About Arctic Business Index Project
The main objective of the Arctic Business Index project (previously known as Business Index North) is to increase awareness of opportunities as well as challenges for sustainable economic development in the Arctic. Since 2016, we collect and analyze data, develop analytical reports, online tools, and contribute to informed debate via various dialogue arenas for Arctic stakeholders. The project provides reliable, knowledge-based information about sustainable economic development in the Arctic for decision makers such as international institutional bodies, national and regional authorities, investors, entrepreneurs. This information is also used by educators, media, and students.
In spring 2025, the project was endorsed by the Arctic Council Sustainable Development Working Group with the new project name, Arctic Business Index. Norway and Canada are co-leads of the project.
The geographic scope of the analysis encompasses the entire Arctic, comprising 22 regions across 8 Arctic countries.
The analysis has so far covered topics of sustainable development, socio-economic resilience, innovations, transportation, telecommunication, energy, and socio-economic value creation. Another direction is a combination of data analysis with scenario methodology to analyse the future development of industry and society in Northern Norway and beyond.
The Arctic Business Index project is developed through an international network of academic and research institutions, individual experts, NGOs, and industry from the Arctic countries.
The project administrator is the High North Centre for Business and Governance at Nord University Business School (Norway).
Geographic Scope of the Project ![]()
CONTACTS
Dr. Andrey Mineev
Project Leader, Researcher at the High North Center for Business,
Nord University Business School
E-mail: Andrey.Mineev@nord.no
Tlf: +47 75 51 78 53
Dr Erlend Bullvåg
CEO, Bodø Knowledge Park (KPB), and Associate Professor, Nord University Business School
E-mail: Erlend.bullvag@nord.no
Tlf: +47 90 64 95 91