Pond Inlet's economy is mixed—including both traditional subsistence and wage-based activities. The wildlife economy, "including hunting, fishing, trapping and gathering...continues to play an important role in Pond Inlet and contributes to the foundation of Inuit culture and economy". As part of the decentralization process that was adopted by the new Nunavut government as a job creation strategy, Pond Inlet became the Qikiqtani regional centre for Nunavut's Department of Economic Development and Transportation. Growth sectors in Nunavut include arts and crafts and wildlife harvesting for future economic development.