Northline Seafoods Building New Mobile Processor

Sitka-based Northline Seafoods secured funding to build a mobile commercial salmon processing platform for the Bristol Bay fishery. The vessel is billed as the world’s most sustainable and efficient, a one-of-a-kind vertically integrated processor. And it already has a name: Hannah.

By consolidating the freezing, shipping, storing, and reprocessing operations, Hannah eliminates the number of intermediate hands that Bristol Bay salmon passes through between the catcher and the customer. And by shipping whole frozen fish to Bellingham at the end of the season, processing can be spread out over time, creating year-round jobs for processors, engineers, maintenance staff, sales and logistics personnel, and corporate management staff. Read the full article here.

Source: Alaska Business.

REPOWERED FishBiz website!

Alaska commercial fishermen in search of business management assistance will find a wealth of information and tools on Alaska Sea Grant’s revised FishBiz website.

The redesigned and updated site has pertinent information for all phases of a commercial fishing career, from just entering, to upgrading and diversifying, to getting ready to retire. Topics include financing, income diversification, direct marketing and more. Podcasts and downloadable spreadsheets are featured throughout the site, as well as links to key state and federal resources important for making good business decisions.

Source: FishBiz

Alaska January Economic Trends

In January Trends: All Alaska industries expected to add jobs or hold steady, worker shortages are ongoing, and federal infrastructure money will start flowing in 2023. Read more about Alaska’s economic outlook in this issue of Trends.

Source: Alaska Department of Labor and Workforce Development.

The Blue Economy

Worldwide, the blue economy was estimated at $1.5 trillion per year in 2017 and is expected to double by 2030. There is fascination with Alaska and the biological diversity and the grandeur of the state that pulls people in. The blue economy represents the single greatest opportunity for job creation in the state and allow for Alaska to move away from simply an economy that’s based on extraction to one that’s based on sustainability and a benefit to the environment.

Source: Empower Alaska

Alaska November Economic Trends

In November Trends: Seafood harvesting employment declined slightly in 2021 after a large drop in 2020. The pandemic was less of an obstacle in 2021 than the year before, but restrictions and outbreaks continued to put a damper on the industry. Also in this issue: Hope is on the horizon for the community of Adak. A private consultant is working to secure a new plant operator to reopen the processing plant in 2023, and the Port of Adak will receive $10.1 million in federal infrastructure funding this year.

Source: Alaska Department of Labor and Workforce Development.