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Economy

Stories about the local, state, or national economy.

A fleet of Cessna 207 airplanes owned by RavnAir sit grounded on the tarmac after the airline announced they were cutting 90 percent of their service on April 2, 2020.
Katie Basile / KYUK

When RavnAir suddenly discontinued service to rural communities across the state, it left workers without jobs and villages without passenger or mail service. Already, other regional airlines are stepping in to close the gaps Ravn left behind. Three airlines are expanding their routes in the Yukon-Kuskokwim Delta, and some are even hiring.

Calista Releases Its Earliest Spring Distribution Ever

Apr 3, 2020
Thom Leonard

Calista Corporation shareholders should be getting their spring dividend distribution on April 6 if they have signed up for direct deposit.

Katie Basile / KYUK

RavnAir has suspended all flights between villages in the Yukon-Kuskokwim Delta, and to many rural communities across the state.

Courtesy of Association of Village Council Presidents

Tribes now have access to more federal funds thanks to the Coronavirus Aid, Relief, and Economic Security Act, better known as the CARES Act, which was signed into law on March 27.

The Alaska Airlines terminal in Bethel, Alaska.
Katie Basile / KYUK

In the past week, Alaska Airlines has slashed a majority of its flights between Bethel and Anchorage to prevent flying mostly empty planes as more people hunker down at home during the coronavirus pandemic.

Swanson's employees stock shelves in Bethel on March 23, 2020.
Katie Basile / KYUK

Grocery stores in Bethel are expecting another large run on goods this week, and have substantially increased the size of their shipments into Bethel to prepare. 

Courtesy of BCSF

The coronavirus is squeezing the local economy as businesses shutter and people lose their jobs, and Bethel Community Services Foundation wants to provide some relief. The organization has set up a fund to help nonprofits and community service providers who are helping people facing eviction, homelessness, food insecurity, and struggling to pay utility bills. It’s called the COVID-19 Response Fund.

Alex Kim, owner of Chopstix Sushi Restaurant, says he may have to return to Korea if business doesn't pick-up. Bethel restaurants are in peril following mandates that restrict business to delivery and pick-up orders amidst the COVID-19 outbreak. March 31,
Katie Basile / KYUK

Restaurants all over the nation are being ordered to close their doors to avoid spreading the coronavirus, and it's no different in Bethel.

Screengrab from pfd.alaska.gov

Alaskans will have more time to apply for a Permanent Fund dividend this year.

Calista Spring Dividends Arriving

Mar 24, 2020
Calista Corporation

Calista may have closed its offices, but that’s not stopping the regional Native corporation from distributing spring dividends to its shareholders.

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