Anchorage

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Anchorage City is located in the state of Alaska's south central region. The city of Anchorage is the United States northernmost major city and was officially known as the Municipality of Anchorage. The number of people, based on 2010 census numbers, totals approximately 292,000. When combining Anchorage with its nearby community of Matanuska-Susitna Borough, there were approximately 374,550 inhabitants in this Metropolitan Statistical Area. Over 40 percent of the total population of Alaska lives within the city of Anchorage, making it the largest city within the state. Only New York City has a higher percentage of people who reside in the state's largest city amongst the 50 states in America.

In the 19th century, Russian presence was well established in south central Alaska. The US Secretary of State, William H. Seward brokered a deal in the year 1967 to buy Alaska from debt-ridden Imperial Russia for $7.2 million, that worked out to about 2 cents an acre. Political rivals lampooned the idea and nicknamed it "Seward's Folly", "Walrussia" and Seward's Icebox". Gold was discovered along the Turnagain Arm during 1888.

With the construction of a railroad port for the Alaska Engineering Commission, the city grew immensely in 1914. The Alaska Railroad as it was known continued to be built until it was finished during the year 1923. A tent city emerged at the region nearby the mouth of Ship Creek where the railroad headquarters were situated.

In Anchorage, the largest economic sectors include transportation, tourism, federal, state and municipal government, resource extraction, military, some corporate headquarters and several regional headquarters for multinational businesses. Anchorage's surrounding natural resources and geographic site account for a huge part of the local economy.

Traditionally, the city of Anchorage has enjoyed steady growth, however, not necessarily as fast as numerous cities within the lower 48 states. The city of Anchorage does not experience as much disaster during economic downturns, with the exception of a real estate related crash in the mid to late 1980s.

The 3rd busiest airport for cargo traffic in the world is the Ted Stevens Anchorage International Airport or likewise called TSAIA for short. This airport is only surpassed by only Memphis and Hong Kong. This abundance in traffic is linked to the location of the city along the "great circle," referring to routes between the lower 48 states and between Asia. Moreover, the airport has a big supply of jet fuel from the Alaskan refineries located in Kenai and the North Pole. There is pipeline and rail service to transport the jet fuel to the Port of Anchorage.

The most visible industry within the city of Anchorage is the resource sector, mainly petroleum. There are several high rise buildings within the city of Anchorage that bear the logos of huge multi-national corporations like ConocoPhillips and BP. Most offices and administration are located within Anchorage. Field operations are centered on the South Slope of Anchorage around the Cook Inlet and around the Alaska North Slope.

The tallest building within Alaska is the headquarters building of ConocoPhillips Alaska, a subsidiary of ConocoPhillips. It is situated in the downtown core of the city. Other businesses such as CH2M HILL and Arctic Slope Regional Corporation provide oilfield support services and likewise have head offices outside of Anchorage but maintain a substantial presence within Anchorage City.