Governor Walker Signs Legislation to Boost Local Economic Development

Gov. Walker signs SB-9 in Fairbanks, April 28, 2017
Gov. Walker signs SB-9 in Fairbanks, April 28, 2017
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FAIRBANKS, Alaska (KTUU) - At the 49th annual Military Appreciation Banquet in Fairbanks Friday night, Governor Bill Walker signed SB-9, making it easier for the Department of Military and Veterans Affairs to designate "military facility zones" in Alaska.

Such zones enable communities to create tax incentives for business development related to military activities and stimulate local economic activity.

The bill was sponsored by Sen. John Coghill, a republican from Fairbanks while Rep. Steve Thompson carried it in the house.

In a press release Saturday, Governor Walker said, “This bill helps to build a stronger Alaska. Our administration is always looking for ways to remove barriers and streamline government, and this bill presents an opportunity to do just that. I thank Senator Coghill and Representative Thompson for bringing this legislation forward, and look forward to seeing the positive impact it will have on our communities.”

Until the bill was signed, the DMVA could only consider municipal or borough comprehensive plans, which could be a complex and time-consuming process. SB-9 allows the DMVA to consider applications for military facility zones if requests are consistent with local zoning ordinances, streamlining the process and increasing flexibility.



 
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