Denali Chamber Economic Development Proposal - Flipbook - Page 7
OPTION 1
Economic Development Districts (EDDs) are
integral to Alaska's economic growth strategy,
fostering prosperity and sustainability across
diverse regions. They serve as regional planning
hubs, connecting stakeholders and securing
federal funding for local projects. EDDs also
promote collaboration, resource management, and
responsiveness to local needs. In the Denali
Borough, starting an EDD offers potential for
economic diversification, job creation, and improved
infrastructure, but it comes with challenges like
initial costs and partnership buy-in. Careful
planning and community involvement are crucial
for success. The State of alaska currently has
nine EDD’s. Information on those can be found
here.