The overall goal is to set up a recurring, knowledge-based, systematic information tool for stakeholders such as businesses, academics, governments and regional authorities, as well as media, in the Arctic states.The BIN project is based on an international partner network and coordinated by the High North Center for Business and Governance at Nord University Business School (Norway). Nordland County Council and The Norwegian Ministry of Foreign Affairs provide basic funding for the project.
This is the first “Business Index North” periodic analytical report that focuses on the BIN area (figure 1), including eight northern counties of Norway (Finnmark, Troms, Nordland), Sweden (Norrbotten and Västerbotten) and Finland (Lapland, Northern Ostrobothnia and Kainuu). For the second issue of the report, we would include Russian territories of High North. Our further plan is to gradually include the northern territories of the USA, Canada, Denmark (Greenland), and Iceland.
The present report shall contribute to the understanding of the role and place of the BIN area in the development in Nordic countries Norway, Finland, and Sweden. Furthermore, it gives a nuanced picture of the socio-economic development and business opportunities inside the BIN area. Businesses should be able to use it to get better knowledge about economic developments, investment opportunities and challenges in the Nordic Arctic. Local, regional and national authorities will be able to identify problems and regional development opportunities, and take decisions for political and regulatory
support focused on the BIN area as a whole. For media stakeholders, the report will make it easier to describe the development in a reliable way.
Our definition of the BIN area correlates with the EU concept of a macro-region1. The BIN area runs across country borders has common characteristics and challenges. The BIN area can be viewed as a strategic layer across countries for future development and cooperation.