Rural areas in Sweden are often pointed out as key areas for development when it comes to industries such as forestry, agriculture, mining, energy, food security, tourism, leisure, and outdoor activities. However, these areas have seen a negative population trend for decades and, simultaneously, public service provision has declined. This development is not unique to Sweden and can be seen in rural areas across the world. Within scientific literature several approaches have been studied to find potential solutions and bring back prosperity to rural communities. Once such solution is Community Wealth Building (CWB), which is an economic framework designed to help circulate local resource within the local society. To date, CWB has primarily been implemented in urban contexts. This study has therefore investigated the potential for implementing the CWB framework in a rural context in Sweden, and what possibilities or barriers there are for such implementation. The study has been conducted as explorative case study in the municipality of Åre. Empirical data has been collected through a thematic analysis of municipal steering documents and through semi-structured interviews with actors from local public institutions, local third sector and local business. The findings suggest that there is potential to implement the CWB framework in a rural, Swedish context, taking into consideration the various possibilities and barriers that exist for doing so in practice.