Í SLANDSSTOFA Promote Iceland May 15, 2013
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STATE OF ALASKASusan Bell, Commissioner, Department of Commerce, Community, and Economic Development
ÍSLANDSSTOFAPromote Iceland
May 15, 2013
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Alaska’s Strengths
Page 2 Prepared by the Alaska Department of Commerce, Community, and Economic Development
• Worldwide recognition that Alaska is unique, scenic, and large
• Abundance of natural resources
• Fiscally sound –AAA bond rating and budget discipline
• Strategic Arctic location• Economic development
across all sectors—particularly mining, energy, tourism and transportation
• Opportunities for investment and trade
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Alaska Tourism
Page 3 Prepared by the Alaska Department of Commerce, Community, and Economic Development
Governor Parnell supporting growth through:• Reasonable taxes and
fees• Robust marketing
efforts• Regulatory and
permitting reform
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Alaska Fisheries and Seafood
Page 4 Prepared by the Alaska Department of Commerce, Community, and Economic Development
• Alaska and Iceland are partners in the FAO-based sustainable seafood management programs
• Partners at the Boston Seafood Show and Brussels Seafood Exposition
• Taxes and fees used to fund marketing• Alaska Seafood Marketing
Institute • Small business loans for
commercial fishing and mariculture
• Incentives for value-added processing
• Funding for regional aquaculture associations
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Alaska Fisheries and Seafood Exports
Page 5 Prepared by the Alaska Department of Commerce, Community, and Economic Development
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Alaska Fisheries and Seafood Statistics
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• Alaska’s largest employer• Over 5.6 billion pounds of seafood harvested in Alaska in 2011• Ex-vessel value of $2.3 billion in 2011• Alaska has 10,686 km of coastline (Iceland has 4,970 km)
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Alaska Energy Resources
Page 7 Prepared by the Alaska Department of Commerce, Community, and Economic Development
• Restructuring taxes to increase TAPS throughput
• Gasline development• Exploration and development
incentives• Goal: 50% of electrical
generation from renewables by 2025• Renewable energy grants• Rare earth element
development• Training
• Financing for infrastructure development and transmission
• Permitting teams to expedite permits
• Port development• Resource mapping and
research• Energy efficiency programs
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Arctic Opportunities
Page 8 Prepared by the Alaska Department of Commerce, Community, and Economic Development
• Undertaking an Economic Development Initiative to determine future growth and new partnerships with our Arctic neighbors
• Arctic Port study• Newly formed Arctic
Policy Commission• Oil and gas exploration• Energy exploration• Minerals extraction
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Business Opportunities Abound
Page 9 Prepared by the Alaska Department of Commerce, Community, and Economic Development
Alaska offers an attractive business climate with great opportunities for business development, partnership, and investment opportunities• Tourism• Fisheries and Seafood• Energy• Arctic
www.commerce.gov