
Econ 919 — How the Kenai Peninsula Works
Fridays
Weekly economic report for the Kenai Peninsula from the KDLL News Team
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A new forecast from the Alaska Department of Revenue projects a $200 million deficit for the current fiscal year. That’s on top of a $1.6 billion deficit for next fiscal year under Gov. Mike Dunleavy’s proposed budget.
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More than 100 people participated in this year’s Project Homeless Connect event.
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The fabric retailer announced last month that it will be closing all stores nationwide. The closure comes as a hit to crafters in Soldotna, who say the store is one of their only local options for crafting supplies.
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The newly-opened mercantile sells a variety of products from small businesses around the country. It'll also soon be home to a new coffee shop and cafe.
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The Alaska State House passed a bill this week that ups the amount of money developers have to work with. Stakeholders say the project will revitalize aging infrastructure and expand regional economic opportunities.
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The City of Soldotna's Storefront Improvement Program offers up to $7,500 to cover 50% of building facade improvements. More than 20 local businesses over the last decade have received funding through the program.
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The district is currently short $17 million if it wants to operate next fiscal year with the same amount of employees, programs and facilities as it does right now.
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After months of construction and planning, Soldotna's newest bakery is open. The Farmhouse Bakery and Deli began as a small stand that now specializes in breads, cookies, deli sandwiches and more.
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The Soldotna Chamber of Commerce will host its second annual community scholarship fair this Saturday. The fair brings local scholarship providers together under one roof.