Overall Economic Makeup 100% Manufacturing Transportation 80% - - PowerPoint PPT Presentation

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Overall Economic Makeup 100% Manufacturing Transportation 80% - - PowerPoint PPT Presentation

Mar 29, 2023 492 likes •714 views

Kenai Peninsula: Manufacturing an Economy A service of the University of Alaska, Business Enterprise Institute Alyssa Rodrigues Director Overall Economic Makeup 100% Manufacturing Transportation 80% Government Oil 60% 40% Remainder 20%

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Kenai Peninsula: Manufacturing an Economy

A service of the University of Alaska, Business Enterprise Institute

Alyssa Rodrigues Director

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SLIDE 2

Overall Economic Makeup

0% 20% 40% 60% 80% 100%

Kenai Peninsula Alaska

Remainder Oil Government Transportation Manufacturing

Employment by sector, 2018

Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

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SLIDE 3

Statewide Jobs Forecast Second Year of Growth

1.8%1.7% 1.0% 1.3%

  • 0.4%

1.3% 1.7% 1.5% 0.4%0.5%0.5%

  • 2.0%
  • 1.3%
  • 0.3%

0.5% 0.3%

  • 2.5%
  • 1.5%
  • 0.5%

0.5% 1.5% 2.5%

Percent job growth

Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

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SLIDE 4

1.5% 0.8% 1.5% 1.8%1.7% 1.0% 1.3%

  • 0.4%

1.3% 1.7% 1.5% 0.4%0.5%0.5%

  • 2.0%
  • 1.3%

0.0% 1.9% 0.5%

Kenai: From Growth to Decline and Back Again

Percent job growth

Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

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SLIDE 5

Statistically Important Brain Break

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SLIDE 6

83 42 24 17

  • (8)

(11) (38) (53) (56)

Professional & Technical Retail Trade Leisure & Hospitality State Gov Oil & Gas Total Construction Federal Gov Health care Local Gov Manufacturing

Small Changes in Most Industries

Employment growth and wages by select industry, 2018 vs 2017

Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

$47,700 $30,200 $22,200 $56,800 $111,600 $48,800 $83,000 $46,000 $53,700 $72,600 $57,400

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SLIDE 7

50 100 150 200 250 300

Oil & Gas Construction Food Man. Other Man. Trade Transportation Real Estate Professional & Bus Education Health Acc Food Service Other

Claimants 2018 2019

Changes in Unemployment Claims by Industry

Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

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SLIDE 8

Population Growth Stronger in KPB

1.7% 1.2% 0.7% 0.0% 0.1% 0.4%

  • 0.2%
  • 0.2%

2.0% 0.2% 0.5% 0.9% 0.5% 0.6% 0.1% 0.6% 2011 2012 2013 2014 2015 2016 2017 2018

Alaska KPB

Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

Percent change in population, 2010-2018

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SLIDE 9
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SLIDE 10

Trends in Statewide Manufacturing

Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

2,000 4,000 6,000 8,000 10,000 12,000 14,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Seafood Processing Other Manufacturing

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SLIDE 11

Who are Alaska’s Manufacturers

Photo: Trident Seafoods Photo: Alpine Fit Photo: Wild Scoops Photo: Taco Loco Photo: 49th State Brewing Photo: General Mechanical Inc.

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SLIDE 12

Manufacturing in the Kenai Peninsula Borough

Employment and wages in non-confidential manufacturing industries

9 11 38 50 71 344 Printing and Support Activities Miscellaneous Beverage and Tobacco Products Transportation Equipment Fabricated Metal Products Food

$38,650 $77,500 $47,900 $26,800 $44,500 $29,100

Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

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SLIDE 13
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SLIDE 14

Who We Are:

▶Helping Manufacturers Improve Operations:

  • Quality
  • Productivity
  • Competitiveness

▶We Offer:

  • Technical Assistance
  • Workforce Development Support
  • Training

▶Part of:

  • National Institute of Standards and Technology (NIST) MEP

National Network

  • UAA Business Enterprise Institute

Photo: Ramper Innovations

A service of the University of Alaska, Business Enterprise Institute

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SLIDE 15

▶Increase Profits ▶Deliver Product On Time ▶Recruit and Retain Skilled Workers ▶Grow Sales ▶Take your Business to the Next Level

A service of the University of Alaska, Business Enterprise Institute

We Help Manufacturers:

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SLIDE 16

A service of the University of Alaska, Business Enterprise Institute

We do this Through:

▶One-on-one consulting ▶Cohort model workshops ▶Certificated non-degree courses in manufacturing

and leadership

▶Sharing new technologies and best practices ▶Advocacy for manufacturing ▶Connecting with the nationwide network & partners

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SLIDE 17

Growing Alaska’s Manufacturing Sector:

▶KPB manufacturing = economic

diversity and resilience

▶Together we can grow local

manufacturing

▶Manufacturers of any size ▶Manufacturing issues big or small

A service of the University of Alaska, Business Enterprise Institute

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SLIDE 18

Thank you!

Alyssa Rodrigues avshanks01@alaska.edu 907-786-0412

A service of the University of Alaska, Business Enterprise Institute

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SLIDE 19

Most Manufacturers are Small

81% 19%

Percent of Businesses by Size

21+ jobs 1-20 jobs

Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

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SLIDE 20

Half of the Business are Urban But Only ¼ of the Jobs

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Percent of Manufacturing Businesses

Combined Rural Areas Fairbanks North Star Borough Mat-Su Borough Anchorage Municipality 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Percent of Manufacturing Jobs

Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

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SLIDE 21

Unemployment in Kenai Peninsula Borough and Alaska

5 10 15 20 25

Unemployment Rate

Alaska Kenai

Source: AK Dept of Labor and Workforce Development, Research and Analysis Section