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Economic Development Journal - Spring 2015

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An Unexpected Journey: Anchorage's Pathway to Economic Development
by William Dann and Archana Mishra
This article explores the Anchorage Economic Development Corporation's bold vision for the city of Anchorage - to make it the #1 place in America - through a grassroots movement called Live.Work.Play. It encapsulates the rationale for such a vision that goes beyond the traditional economic development model, along with the journey of garnering support from the wider community, the lessons learned from this experiment, and the foreseen challenges that lie ahead in achieving the vision.

Resource Revenues and Fiscal Sustainability: Lessons of the Alaska Disconnect
by Gunnar Knapp
Alaska's experience with oil wealth offers cautionary lessons for states or countries fortunate enough to earn large revenues from a single resource industry. Even with very large resource revenues it is advisable to maintain some level of taxes on the general population and other industries.

Mining and Sustainable Communities: A Case Study of the Red Dog Mine
by Bob Loeffler
Politicians and planners work to attract economic development because of the desire to provide jobs and income for residents, and to find tax revenue to fund government services. Their focus is usually statewide: jobs, income, and taxes for Alaskans. This article is about the impact of one remote development project on nearby, Native communities. It is about the community effects of the Red Dog Lead and Zinc Mine in Northwest Alaska.

Alaska's Nonprofit Sector: Generating Economic Impact
by Dennis McMillian, Laurie Wolf, and Andrew Cutting
This article highlights research on the economic impact of the nonprofit sector in Alaska in a way that has not previously been available, with a focus on revenue and jobs generated.

Economic Development Financing: Developing the "Last Frontier"
by Mike Catsi, CEcD
As the Alaska Industrial Development and Export Authority (AIDEA) approaches its 50th anniversary, it is clear that the AIDEA of 2015 is very different to that from 1967. Much of this can be attributed to the flexibility built into the authority that allows it to evolve as its clients and the Alaskan economy changes.

The Determinants of Small Business Success in Alaska: A Special Focus on the Creative Class
by Mouhcine Guettabi
The presence of human capital has been linked to employment growth in both urban and rural areas. This article examines the relationship between small business development using multiple metrics in Alaska's boroughs and the presence of the creative class.