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Economy of Anchorage


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="MsoNormal">While Juneau is the official state capital of Alaska, there are actually more state employees who reside in the Anchorage area. Approximately 6,800 state employees work in Anchorage compared to about 3,800 in Juneau. The State of Alaska purchased the Bank of America Center (which it renamed the Robert B. Atwood Building) to house most of its offices, after several decades of leasing space in the McKay Building (currently the McKinley Tower) and later the Frontier Building.

From Anchorage people can easily head south to popular fishing locations on the Kenai Peninsula or north to locations such as Denali National Park and Fairbanks.

The resource sector, mainly petroleum, is arguably Anchorage's most visible industry, with many high rises bearing the logos of large multinationals such as BP and Conoco Phillips. While field operations are centered on the Alaska North Slope and south of Anchorage around Cook Inlet, the majority of offices and administration are found in Anchorage. The headquarters building of Conoco Phillips Alaska, a subsidiary of Conoco Phillips, is located in downtown Anchorage. It is also the tallest building in Alaska. Many companies who provide oilfield support services are likewise headquartered outside of Anchorage but maintain a substantial presence in the city, most notably Arctic Slope Regional Corporation and CH2M HILL.

Four small airlines, Alaska Central Express, Era Aviation, Hagel and Aviation Services, and Pen Air, are headquartered in Anchorage. Alaska Airlines, at one point headquartered in Anchorage, has major offices and facilities at TSAIA, including the offices of the Alaska Airlines Foundation. Prior to their respective dissolution, airlines Mark Air, Reeve Aleutian Airways and Wien Air Alaska were also headquartered

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