Economic Development
Viable and sustainable economic development in the Arctic is required to realize the full potential of a region that lacks, in many part of the Arctic, basic investments in infrastructure, services, or scalable commerce with linkages from local communities to global markets.
From rare earth minerals to renewable energies; from nuclear icebreakers to new shipping lanes; from smart cities to remote communities—the Arctic is increasingly opening to the global economy. However, venture capital has been slow to arrive in the Arctic and in a manner that is locally informed and supported, provides local to global benefits, and meets community needs while reinforcing strong community.