Downtown Development

Anchorage: One of the Best Cities for Riding Out a Recession

While vacancies at office buildings nationwide have skyrocketed as a result of the troubled economy — exceeding 15 percent in the first three months of 2009 — the supply of office space has actually tightened somewhat in Anchorage. In fact, Business Week magazine recognized Anchorage as one of the best cities in the U.S. for riding out the recession. As BW explains:

Anchorage, Alaska’s largest city, has a strong economy that feeds off the state’s rich oil and natural gas supplies, U.S. military presence, and tourism.

Share of jobs in strong industries: 39.3%
Number of workers: 138,768
Metro area unemployment rate: 5.6%
Agriculture jobs: 3.21%
Professional, Scientific, and Technical jobs (legal, accounting etc.): 6.79%
Education jobs: 8.26%
Health-care jobs: 11.36%
Public Administration (Government) jobs: 9.71%
Anchorage Downtown Partnership, Ltd. on LinkedIn

WHAT IS ADP?

Anchorage Downtown Partnership, Ltd. is a 501 (c) 6 non-profit entity charged with management of the Downtown Improvement District (DID). ADP provides clean and safe services throughout the DID, provides marketing and event promotion throughout the DID, and serves as an advocate for the business and property owners within the DID on issues affecting downtown.

ADP MISSION

To increase cleanliness, occupancy rates, investment values and lease income, to decrease crime, and to generally stimulate economic development and improve the quality of life in downtown Anchorage.

ADP VISION

By 2020, the Downtown “neighborhood” is an all season experience and a model city encouraging commercial, professional and residential development.

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