Economic development is all about people. People are the reason we seek economic growth. People introduce the ideas and innovations that drive our economies. For many years, entrepreneurship has been the driving force behind the U.S. economy. Where entrepreneurship is strong, you find self‐sufficient people living in healthy communities.
In Alaska, the rural economy has been based mostly on large‐scale resource production and government spending. Often, a big share of this money is spent outside the community and even the state. Entrepreneurship has an important role to play in the future of the rural Alaska economy, and your business can be a part of that.
Whether your goal in starting your own business is to stay and make a living in your own community or pursue an innovative idea with the potential for global commercialization, this handbook will take you through the process of developing your business idea into a business plan.