{"id":9244,"date":"2017-08-10T12:45:32","date_gmt":"2017-08-10T20:45:32","guid":{"rendered":"https:\/\/aedcweb.com\/?page_id=9244"},"modified":"2023-03-28T12:22:45","modified_gmt":"2023-03-28T20:22:45","slug":"relocating-anchorage","status":"publish","type":"page","link":"https:\/\/aedcweb.com\/relocating-anchorage\/","title":{"rendered":"Relocating to Anchorage"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Internal Page Title Header&#8221; module_class=&#8221;internal-page-title-section&#8221; _builder_version=&#8221;4.19.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;rgba(215,220,223,0.2)&#8221; custom_margin=&#8221;0px||3%||false|false&#8221; custom_padding=&#8221;20px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;1&#8243; _builder_version=&#8221;4.19.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; max_width=&#8221;100%&#8221; module_alignment=&#8221;center&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.19.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Nav Breadcrumbs&#8221; module_class=&#8221;page-title-breadcrumbs&#8221; _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#007194&#8243; text_font_size=&#8221;16px&#8221; link_font=&#8221;|||||||#9BA2A9|&#8221; link_text_color=&#8221;#007194&#8243; link_font_size=&#8221;16px&#8221; positioning=&#8221;relative&#8221; position_origin_r=&#8221;bottom_left&#8221; custom_margin=&#8221;|||2vw|false|false&#8221; global_module=&#8221;56431&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<span><span><a href=\"https:\/\/aedcweb.com\/\">Home<\/a><\/span><\/span>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;H1 Page Title&#8221; module_id=&#8221;page-header-title&#8221; _builder_version=&#8221;4.19.4&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;|300|||||||&#8221; header_font_size=&#8221;45px&#8221; header_line_height=&#8221;1.2em&#8221; background_color=&#8221;#00718F&#8221; z_index=&#8221;10&#8243; background_layout=&#8221;dark&#8221; min_height=&#8221;200px&#8221; height=&#8221;200px&#8221; max_height=&#8221;200px&#8221; overflow-x=&#8221;visible&#8221; overflow-y=&#8221;visible&#8221; custom_margin=&#8221;1vw||-6vw|2vw|false|false&#8221; custom_padding=&#8221;3%|3%|3%|3%|false|false&#8221; header_font_size_tablet=&#8221;45px&#8221; header_font_size_phone=&#8221;30px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; header_text_color__hover_enabled=&#8221;off|hover&#8221;]<\/p>\n<h1><strong>Relocating to Anchorage<br \/><\/strong><\/h1>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;4.19.4&#8243; transparent_background=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; column_padding_mobile=&#8221;on&#8221; _builder_version=&#8221;4.19.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; custom_padding=&#8221;|0px||0px|false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.19.4&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Incentives&#8221; _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h3><strong>Incentives<\/strong><\/h3>\n<ul>\n<li><strong>Mining\/Exploration Credits<\/strong> \u2013 The Alaska Exploration Incentives Act allows a deduction of up to $20 million of qualified costs including personnel, transportation, fuel, camp, communications, geochemical, geophysical and contractual expenses for new mines. The enabling legislation allows for 100% credit for eligible exploration costs against future mining license taxes, corporate taxes and royalties on production. Credits are limited to no more than 50% of the taxes or royalties due to the state in any given year and must be claimed within 15 years of beginning production.<\/li>\n<\/ul>\n<ul>\n<li><strong>Petroleum-<\/strong> In 2012, Alaska Senate Bill 23 established tax credits for <a href=\"http:\/\/alaska-native-news.com\/general-news\/5686-governor-parnell-signs-tax-incentive-bill-while-in-fairbanks-today.html\" target=\"_blank\" rel=\"noopener noreferrer\">oil and gas exploration in promising areas of Alaska\u2019s Interior and Northwest Arctic regions<\/a>. Additionally, the bill adds tax credits and incentives to encourage increased construction of Liquid Natural Gas (LNG) storage facilities, both for in-state consumption and export purposes.<\/li>\n<\/ul>\n<ul>\n<li><strong>Economic Development Incentive <\/strong>\u2013 Otherwise known as the New Business Incentive Program, this is an economic development grant program targeted at companies locating or expanding into new manufacturing or value-added businesses in Alaska. The program is focused on attracting substantial businesses that will create high-value, year-round jobs. \u201cNew Businesses\u201d refers to industries and operations that are new to Alaska, as opposed to startups.<\/li>\n<\/ul>\n<ul>\n<li><strong>Corporate Tax Exemption for High Growth Industries-<\/strong> As part of Alaska Senate Bill 23, the<a href=\"http:\/\/www.tax.alaska.gov\/programs\/documentviewer\/viewer.aspx?664\" target=\"_blank\" rel=\"noopener noreferrer\"> small business tax exemption<\/a> relieves certain startups from Alaska\u2019s corporate income tax. The tax exemption applies to small businesses registered as C-Corporations. Most new businesses in Alaska register as LLCs, Partnerships, Sub-S Corporations or Sole Proprietorships; entities largely exempt from corporate income tax. The small corporation tax exemption targets high-growth businesses that need to remain C-Corporations to attract a large amount of shareholder investment.\u00a0In 2013, 129 Alaska small businesses received this exemption.<\/li>\n<\/ul>\n<ul>\n<li><strong>Qualified Inventory<\/strong> \u2013 Qualified inventory shall be exempt from taxation. Deteriorated property shall be partially or totally exempt from taxation for up to 10 years. An exemption may be transferred in whole to another entity or owner after substantial completion or beneficial occupancy.<\/li>\n<\/ul>\n<ul>\n<li><strong>Property Tax Abatement <\/strong>\u2013 Anchorage Municipal code provides for tax exemptions pertaining to property and inventory for economic development. New or expanding businesses meeting certain criteria may be granted property tax abatement. Under Anchorage municipal code 12.35, properties in revitalization areas may qualify for property tax relief. In July 2014, the Fairview\/East Downtown Revitalization Area was established. Properties in this district may receive tax abatement for qualifying expenses related to property redevelopment.<\/li>\n<\/ul>\n<ul>\n<li><strong>Work Opportunity Credit<\/strong> \u2013 this is a federal tax credit program that encourages employers to hire new employees from targeted groups. An employer can claim 40\u00a0percent\u00a0of up to $6,000 of an employee\u2019s first years wages for a maximum credit of $2,400. <a href=\"http:\/\/www.irs.gov\/Businesses\/Small-Businesses-&amp;-Self-Employed\/Tax-Benefits-for-Businesses-Who-Have-Employees-with-Disabilities\" target=\"_blank\" rel=\"noopener noreferrer\">More information<\/a>.<\/li>\n<\/ul>\n<ul>\n<li><strong>Education Credit\u00a0<\/strong>&#8211; If a corporation pays one of the eligible state taxes, there is a non-transferable credit available for contributions to vocational education programs, accredited Alaska universities or colleges for educational purposes or facilities, Alaska Native educational programs and facilities that qualify under the Coastal American Partnership. The education credit consists of 50% of the first $100,000, 100% of the next $200,000, and 50% of contributions beyond $300,000. The credit cannot exceed $5,000,000 annually across all eligible tax types, and is effective until December 31, 2020, at which point the maximum credit for any taxpayer is $150,000 per year.<\/li>\n<\/ul>\n<ul>\n<li><strong>Fire Protection Exemption<\/strong>\u00a0&#8211;\u00a0Up to 2% of building value may be exempt if the structure contains an approved fire protection (extinguishing) system.\u00a0 Application deadline; March 15 of the applicable year, <a href=\"http:\/\/www.muni.org\/Departments\/finance\/property_appraisal\/Exemption\/Pages\/default.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">more information<\/a>.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/aedcweb.com\/wp-content\/uploads\/2021\/03\/AEDC-Cuddy-Family-Park-Midtown-8366.jpg&#8221; title_text=&#8221;Cuddy Family Park&#8221; _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text admin_label=&#8221;Logistics&#8221; _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h3><strong>Logistics<\/strong><\/h3>\n<p>Anchorage is strategically located just 9.5 hours from 90 percent of the industrialized world. Alaska\u2019s strategic location in the Arctic Circle enables carriers to significantly increase cargo volume and revenue on flights from Asia to the United States by refueling in Anchorage. Add that logistical advantage to the unique federal cargo transfer exemptions that Alaska enjoys and you have a powerful tool for international trade. These factors are the reason the Ted Stevens Anchorage International Airport is second in the Western Hemisphere for landed weight of cargo aircraft and sixth in the world for cargo throughput with 500 wide body landings per week. For more information on the\u00a0Ted Stevens Anchorage International Airport, <a href=\"https:\/\/aedcweb.com\/tsaia\/\" target=\"_blank\" rel=\"noopener noreferrer\">CLICK HERE<\/a>.<\/p>\n<p>While the airport is the crown jewel of Anchorage\u2019s logistics network, the Anchorage Port and the Alaska Railroad are also important features in connecting Anchorage businesses to markets outside of the state. Ninety percent of the consumer goods in Alaska come through the Anchorage Port which moves over 4 million tons of material each year generating over $750 million in revenue. Anchorage is serviced twice weekly by two major marine carriers originating from the Port of Tacoma, Washington: Totem Ocean Trailer Express (TOTE) and Horizon Lines. The Port is currently undergoing a multi-million dollar upgrade and expansion that will allow them to provide an expanded level of service to Alaska to keep up with the changing trends and population densities. For more information on the Port of Anchorage, <a href=\"http:\/\/portofalaska.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">CLICK HERE<\/a>.<\/p>\n<p>The Alaska Railroad is an independent corporation owned by the State of Alaska. It is mandated to be self-sustaining and responsible for all legal and financial obligations. While the railroad doesn\u2019t currently connect to the Lower 48 directly, it feeds into the Port of Whittier, the Port of Anchorage and the Airport serving as an important conduit for fuel, resources and cargo. The Alaska railroad carries an average of 6.33 million tons of cargo each year on its 1,381 freight cars in addition to the 400,000+ passengers it carries. For more information on the Alaska Railroad, <a href=\"http:\/\/alaskarailroad.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">CLICK HERE<\/a>.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Relocating to Anchorage text&#8221; _builder_version=&#8221;4.20.2&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; z_index_tablet=&#8221;500&#8243; text_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; text_text_shadow_vertical_length_tablet=&#8221;0px&#8221; text_text_shadow_blur_strength_tablet=&#8221;1px&#8221; link_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; link_text_shadow_vertical_length_tablet=&#8221;0px&#8221; link_text_shadow_blur_strength_tablet=&#8221;1px&#8221; ul_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; ul_text_shadow_vertical_length_tablet=&#8221;0px&#8221; ul_text_shadow_blur_strength_tablet=&#8221;1px&#8221; ol_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; ol_text_shadow_vertical_length_tablet=&#8221;0px&#8221; ol_text_shadow_blur_strength_tablet=&#8221;1px&#8221; quote_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; quote_text_shadow_vertical_length_tablet=&#8221;0px&#8221; quote_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_2_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_2_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_2_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_3_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_3_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_3_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_4_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_4_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_4_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_5_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_5_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_5_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_6_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_6_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_6_text_shadow_blur_strength_tablet=&#8221;1px&#8221; box_shadow_horizontal_tablet=&#8221;0px&#8221; box_shadow_vertical_tablet=&#8221;0px&#8221; box_shadow_blur_tablet=&#8221;40px&#8221; box_shadow_spread_tablet=&#8221;0px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3 style=\"text-align: center;\">For\u00a0Individuals<\/h3>\n<p style=\"text-align: center;\">The city of Anchorage is a fantastic place to live, work, and play! Whether you are looking for new business opportunities, to broaden your employment horizons, or to improve your quality of life, Anchorage has it all. Anchorage&#8217;s population, employment, and personal income indicators remain stable. Our city has a robust and diverse private sector.<\/p>\n<p>[\/et_pb_text][et_pb_video src=&#8221;https:\/\/youtu.be\/VwVxpe3AtG4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<br \/>\n[\/et_pb_video][et_pb_text admin_label=&#8221;Relocating to Anchorage text&#8221; _builder_version=&#8221;4.20.2&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; z_index_tablet=&#8221;500&#8243; text_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; text_text_shadow_vertical_length_tablet=&#8221;0px&#8221; text_text_shadow_blur_strength_tablet=&#8221;1px&#8221; link_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; link_text_shadow_vertical_length_tablet=&#8221;0px&#8221; link_text_shadow_blur_strength_tablet=&#8221;1px&#8221; ul_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; ul_text_shadow_vertical_length_tablet=&#8221;0px&#8221; ul_text_shadow_blur_strength_tablet=&#8221;1px&#8221; ol_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; ol_text_shadow_vertical_length_tablet=&#8221;0px&#8221; ol_text_shadow_blur_strength_tablet=&#8221;1px&#8221; quote_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; quote_text_shadow_vertical_length_tablet=&#8221;0px&#8221; quote_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_2_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_2_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_2_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_3_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_3_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_3_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_4_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_4_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_4_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_5_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_5_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_5_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_6_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_6_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_6_text_shadow_blur_strength_tablet=&#8221;1px&#8221; box_shadow_horizontal_tablet=&#8221;0px&#8221; box_shadow_vertical_tablet=&#8221;0px&#8221; box_shadow_blur_tablet=&#8221;40px&#8221; box_shadow_spread_tablet=&#8221;0px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3 style=\"text-align: center;\">For Businesses<\/h3>\n<p style=\"text-align: center;\">Anchorage, Alaska provides numerous benefits to businesses. Businesses from a variety of industries will find the economic climate here to be just right for their bottom line, thanks to our prime global location, stable economy, and low taxation.\u00a0 Our labor market remains strong, our housing market is expanding, and our workforce is motivated, educated, and ready to provide the labor you require to succeed here in the Great Land.<\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Alaska Channel video&#8221; _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; text_orientation=&#8221;center&#8221; module_alignment=&#8221;center&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/hSTp66bYa9E?enablejsapi=1&#038;rel=0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Minimal Business Licensing\/Permits&#8221; _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h3><strong>Minimal Business Licensing\/Permits<\/strong><\/h3>\n<p>Anyone engaging in business activity in Alaska must have a state business license for that activity. If that activity involves the sale of tobacco, a tobacco endorsement is necessary as well. Business licenses are currentfor two years and cost $50.<\/p>\n<p>In addition to the state business license, professional or occupational licenses are necessary for some activities including health care, law and construction among others. The Municipality of Anchorage also requires certain businesses to apply for licenses through the Municipal Clerk\u2019s office in addition to the State licenses. You can find a list of these businesses\u00a0<a href=\"http:\/\/www.muni.org\/Departments\/Assembly\/Clerk\/Licensing\/Pages\/Default.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">HERE<\/a>.<\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Low Taxation&#8221; _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h3><strong>Low Taxation<\/strong><\/h3>\n<p>The State of Alaska does not have a sales, inventory, gross receipts or personal income tax. The state does collect a Corporate Income Tax, which is graduated from 0 percent of taxable\u00a0income for income below $25,000 up to 9.4 percent of net income for income above $222,000. This tax only applies to the net taxable income allocated and apportioned to the state. For more information on Alaska\u2019s corporate income tax, <a href=\"http:\/\/tax.alaska.gov\/programs\/programs\/index.aspx?60380\" target=\"_blank\" rel=\"noopener noreferrer\">CLICK HERE<\/a>.<\/p>\n<p>The Municipality of Anchorage collects property and inventory taxes. The property taxes are based on real personal property and are levied on full assessed value at mil rates ranging from 9-18 mils. The inventory tax is based on 100 percent of inventory value and the mill rate is the same as the real estate rate. Inventory held for shipment outside of Alaska may be exempt from this tax. For more information on the Municipality of Anchorage\u2019s taxes, <a href=\"http:\/\/www.muni.org\/Pages\/PropertyInformation.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">CLICK HERE<\/a>.<\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Unique Regulatory Advantages&#8221; _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h3><strong>Unique Regulatory Advantages<\/strong><\/h3>\n<p>Foreign Trade Zones &#8211;\u00a0There are five foreign trade zones in Alaska, including one at the Anchorage Port. These secured areas at official ports of entry are considered outside the United States for Customs purposes to reduce red tape and overhead for importers and exporters expediting foreign commerce. At the present time, Anchorage\u2019s FTZ is comprised of seven sites totaling some 1,000 acres located at the Port of Anchorage, Anchorage International Airport and at five private sites throughout the Municipality. For more information on Anchorage\u2019s FTZ, <a href=\"http:\/\/portofalaska.com\/operations\/facilities\" target=\"_blank\" rel=\"noopener noreferrer\">CLICK HERE<\/a>.<\/p>\n<p>Stevens Amendment to US Cabotage Laws \u2013 In 2003, Senator Ted Stevens offered an amendment to the Aviation Investment and Revitalization Act to provide an exception to the limitation on cargo transfer between foreign carriers in the United States. This allows foreign carriers to transport cargo to the Anchorage airport and consolidate or distribute that cargo to other foreign flagged planes for transport to the rest of the U.S. This is a powerful tool for businesses involved in international shipping or manufacturing. For more information on the Stevens amendment to the US Cabotage restrictions, <a href=\"https:\/\/aedcweb.com\/tsaia\/air-service\/cargo\/\" target=\"_blank\" rel=\"noopener noreferrer\">CLICK HERE<\/a>.<\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/aedcweb.com\/wp-content\/uploads\/2018\/01\/041_029.jpg&#8221; title_text=&#8221;041_029&#8243; _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span><span><a href=\"https:\/\/aedcweb.com\/\">Home<\/a><\/span><\/span> Relocating to AnchorageIncentives Mining\/Exploration Credits \u2013 The Alaska Exploration Incentives Act allows a deduction of up to $20 million of qualified costs including personnel, transportation, fuel, camp, communications, geochemical, geophysical and contractual expenses for new mines. The enabling legislation allows for 100% credit for eligible exploration costs against future mining license taxes, corporate taxes [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-9244","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Relocating to Anchorage &#8211; AEDC<\/title>\n<meta name=\"description\" content=\"Looking for business opportunities, to expand your employment horizon or enjoy a better quality of life? 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