This report presents new and updated knowledge about Nordic coastal communities and their socio-economic situation. We investigate key structures and value chains in eight coastal communities in Greenland, Iceland, the Faroes, and Norway. The report highlights local variations in the interaction between value chains and local resilience and provides a comparative perspective. The report uncovers new trends and important development characteristics for Nordic coastal communities, with diversification, continued household-based activities and person-specific factors found to be key for success in business life and for resilience at the local level. Our results also call into question some of the challenges and conventional truths facing coastal community development in a period where solutions are being sought for sustainability and the climate challenge.