Alaska Aerospace Development Corp. (AADC) has released an economic impact study providing a detailed analysis of the effect its operations at the Kodiak Launch Complex had on the local economy of Kodiak Island in 2005 and the broader effects of its spending throughout the state.
The independent report, generated by Van Whye Rogers Group and Information Insights Inc., determined that in 2005, AADC’s economic impact on the Kodiak economy totaled $24 million and the corporation spent $27.3 million in support of its overall mission, resulting in a 35 percent increase compared with 2004. This spending created 271 direct, indirect and induced jobs in Alaska and displaced employment reductions from other industries.
The report summarized that AADC had a significant and positive impact on the Kodiak economy through the local purchase of goods and services and, without AADC, real earnings in Kodiak would have dropped by more than 9 percent in 2005.
In addition, AADC announced the awarding of a contract to the Kodiak-Kenai Cable Co. (KKCC) for fiber optic connectivity to the Kodiak Launch Complex (KLC) and to the other launch sites and support agencies within the National Missile Defense flight test program.
This contract provides the necessary additional funds to allow KKCC to proceed with the fiber optic cable project that will provide fiber optic connectivity to the Kodiak community plus the Kenai Peninsula.
With the successful completion of the project, this effort will provide connectivity to the largest U.S. Coast Guard base, several municipalities, and other Department of Defense, state and civic activities. The completion of this project will be a significant expansion of the Alaska telecommunication’s infrastructure, according to AADC.
AADC is a public corporation formed in 1991 by the state of Alaska. Its mission is to provide space-launch services, to foster new space-related industries in the state, and to stimulate interest in space careers and technology among the youth of Alaska.
