ARE PhD candidate Kyumin Kim presented his research on the role of fisheries diversification in promoting non-fishing sector economic growth in fishing communities. While a diverse portfolio of fisheries has been shown to stabilize fisheries income for individual fishers and communities, evidence of its role in stabilizing broader local economies remains limited. This study addresses this gap by investigating how fisheries and industrial diversification influence the economic growth and stability of fishing economies. Using the Hyperbolic Distance Function (HDF) approach, Kyumin analyzes 17 years of fisheries and economic data from 177 Alaska fishing communities. His findings reveal that both fisheries and industrial diversification significantly shape employment growth and stability. Economic stability often comes at the cost of reduced economic growth, reflecting the risk/return trade-offs inherent in diversification. Additionally, he identifies a complementary relationship between industrial specialization and fisheries diversification. This dual-track strategy of balancing diversification and specialization across fisheries and industrial sectors enables communities to adapt their economic structures to local circumstances while minimizing trade-offs between growth and stability. His results suggest policymakers should prioritize strategies to foster balanced diversification and specialization across fisheries and industrial sectors, offering actionable insights to build resilience in fishing communities facing climate-induced uncertainties.