Diversification key to Anchorage's growth.

Alaska Business MonthlyVol. 15 Nbr. 2, February 1999

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Anchorage, AK

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Diversification key to Anchorage's growth.

Despite low oil prices and imminent layoffs by the oil industry, the Anchorage economy will see growth this year due to increased employment in other industries. All combined, the economy will likely grow an estimated 2 percent during 1999 according to an AEDC forecast.

In one of the more decisive years of economic growth, the Anchorage economy has shown that diversification does matter.

As most Anchorage residents are aware, 1998 was a tough year for several natural resour...

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