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

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% 0% Kenai Peninsula Alaska Employment by sector, 2018 Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

Statewide Jobs Forecast Second Year of Growth Percent job growth 2.5% 1.8%1.7% 1.7% 1.5% 1.5% 1.3% 1.3% 1.0% 0.4%0.5%0.5% 0.5% 0.5% 0.3% -0.4% -0.3% -0.5% -1.3% -1.5% -2.0% -2.5% Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

Kenai: From Growth to Decline and Back Again 1.9% 1.8% 1.7% 1.7% 1.5% Percent job growth 1.5% 1.5% 1.3% 1.3% 1.0% 0.8% 0.4%0.5%0.5% 0.5% 0.0% -0.4% -1.3% -2.0% Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

Statistically Important Brain Break

Small Changes in Most Industries Professional & Technical $47,700 83 Retail Trade 42 $30,200 Leisure & Hospitality 24 $22,200 State Gov $56,800 17 Oil & Gas - $111,600 Total $48,800 - Construction $57,400 (8) Federal Gov (11) $83,000 Health care (38) $46,000 Local Gov $53,700 (53) Manufacturing $72,600 (56) Employment growth and wages by select industry, 2018 vs 2017 Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

Changes in Unemployment Claims by Industry Oil & Gas Construction Food Man. Other Man. Trade Transportation 2018 Real Estate 2019 Professional & Bus Education Health Acc Food Service Other 0 50 100 150 200 250 300 Claimants Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

Population Growth Stronger in KPB Percent change in population, 2010-2018 2.0% 1.7% 1.2% 0.9% 0.7% 0.6% 0.6% 0.5% 0.5% 0.4% 0.2% 0.1% 0.1% 0.0% 2011 2012 2013 2014 2015 2016 2017 2018 -0.2% -0.2% Alaska KPB Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

Trends in Statewide Manufacturing 14,000 12,000 10,000 Seafood Processing 8,000 6,000 4,000 Other Manufacturing 2,000 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

Who are Alaska’s Manufacturers Photo: General Mechanical Inc. Photo: Taco Loco Photo: 49 th State Brewing Photo: Alpine Fit Photo: Wild Scoops Photo: Trident Seafoods

Manufacturing in the Kenai Peninsula Borough Employment and wages in non-confidential manufacturing industries $38,650 Food 344 $77,500 Fabricated Metal Products 71 Transportation Equipment 50 $47,900 Beverage and Tobacco Products 38 $26,800 Miscellaneous 11 $44,500 $29,100 9 Printing and Support Activities Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

Who We Are: A service of the University of Alaska, Business Enterprise Institute ▶ 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 We Help Manufacturers: ▶ 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 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

A service of the University of Alaska, Business Enterprise Institute 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 Thank you! Alyssa Rodrigues avshanks01@alaska.edu 907-786-0412

Most Manufacturers are Small Percent of Businesses by Size 19% 21+ jobs 1-20 jobs 81% Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

Half of the Business are Urban But Only ¼ of the Jobs Percent of Manufacturing Jobs Percent of Manufacturing Businesses 100% 100% 90% 90% 80% 80% 70% 70% Combined Rural Areas 60% 60% 50% 50% Fairbanks North Star Borough 40% 40% Mat-Su Borough 30% 30% 20% 20% Anchorage Municipality 10% 10% 0% 0% Source: AK Dept of Labor and Workforce Development, Research and Analysis Section

Unemployment in Kenai Peninsula Borough and Alaska 25 20 Alaska Kenai Unemployment Rate 15 10 5 0 Source: AK Dept of Labor and Workforce Development, Research and Analysis Section