Our Economy
Relocation Information |
The City of Kenai Invites You to Make a Future With Us |
Kenai’s remarkable business climate offers many incentives for companies with an eye to developing the Alaskan frontier. With plentiful gas and electric power and a well-developed and expansive water and sewer system, the needed utilities are already available. Telephone utility systems exist ready to provide state-of-the-art communication. With a modern airport, public marine facility, and existing paved, all-season maintained roads, the transportation network is established.
The City of Kenai has a proven record of working to facilitate growth as shown by its successful bid for Home Depot, Lowes, Wal-Mart, Fire Training Station, Federal Aviation Administration Regional Flight Service Station and the Homer Electric Association’s Central Peninsula Area Service Center. With approximately 600 acres of raw land ready for development, the City continues to be successful in marketing the community for new economic ventures.
Kenai has the advantages of a diverse economy. It is a service center for a large oil and gas extraction and refinement industry. It also offered a well-developed commercial fishing center with numerous offloading and procession plant available.
A recreational stepping off point for the Peninsula at large, Kenai also offers a destination. A “bedroom community” for many North Slope workers, the city has many civic, recreational, and commercial opportunities. Kenai is a central retail market-place servicing the Nikiski population of about 4,300 as well as its own residents, and an additional 25,000 people from the immediate outlying areas.
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Photo by Eric Massey |
Kenai has a young, skilled, and mobile work force that seasonally expands to meet the needs of the fishing industry. New businesses can find motivated, educated, and employable workers to draw upon.
Not to be ignored is a good inventory of existing residential properties as well as commercial and retail space at very competitive prices. Commercial and light industrial land is available through the city as reasonable prices.
Kenai’s economy is based upon a diversity that lends itself well to a growing community. A hub for resource development, the city continues to encourage growth by offering land for development, keeping taxes low, and providing services for the community while maintaining a healthy financial structure.
Historically an area that experienced long delays in shipping and relied on local resources, Kenai now enjoys the conveniences of modern transportation. Fresh produce and consumer goods shipped daily from worldwide markets to Kenai area retailers.
In 2008, Kenai welcomed a new 78 room hotel which has increased the cities total room capacity to nearly 300. From accommodations and convention/meeting space, to places to eat and things to do, Kenai is prepared for any group. Whether it’s a wedding, convention, or retreat, Kenai is centrally located and has all the conveniences you need for a comfortable stay.
Convention Services
6 major hotels & motels
Nearly 300 Rooms
19 Restaurants
8 banquet/meeting facilities
Taxable Retail Sales $76,152,817 in 2003
Total Taxable Sales: $121,380,836 in 2003
