Mayor Suzanne LaFrance’s work to support business development in Anchorage is wheels up.
 

The administration recommended NorthLink’s application for Anchorage’s Economic Development Property Tax incentive, and on May 6 the Anchorage Assembly approved it.
 

This 10-year tax break will support the company’s work to construct a new air cargo facility at Ted Stevens Anchorage International Airport, establish operations, and secure their customer base. The tax incentive helps bridge the gap to make NorthLink’s project pencil – and helps secure the long-term economic benefits the new facility will bring to Anchorage.
 

“Along with cargo, this partnership brings new jobs and new opportunities to our community,” said Mayor Suzanne LaFrance. “It’s a win-win that builds on our strengths, shows a real commitment to Anchorage workers and families, and shows how local government can tangibly boost our economy.”
 

Anchorage is home to the fourth busiest cargo airport in the world because of our highly strategic location. The Ted Stevens airport is within a 9.5-hour flight of economic centers representing approximately 75% of global GDP, including East Asia, North America and Europe. NorthLink Aviation’s project to build a new e-commerce and express cargo terminal at the Ted Steven Anchorage International Airport South Campus puts that geographic advantage to work for our community’s benefit.
 

“NorthLink Aviation is very grateful to Mayor LaFrance and the entire Anchorage Assembly for their support,” said CEO Sean Dolan. “This approval is a critical step in the development of air cargo infrastructure for Ted Stevens Anchorage International Airport that will generate meaningful economic and sustainability benefits for Anchorage and the State of Alaska.”
 

NorthLink’s new cargo terminal will increase the airport’s capacity to offer efficient refueling and re-sorting for cargo operations. Its state-of-the-art facility will directly create nearly 300 year-round, high-paying jobs once operations commence, and the construction phase will bring hundreds more jobs to Anchorage.
 

Additionally, the company plans to offer subsidized childcare on site for all terminal workers – not just NorthLink employees.
 

To mitigate environmental impacts of deicing operations, the company will install systems to recycle and reuse deicing chemicals, preventing their discharge into nearby waterways.
 

The tax incentive gives NorthLink a property tax break on the facility’s buildings for a 10-year period, while the land remains taxable. Ultimately, this incentive helps ensure the construction of a new cargo facility in Anchorage that will add to the municipal tax base for years to come.
 

Construction is estimated to begin in 2025, and the project is expected to be completed in 2027.