Mission
The MISSION of the Fairbanks Economic Development Corporation is to assist in creating new jobs and new economic opportunities for the residents of the Fairbanks North Star Borough.
The Fairbanks community is dynamic, diverse, affluent, and is in the perpetual renewal. FEDC’s vision is to fuel our community with infinite imagination, innovation, intelligence, and involvement. We will set the standard in economic growth and provide leadership in promoting investment and sustainable development.
Goals Fairbanks Economic Development Corporation is committed to ignite economic prosperity in the region through fulfilling its goals:
fostering a strong economic environment which supports businesses and nurtures growth, wealth and new investment in the region
actively attracting new businesses in order to support and facilitate new employment opportunities for Interior Alaska
serving as a liaison between public and private economic development activities, and recommend policies to government that support the achievement of planned economic development goals
4-4-5 The quality of life for many of us in the Golden Heart City is wonderful, however, many families are struggling. A little known economic fact is that Fairbanks’ per capita income is $31,600. Lets face it; the quality of life of a family of four living on $32,000 a year is not that high. That’s not enough money to buy a snow machine, go on a vacation or even take a weekend fishing trip to Valdez or Kenai.
That number is why the FEDC is starting a new program called 4-4-5. This plan calls for an increase of four thousand jobs (4) over the next four years (4) that pay $50,000 or more per year (5).
Annual Reports Annual report collects information on what FEDC has accomplished, important benchmarks, and planned activities:
