Since the start of WW2 Fairbanks has been a “Military Town”. Today our Military Industry generates 11,552 jobs (20% of all jobs in Fairbanks) through direct, indirect and induced local spending. These jobs pay an annual average of $ 72,000 (4th highest among all sectors); they equal 38% of all wages, salary and benefit payments in Fairbanks. The Military Industry is by far the largest contributor to the Fairbanks economy and FEDC supports and coordinates the Borough and Cities efforts to sustain and grow this industry.
The Fairbanks Prospector is a powerful GIS tool to attract outside investment into the Fairbanks North Star Borough. The site provides real estate, demographic and industry data to help businesses and site selection professionals through powerful online mapping analysis.
FEDC has developed an Economic Model of the Fairbanks economy. This comprehensive model provides our community a decision making tool that supplies statistical information about economic drivers of the FNSB economy. This model helps provide an understanding of the basic economic activity that are responsible for new money coming into our economy, leading to our region’s outflows of money from the purchase of imports, creating labor income and other positive economic activity.