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STATEWIDE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY 2022-2027

The State of Alaska is finalizing a new 5-year Statewide Comprehensive Economic Development Strategy (CEDS). Funded by the Economic Development Administration, this economic development strategy leverages a locally based, regionally driven, state connected planning process. The 2022-2027 Statewide CEDS identifies the current state of the economy, addresses strategies to improve Alaska's economic resilience, and provides a roadmap for future economic growth.

The Department of Commerce, Community, and Economic Development partnered with the University of Alaska Center for Economic Development (UACED) to perform the background research, facilitate the public process, and draft the document. The Alaska Development Team within the Governor’s Office provided significant input throughout the process. Undertaken between January and June 2022, the CEDS public outreach gathered input from a wide range of stakeholders - local and regional leadership, industry and business representation, Tribal representation, learning institutions, and regional economic development organizations, including Alaska Regional Development Organizations (ARDORs). A Strategy Committee, made up of state leaders from business, government, and the nonprofit sector, provided strategic guidance throughout the CEDS development.

Looking Back:
The 2022-2027 Statewide CEDS will be replacing the 2017-2022 Plan when it expires in September. Titled Northern Opportunity: Alaska's Economic Development Strategy, it was the first Statewide CEDS developed for Alaska.

How does a Statewide CEDS differ from a Regional CEDS?
Many regions throughout Alaska have a CEDS or some version of a regional economic development strategy. The 2022-2027 Statewide CEDS is not meant to replace any regional strategies; instead, it provides a coordinated, high-level economic strategy for the entire state. Most of the state’s industries span more than one region, as do its foundational gaps like affordable housing. In these cases, collaborative statewide strategies are necessary to make progress.

Draft CEDS is Now Available for Public Review

The Draft 2022-2027 Statewide CEDS is posted for a 30-day public review and comment period from July 27, 2022 - August 26, 2022. To review the draft and provide feedback, visit the UACED website at https://ua-ced.org/statewide-ceds. Public feedback is welcomed and encouraged. Please share among your networks!