Issue Position: Economy

Issue Position

Strong diversified Alaska economy that will create sustainable, productive jobs in the private sector.

Since Gold Rush days, Alaska has experienced multiple cycles of economic boom and bust. Currently we are very dependent on the oil industry for 90% or more of our State's revenue, and I expect that relationship to continue.

As those of us who were here before the pipeline can attest, oil development has dramatically improved the lifestyle of Alaskans. The petroleum development has increased our population, provided good jobs, and the taxes have paid for improved roads, public safety and education.

Currently our State addresses economic planning just one year at a time. That horizon is too short to adequately address long-term constitutional mandates such as education and healthcare obligations. For budgeting and resource development we need to extend our planning vision. The Legislature also needs to take a hard look at what services are within the State's role and what are best provided by the private sector.

Economic stability and sustainability can be fostered with a more diverse economy, as well as ongoing development of our natural resources. The best way to promote value-added manufacturing is to encourage entrepreneurs. We have several organizations educating and mentoring entrepreneurs. It is equally important that state government doesn't present barriers to new businesses. I favor approaches that encourages innovation and fosters business diversity, the sparkplugs of a sustainable economic engine.

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