initiatives,
GCI
Larry Cash
President,
RIM Architects
Suzanne Cherot
Managing Partner,
Birch, Horton, Bittner & Cherot
Jeffrey Davis
VP/General Manager,
Premera Blue Cross
Blue Shield of Alaska
Sheldon Fisher
Senior VP of Product, Sales & Marketing
Alaska Communications Systems
Peter Grunwaldt
President, Premier Alaska Tours
David Hamilton
Sr. VP Business & Commercial Lending,
Alaska USA Federal Credit Union
Michael Higley
Managing Director of Alaska Operations,
FedEx
Stephanie Holthaus
Vice President of Cargo,
Northern Air Cargo
Tony Izzo
President & CEO,
ENSTAR Natural Gas Company
Bob Lacher
Manager of Federal Services & Infrastructure,
VECO Alaska, Inc.
Ed Lamb
CEO & President,
Alaska Regional Hospital
Dennis Mitchell
Alaska District Manager,
Lynden Air Freight
Bill O’Leary
VP of of Finance & CFO,
Alaska Railroad Corporation
John Palmatier
Executive Secretary/Treasurer,
Alaska Regional Council
of Carpenters
Michael Prozeralik
President,
Koonce Pfeffer Bettis, Inc.
Tim Schrage
Director of Operations,
Brown Jug Inc.
AEDC PLATINUM INVESTORS:
AEDC Awards Grant to Develop
Global Logistics Facility
Providence Alaska Medical Center
Expands Campus
This article sponsored by Providence Alaska Medical Center
On April 21, 2006, Providence Alaska Medical Center’s $50 million expansion project will
open. The new medical office building, its parking garage and a sky bridge that connects the new
structure to the existing hospital are part of the first phase development of the new Providence
Creekside Campus located south of Chester creek.
The new medical office building (first of three buildings that will be the Providence Health Park)
was built due to an increased need and demand for physician services in Alaska, especially for
specialists. Providence Alaska Medical Center ran out of space for leasing physician office space on
its current campus, and, as proof of the demand, the medical office building was leased at 91%
before construction.
Total square footage of the project, including the building and the sky bridge is 182,378 and the
useable square footage for physician offices is 116,000. The Alaska Heart Institute will occupy
55,000 square feet of the new building. In addition to physician offices, other amenities include
an outpatient lab, café, coffee cart, and heated sidewalks and driveway. Physicians are scheduled
to start moving in late April 2006.
Connecting the new building to Providence Alaska Medical Center was a priority for the project,
so a 361-feet sky bridge was built over the creek to ensure easy, safe and comfortable access to
both facilities. In addition, a much needed 440-space parking structure has been built.
The new medical office building will be the hub for the Providence Health Park, as the lobby
will connect the future medical office buildings. The second medical office building is part
of the second expansion phase. Construction for this building has started and will house a
comprehensive cancer center scheduled to open in December 2007. Eventually a third medical
office building estimated to be 100,000 square feet will be built, connecting to the first medical
office building.
Other current construction projects on Providence’s Creekside Campus include the renovation of
the old API building, which will become the Providence Region Administration Building. This
will centralize all of the organization’s region departments and its 300 employees in one building.
Plans to construct a new 44-bed Providence House in the area are also underway.
For more information or questions about the
Creekside Campus expansion, please contact
Christine Klein, Regional Director of Real
Estate and Development, at 743-2340.
Richard Strutz
Regional President,
Wells Fargo Bank N.A.
John D. Urbina
Managing Director–Investment Banking,
A.G. Edwards & Sons, Inc.
Pat Walsh
President & CEO,
Walsh Sheppard Flynn
Brian Wenzel
VP Finance & Administration
ConocoPhillips Alaska, Inc.
 
 



 
   

AEDC held a pre-proposal conference on
February 23rd in order to answer questions
and clarify the project’s intent. The preproposal conference was attended by five
logistics organizations, as well as representatives
from the University of Alaska Anchorage’s
Global Logistics Program. The deadline for
submitting proposals was March 31st, 2006,
and the selection was made on April 5th, 2006.
When it comes to surface cargo opportunities,
the Port of Anchorage is an ideal location for
business. When acting as a transit point for
United States-bound Asian cargo, the Port of
Anchorage can offer a time savings of 14 days
or more. There are many ways to capitalize on
special routes for time-sensitive goods destined
for the continental U.S. and Canada. In
addition, Anchorage is currently served by a
wide range of surface transportation operators
including, truck, domestic marine roll-on/rolloff, domestic container, barge, and rail-barge.
The awarding of this grant falls in line with
AEDC’s continuing efforts to enhance logistics
services in Anchorage. AEDC President and
CEO Bob Poe believes that “value-added
logistics services make good economic sense in
Anchorage,” and he is looking forward to the
development of a new global logistics facility
that can take advantage of the air and surface
cargo opportunities in Anchorage.
In preparation for Providence Creekside Campus development, roadway expansion and
construction was completed to extend Piper Street from Tudor Road through to Providence
Drive. Patients and Visitors can now access the campus from Tudor Road.

Anchorage a strategic location for conducting
business with the United State’s top trading
partners, including Canada, Japan, South
Korea, and China.
Sample air cargo opportunities include:
• maintenance and repair
• reverse logistics services
• kitting
• sub-assembly/final-assembly
• cargo transfer/ground cargo handling
• Just-in-time inventory management
• parts banks
Under this grant none of the funds provided
may be used for program operations. The
intent of Congress is to ensure that grant
recipients use the funds for construction,
rehabilitation, property acquisition and other
“hard cost” activities as opposed to service or
program delivery costs.
Chis Stephens
Associate Broker,
Bond, Stephens, & Johnson, Inc.
Mark Vasconi
Business Planning Director,
AT & T Alascom
On February 17 , AEDC issued a Request for
Proposals (RFP) seeking qualified companies
or individuals to expand the range of valueadded logistics services offered in Anchorage.
Now, we are pleased to announce that we have
awarded a $150,000 grant to Commodity
Forwarders, Inc.(CFI) for the development
of a global logistics facility. We acquired the
grant through an Economic Development
Initiative-Special Purpose grant from the
U.S. Department of Housing and Urban
Development (HUD).
th
        



Sample surface cargo opportunities include:
• rapid movement of time sensitive
surface cargo
• expedited customs clearance
• reverse logistics services
• kitting
• sub-assembly/final-assembly
• end-to-end matching
• returnable container management
The project start date is yet to be determined,
and details of the logistics facility development
have not yet been finalized. We will continue
to keep our investors up-to-date on the
latest news regarding this project, and in the
meantime, please contact Hallie Bissett at
[email protected] for more information.
Anchorage’s Ted Stevens International Airport
(ANC) is the 3rd busiest cargo airport in the
world with approximately 650 wide body
landings per week, and growth in both total
cargo tonnage and number of carriers is
expected to continue to
climb. Alaska has the
added benefit of being
nine hours by air to 95
N:
S S AT T E N T IO
percent of the industrialRECENT PRE
ized world, making
P
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• Generic Line
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• Anchorage Dai
(3 articles)
telligencer
• Seattle Post-In es
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• China Global T
Anchorage Water
& Wastewater Utility
Immediate-Care, Inc.
General Communication,
Inc.
Municipality of
Anchorage
Municipal Light & Power
Port of Anchorage
Providence Alaska
Medical Center
Solid Waste Services
Ted Stevens Anchorage
International Airport
Walsh • Sheppard • Flynn
Jonathan Widdis
Corporate Director of Business Development,
ASCG Incorporated
6
Lon Wilson
President,
The Wilson Agency, LLC
3
AEDC
Mix a Little
Business
with Pleasure
Campaign
AEDC’s “Mix a Little Business with Pleasure” marketing campaign was introduced in
the summer of 2005 with the purpose of reaching businesspeople who might consider
combining a summer visit to Anchorage with a serious examination of available business
opportunities here. We divided up our audience into three categories: top
businesspeople along the West Coast, travel writers visiting to research Alaska’s visitor
industry, and people currently in Alaska on vacation.
Our “Mix a Little Business with Pleasure” initiative falls under one of our primary objectives:
to market Anchorage’s economic advantages to Outside businesses – but only when it makes
strategic sense for them to be here. In order to market Anchorage effectively, it is important to dispel
misconceptions about our state and our economy.
This campaign emerged as a part of our ongoing goal to communicate directly with business owners
and executives who might be frustrated with high taxes, congestion, pollution, and low quality of life
found in other West Coast states, and whose businesses can take advantage of Anchorage’s excellent
quality of life, strategic geographic location and motivated workforce. It falls in line with AEDC’s
belief that when it comes to marketing Anchorage as a good business location, “seeing is believing.”
“Anchorage sells itself in terms of its beauty, recreational opportunities, and the quality of life we are
fortunate to have,” said AEDC President/CEO Bob Poe. “So the ‘Mix a Little Business with Pleasure’
initiative was designed to target people already sold on Anchorage’s lifestyle advantages, and let them
know that Anchorage is also a great place to do business.”
Projects that fell under the “Mix a Little Business with Pleasure” initiative met with mixed success in
2005. To communicate to our first audience, executives along the West Coast, we sponsored special
features on Anchorage’s business climate in the spring issues of Washington and California CEO
Magazines.
In spring of 2005, AEDC hosted, along with the editors of CEO Media, a roundtable discussion to
bring together top business and political leaders to exchange ideas on current successes, opportunities,
issues, and challenges facing Anchorage and our economy. Ideas generated during this roundtable
discussion were used to develop the Anchorage Regional Report. This report was featured in the spring
issues of Washington CEO and California CEO magazines.
We timed the release of this report so that CEOs in Washington and California might consider
combining a summer visit to Anchorage with a serious examination of available business opportunities
in Alaska.
Though our effort produced a quality marketing piece that we still use today, the number of inquiries
we received as a result of the report was less than we’d hoped for.
To communicate with our second audience, travel writers reporting on Alaska’s visitor industry, AEDC
became a main sponsor of the Society of American Travel Writers Conference, held in Anchorage in
May of 2005. Sponsorship gave us direct access to writers, and we were able to supply interesting story
pitches about doing business in Anchorage. AEDC’s sponsorship also afforded us speaking time at the
event, booth space, and the right to distribute promotional materials and gifts.
4
When it was all said and done, our sponsorship didn’t quite net the results we expected. Most
writers seemed very keen on writing a travel story about Anchorage, and few wanted to delve into
Anchorage’s economy and business opportunities. That being said, several travel photographers
provided excellent photos of Anchorage that we use in marketing materials today.
Finally, to target people currently in Alaska on vacation, AEDC developed a television commercial
in late 2004 to present Anchorage’s economic and quality of life benefits to Anchorage visitors. This
three-minute spot currently plays in nearly every Anchorage hotel room, and at the Ted Stevens
Anchorage International Airport baggage claim area. It features testimonials from Mayor Begich,
Bob Poe, and AEDC investors that disprove common fallacies and inform viewers of the thriving
economy, business opportunities, and lifestyle advantages Anchorage has to offer. This campaign has
proven to be an effective marketing tool, though we have found that our message may need some
adjusting in order to generate more direct responses.
We have evaluated our 2005 successes and challenges and have developed a more refined “Mix a Little
Business with Pleasure” marketing campaign for 2006, better suited to reach our target audiences
and one we believe will be more effective at encouraging people to contact AEDC to learn about
Anchorage’s available business opportunities.
“Our first run at the ‘Mix a Little Business with Pleasure’ campaign taught us a lot,” Poe said. “We’ve
learned what’s most effective, and we’re prepared to hit the ground running in the summer of 2006.”
We decided that although we were on the right track by sponsoring a special report in Washington
and California CEO magazines, we needed to find a publication that would reach more people and
do a better job of telling Anchorage’s economic story. Therefore, we have sponsored a special feature
on Anchorage’s economy in the April issue of Alaska Airlines magazine.
We decided that Alaska Airlines magazine would be the perfect way to reach our target audience.
According to Alaska Airlines, more than 70 percent of passengers are flying on business in any given
month. These are exactly the people we want to communicate with. Even better, they’re stuck on an
airplane for at least a few hours and are likely to thumb through the magazine. In addition, because
Alaska Airlines magazine reaches over 1.6 million monthly passengers, we are able to reach a much
wider audience than we have before through similar efforts.
“We’ve
learned
what’s
most
effective,
and we’re
prepared
to hit the
ground
running
in the
summer
of 2006.”
Secondly, for the summer of 2006, we have decided to continue our sponsorship of the Alaska
Channel in each Anchorage hotel room – but with a few modifications. We are adding a “call to
action” tag at the end of each spot that will be customized for each hotel. For instance, for the spot
that will run at the Hotel Captain Cook, we will encourage viewers to “just take a walk across the
street” to meet with us and learn about the economy and available business opportunities. We will
encourage walk-in traffic by offering a small giveaway (a historic print of Anchorage) at our offices for
people who mention having seen us on the Alaska Channel.
We expect this to be a very productive summer and are excited too see how our “Mix a Little Business
with Pleasure” efforts pay off. We know that Alaska sells itself in terms of lifestyle advantages, and we
look forward to doing our part: marketing Anchorage as an excellent place to do business as a part of
our overall mission to “grow and diversify the Anchorage economy.”
5