Alaska is a great business location. It’s ranked among the most tax-friendly states in the nation by The Tax Foundation, owing to a lack of state income tax on personal income as well as no state-wide sales tax. Alaska also stands out for its boundless natural beauty and rugged, pioneering spirit that lends itself to entrepreneurship. However, Alaska offsets low personal taxes by financing its spending via taxing oil revenues, making its economy highly dependent on resource extraction, a revenue model it may be forced to reevaluate in the coming years.