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Statewide Comprehensive Economic Development Strategy 2022-2027

The State of Alaska is currently in the process of developing a new 5-year Statewide Comprehensive Economic Development Strategy (CEDS) using funding provided by the Economic Development Administration (EDA). This economic development strategy leverages a locally based, regionally driven, state connected planning process. The 2022-2027 Statewide CEDS provides a roadmap to grow our existing economic engines (like natural resource development, defense, and tourism), support our high-potential new growth sectors (like mariculture and aerospace), and improve economic resilience and self-sufficiency for communities throughout Alaska. Once created, the plan will be updated annually to reflect progress and changed circumstances.

The Department of Commerce, Community, and Economic Development (DCCED) has partnered with the University of Alaska Center for Economic Development (UACED) to assist in developing this document and to facilitate outreach sessions to gather public input. Taking place now through the end of May 2022, this public outreach process will gather input on the CEDS from a wide range of stakeholders – local and regional leadership, private industry representation, small business owners and advocates, Tribal representation, and learning institutions.

DCCED is working with regional economic development organizations, including Alaska Regional Development Organizations (ARDORs), to help guide these outreach sessions, given their depth of understanding and wide network within their regions of representation. DCCED has also established a Statewide CEDS Strategy Committee, a group of about fifty individuals selected on the basis of community or industry leadership to steer the creation of this economic roadmap, assessing Alaska’s economic strengths, weaknesses, opportunities, and threats (SWOT), and helping to develop the economic goals, objectives, and strategies which make up the Strategic Action Plan.

Want to provide input? UACED developed a CEDS Business and Stakeholder Survey to gather input from businesses, nonprofits, or public entities on the state of Alaska’s economy, the business environment, and projects to include in the Statewide CEDS. This brief survey will be available to take until the end of May.

How does a Statewide CEDS differ from a Regional CEDS? Most regions throughout Alaska have a CEDS or some version of a regional economic development strategy. Both of Alaska's Comprehensive Economic Development Strategies – the existing 2017-2022 CEDS and the 2022-2027 CEDS currently under development – utilize the most recent regional economic planning documents from around the state to inform all aspects of the Strategy. The statewide Strategy is not meant to replace any regional strategies, but rather highlights areas of focus that have commonality from region to region, and provides a coordinated, high-level economic strategy for the entire state.

The 2017-2022 Statewide Comprehensive Economic Development Strategy (CEDS) titled Northern Opportunity: Alaska's Economic Development Strategy was the first Statewide CEDS developed for Alaska. That Plan will be expiring in September 2022, and will be replaced with the new 2022-2027 Statewide CEDS. DCCED also partnered with UACED in the creation of the 2017-2022 Plan.

Timeline and Key Dates

  • January – May 2022: UACED facilitating public outreach sessions in coordination with ARDORs and other regional development and industry organizations.
  • June – July 2022: DCCED and UACED drafting CEDS Report and working with CEDS Strategy Committee to develop economic goals, objectives, and strategies.
  • Mid-July 2022: Statewide CEDS Report will be posted for a 30-day public comment period.
  • August 31, 2022: Public comments will be incorporated and Statewide CEDS Report will be finalized by this date.
  • September 2022: Final 2022-2027 Statewide CEDS due to the Economic Development Administration (EDA). DCCED to conduct statewide outreach to share Final Statewide CEDS Report.