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October 2026 City Scoop: Anchorage

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Andrew Fernandez

District Manager

PCL Construction Services Inc.

While Alaska continues to navigate population and labor constraints, high delivery costs and its exposure to resource revenues, public and private investment is creating opportunities in several markets, Fernandez says. Economic growth, infrastructure modernization, workforce capacity and the ability to support long-term investment remain top of mind as well.

Anchorage in particular is benefiting from a diverse base of activity. “Its role as the state’s economic and transportation center also means that projects elsewhere in Alaska often rely on Anchorage-based planning, professional services, workforce coordination and supply chains,” he continues.

Fernandez sees several trends shaping the Alaska market, from military and national defense investment because of the state’s strategic Arctic and Pacific location to transportation and logistics infrastructure.…

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