The implementation of Nunavut may be a chance to attempt not only self-government, but also economic development that is more appropriate to indigenous values and northern resources. This paper briefly examines the current economic situation in Nunavut and the continuing interest in the traditional renewable resource economy. It then examines the experiences of a sample of enterprises in country food, commercial fishing, fur, leather, by-products and crafts, and tourism / sport harvesting. Factors contributing to the success of these enterprises include the mix of traditional and modern activities, the nature of ownership and management, project size, product type and location of markets. While such enterprises will not be enough to support all of Nunavut's residents, they could provide an important complement to other development, and will be an important option for some residents. Finally, the paper concludes with some recommendations for Nunavut development.