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In 2021, AEDC secured a grant from the United States Economic Development Administration to develop an economic industry and workforce cluster analysis for the city of Anchorage. This grant enabled AEDC to engage with TIP Strategies, a national economic consulting firm, to lead the analysis and planning effort that was guided by a volunteer 20-member steering committee. After eleven months of interviews and roundtable discussions with economic development stakeholders and comprehensive quantitative analyses, Choose Anchorage: A Framework for Revitalization was created.
The research identified that one of Anchorage’s chief economic concerns was the reduction of our working age adult population, which current estimates show has reduced by 18,600 in the last decade, and that our future success hinged on our ability to make progress in four pillars of economic development, which are:
- BUSINESS VITALITY – Driving new and strengthening existing businesses.
- TALENT – Deepening the pipeline of skilled talent.
- QUALITY OF PLACE – Enhancing the city’s quality of place.
- INFRASTRUCTURE – Investing in critical infrastructure.
The set of strategies and actions identified within this plan is meant to provide community partners, business leaders, and government officials with a roadmap to collectively strengthen Anchorage’s economic vitality over the next five years and beyond.
AEDC is seeking business community support to help advance this plan forward and reverse our current migration trends so that we can grow a prosperous, diverse and sustainable economy for decades to come. We’re seeking a collective funding commitment from the design, architecture, and engineering industries that would be used to directly fund a program manager dedicated to the advancement of one of these four key pillars.
Please contact AEDC’s Interim President & CEO, Jenna Wright at jwright@aedcweb.com or (907) 258-3700 to discuss this opportunity in greater detail. Also, look for more information and luncheon invites in the near future.
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