Alaska is the largest state in the US. It is more than twice as big as Texas, four times larger than California, and one-fifth as big as the entire continental US. It was the 49th state to join the US, joining a mere seven months before Hawaii in 1959, although it had been US-owned since its purchase from the Russians in 1867 for seven million dollars. Alaska’s economy is driven primarily by the oil industry due to its extensive oil and natural gas reserves. The state is a great choice for aspiring small businesses because of its fiscal stability and relative isolation from the lower 48’s financial crisis.
Alaska is a fantastic region for small businesses due to its separation from the US market. Alaska’s economy is based on its oil trade, which is run by a global economy. This makes Alaska a great place to start a business and expand during an American recession. With a state motto of "North to the Future," Alaska could be a relatively untapped center of innovation and business prospects.
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