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State of the Sitka Economy, 2008. Prepared for: Sitka Economic Development Association Prepared by: McDowell Group, Inc. March 25, 2008. Presentation Contents. State of the Sitka Economy Southeast Regional Economy Visitor Industry Indicators Seafood Industry Profile

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State of the sitka economy 2008 l.jpg

State of the Sitka Economy, 2008

Prepared for:Sitka Economic Development Association

Prepared by:McDowell Group, Inc.March 25, 2008


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Presentation Contents

  • State of the Sitka Economy

  • Southeast Regional Economy

  • Visitor Industry Indicators

  • Seafood Industry Profile

  • Development Issues and Opportunities



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Sitka’s Balanced EconomyEmployment by Sector, 2006

Source: ADOLWD


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Sitka Population1997-2007

Source: ADOLWD


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Sitka Employment1997-2006

Source: ADOLWD


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Sitka Payroll1997-2006 ($ Millions)

Source: ADOLWD


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Sitka Gross Business Sales1997-2007 ($ Millions)

Source: City of Sitka


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Sitka Construction ActivityNumber of New Dwelling Units 1997-2007

Source: City of Sitka


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Number of Lots Absorbed2000-2007

Source: City of Sitka


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Sitka School EnrollmentSchool years 2002-2008

Source: Sitka School District (OASIS Report)


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2006 Average Monthly Wages

AlaskaSitka

  • Government $3,679 $3,335

  • Construction $4,864 $3,990

  • Service-Providing $2,937 $2,483

  • Financial $3,742 $3,146

  • Professional & Business $3,864 $2,109

  • Education & Health $3,087 $3,428

  • Leisure & Hospitality $1,508 $1,310

Source: AKDOLWD


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Recent Changes

  • Sheldon Jackson College closed

    • Loss of 109 jobs

  • SEARHC cutbacks

    • Loss of 40 jobs in Sitka, 60 region-wide

  • U.S Forest Service cutbacks

    • Loss of 5 jobs by 2010

    • Last year 6 employees resigned and will not be replaced

  • Opening of Silver Bay Seafoods

    • 170 seasonal jobs created

    • 10 full-time, year-round staff

  • Sitka Community Hospital purchased Moore Clinic

  • Increases in ferry port calls for 2008


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Sitka Economic IndicatorOverview

  • Diverse economy (5 sectors with 10% or more of Sitka’s total employment)

  • Population declined 4% (349 residents) from 2006 to 2007

  • Employment declined by 9 jobs from 2005 to 2006

    • A greater decline is expected to be reflected in the 2007 figures

  • Payroll up $3 million

  • Gross business sales continued to grow in 2007

  • Construction activity is down

  • School enrollment declined 5% (74 students)

  • Employment opportunities in Sitka have declined recently.

    • Good paying jobs in education, federal government, and healthcare have been lost.



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Regional Population Trends2006-2007

Source: ADOLWD


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Southeast Alaska Population Trends2005-2007

Source: ADOLWD


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Southeast Employment 2007

  • Employment increased by 50 jobs

  • Changes in:

    • Leisure and Hospitality +200 jobs

    • Service Providing +150 jobs

    • Retail Trade +50 jobs

    • Local Government +50 jobs

    • Seafood Processing -50 jobs

    • Education and Health services -50 jobs

    • Goods Producing -100 jobs

    • State Government -100 jobs

Source: ADOLWD –Current Employment Statistics Program (CES)


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Southeast Summary

  • Regional population down 1.5% (1,077 residents)

  • Employment up by 50 jobs

    • Highest growth in the leisure & hospitality and service providing sectors

    • Largest decline in the goods producing and state government sectors



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Alaska Full-Year Visitor Volume, May 2006-April 2007By Transportation Market

Total Visitors: 1,881,000

Source: Alaska Visitor Statistics Program (AVSP), McDowell Group, Inc.


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Full Year Visitor VolumeMay 2006 – April 2007

Source: AVSP, McDowell Group, Inc.




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Deplaning Passengers, Sitka Airport*1997-2007

Source: Bureau of Transportation Statistics* includes residents and non-residents


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Disembarking Ferry Passengers*1997-2007

Source: AMHS* includes residents and non-residents



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Sitka Hotel Bed Tax Receipts1997-2007

Source: City of Sitka


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Visitor Traffic Summary

  • Alaska visitor volume 1,881,000

    • 51% visit by cruise ship

    • 44% visit by air

    • 5% visit by highway/ferry

  • Southeast cruise passenger volume continued to grow

    • Over 1 million visitors in 2007

  • Sitka visitor volume declined

    • Cruise visitors down 12.4%

    • Deplaning air passengers down 1.4%

    • Disembarking ferry passengers up 8.4%



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Major SE Fisheries2007 Ex-vessel Value


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SE Regional Ex-Vessel Values2002-2006

Source: COAR


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Southeast Land-based Seafood (Production, 2006)

Source: COAR


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Sitka Land-based Processor (Production, 2006)

Source: COAR


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SE Ex-Vessel Prices Per Pound2005-2007

20052006 2007

King $2.53 $3.37 $3.06

Sockeye $1.05 $1.09 $0.89

Coho $0.95 $1.41 $1.09

Pink $0.12 $0.12 $0.19

Chum $0.30 $0.35 $0.35

Halibut $3.11 $3.80 $4.41

Sablefish $2.30 $2.55 $2.75

Source: ADF&G/NOAA


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Sitka Fishermen Statistics 2006

  • 736 permits fished

  • 455 fishermen

  • Landed 28.4 million pounds

  • Ex-vessel value of $37.6 million

Source: CFEC


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Sitka Fishermen Ex-Vessel Earnings 2002-2006

Source: CFEC


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Sitka Seafood in 2007

  • Sitka ranks as the 6th largest port in the U.S. based on value and 19th based on volume

  • Chum salmon harvest volume down

  • Pink salmon harvest volume up

  • Herring harvest volume up in 2007, and a record quota has been set for the 2008 harvest

  • King salmon harvests down in 2007

  • Coho harvests down in 2007

  • Processing capacity in Sitka has increased


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Seafood Summary

  • Salmon accounted for 52% of the SE total ex-vessel value

  • Halibut and sablefish accounted for 34% of the region’s total ex-vessel value

  • Salmon ex-vessel prices down for all species except pink salmon

  • Halibut and sablefish ex-vessel price increase continued



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Development Issues

  • Major community development issues are:

    • Control: What do we have control over in regard to development?

    • Choice: What do we choose to support or discourage?

    • Current Sitka Players: Most economic development is done by those already here

  • Assessment:

    • Ask the experts to identify opportunities and barriers

      • Surveys and focused discussion groups


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Development Opportunities

  • Seafood Industry

  • Marine Services

  • Tourism

  • Government (in all its forms)

  • Real Estate


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State of the Sitka Economy, 2008

Prepared for:Sitka Economic Development Association

Prepared by:McDowell Group, Inc.March 25, 2008


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