Economic Profile

Fairbanks has and continues to face difficult decisions as we move forward in the twenty-first century. We must continue to harvest commodity natural resources with prices set globally and redirect our capital to invest in the innovative power of Alaskans in order to  build and maintain competitve, thriving economy.

FEDC believes that the synergy of pursuing both options at the same time is a key strategy for Alaskan economic development. Natural Resources will always be an important factor of economic growth for Interior Alaska, however, a focus on research and technology will help to make this growth sustainable.