AMA, Council of Alaska Producers Unveil Annual Economic Report
n Mostly year-round jobs for residents of 90+ communities throughout Alaska, half of which are found in rural Alaska Mining was a bright spot in our economy. There were no significant production disruptions or worker layoffs and millions of dollars in payroll continued to be infused throughout many Alaska communities. Mining companies injected critical dollars into local economies in Juneau, Fairbanks and Anchorage. 2020 numbers saw an increase of 100 direct and 200 indirect jobs, $150 million more in payroll, and a $3,000 increase in the average annual wage from $112 million. Revenues to local governments increased by $12 million and to the state by $5 million. The number of Alaska communities with mining industry employees increased from 70 to over 90 communities. Mining truly does work for Alaska. The report is available for download on AMA’s website: www.alaskaminers.org/economic-benefits
The Annual Economic Benefits of Alaska’s Mining Industry report by McKinley Research Group (formerly McDowell Group) is now available. Benefits brought to Alaska in 2020 include: n 4,700 and 9,600 direct and indirect jobs attributed to Alaska’s mining industry n $890 million in total direct and indirect payroll, not including highly competitive benefit packages n $880 million in purchases of goods and services from about 600 Alaska vendors n Some of Alaska’s highest-paying jobs with an average annual wage of $115,320; more than twice the state average for all sectors of the economy n $49 million in local government revenue n $117 million in state government revenue through mining licenses, rents, royalties, fees and taxes, and other government-related payments n $175 million in payments to Alaska Native Corporations
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www.alaskaminers.org I The Alaska Miner I Year in Review 2020
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