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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

State of the Sitka Economy, 2008

Prepared for:Sitka Economic Development Association

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

presentation contents
Presentation Contents
  • State of the Sitka Economy
  • Southeast Regional Economy
  • Visitor Industry Indicators
  • Seafood Industry Profile
  • Development Issues and Opportunities
sitka school enrollment school years 2002 2008
Sitka School EnrollmentSchool years 2002-2008

Source: Sitka School District (OASIS Report)

2006 average monthly wages
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

recent changes
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
sitka economic indicator overview
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.
southeast employment 2007
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)

southeast summary
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
alaska full year visitor volume may 2006 april 2007 by transportation market
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.

full year visitor volume may 2006 april 2007
Full Year Visitor VolumeMay 2006 – April 2007

Source: AVSP, McDowell Group, Inc.

deplaning passengers sitka airport 1997 2007
Deplaning Passengers, Sitka Airport*1997-2007

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

disembarking ferry passengers 1997 2007
Disembarking Ferry Passengers*1997-2007

Source: AMHS* includes residents and non-residents

visitor traffic summary
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%
se ex vessel prices per pound 2005 2007
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

sitka fishermen statistics 2006
Sitka Fishermen Statistics 2006
  • 736 permits fished
  • 455 fishermen
  • Landed 28.4 million pounds
  • Ex-vessel value of $37.6 million

Source: CFEC

sitka seafood in 2007
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
seafood summary
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
development issues
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
development opportunities
Development Opportunities
  • Seafood Industry
  • Marine Services
  • Tourism
  • Government (in all its forms)
  • Real Estate
slide43

State of the Sitka Economy, 2008

Prepared for:Sitka Economic Development Association

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