REGIONAL OVERVIEW-SWOT
STRENGTHS
- Our People: with cultural revitalization of the Alaska Native Community paired with diverse population.
- The beauty of the Kodiak Region and natural environment are ideal for residents and attractive for tourist activity.
- Strategic ice-free port location: The Gateway to the Arctic for ideal placement of military and Coast Guard population, marine services, and transportation/shipping.
- Low cost electricity on the Kodiak Road System and in Port Lions.
- Quality healthcare services.
WEAKNESSES
- Cost & quality of housing; expensive & limited in inventory; limited rental options in villages and on Kodiak Road System.
- Aging infrastructure in the City of Kodiak and throughout the villages.
- Workforce shortage, declining population, and aging workforce.
OPPORTUNITIES
- Community and Economic Development with long term sustainability and resilience in mind.
- Enhancement of regional disaster implementation and response plans.
- Community Plan Updates to support greater economic development.
- Growing and stable military and Coast Guard population and increased retention of military incomes and investments. Potential location for ice-breaker placements.
- Infrastructure investments from Federal economic development program through the Inflation Reduction Act and Infrastructure Investment and Jobs Act.
- Develop “Shovel Ready” projects in advance of future funding opportunities.
THREATS
- Reduced State of Alaska budget:
- Cuts to the Alaska Marine Highway System (increasing freight and travel costs) and Kodiak Island Borough School District.
- Increased property taxes in the Kodiak Island Borough.
- Loss of population in village communities and outmigration in the Kodiak Island Borough.
- School sizes in the village communities are on a decline.
- Kodiak was not eligible or selected for Opportunity Zone.
- Natural or Human disaster.
- e.g. COVID-19 Pandemic