STATE OF ALASKA

Susan Bell, Commissioner, Department of Commerce, Community, and Economic Development

ÍSLANDSSTOFAPromote Iceland

May 15, 2013

Alaska’s Strengths

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• 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

Alaska Tourism

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Governor Parnell supporting growth through:• Reasonable taxes and

fees• Robust marketing

efforts• Regulatory and

permitting reform

Alaska Fisheries and Seafood

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• 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

Alaska Fisheries and Seafood Exports

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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)

Alaska Energy Resources

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• 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

Arctic Opportunities

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• 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

Business Opportunities Abound

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Alaska offers an attractive business climate with great opportunities for business development, partnership, and investment opportunities• Tourism• Fisheries and Seafood• Energy• Arctic

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