Alaska Industrial Development and Export Authority

Overview

The Alaska Industrial Development and Export Authority (AIDEA) is a public corporation of the State of Alaska, established in 1967 by the Alaska Legislature. Its mission is to promote the economic welfare of Alaskans by providing financing solutions and investments that drive economic development and job creation across the state. AIDEA serves as the state's development financing authority, partnering with other financial institutions, economic development groups, and guarantee agencies to support a broad range of commercial, community, and non-profit enterprises in Alaska. AIDEA offers various financing programs, including Loan Participation, Conduit Bonding Authority, Loan Guarantees, and Development Finance. These programs are designed to meet the financial needs of businesses and organizations aiming to establish or expand their operations in Alaska. By acting as a funding resource, AIDEA facilitates the growth and diversification of the state's economy, with a focus on sectors such as energy, manufacturing, export, small business, and business enterprises. Through its strategic investments and financing initiatives, AIDEA plays a pivotal role in fostering economic growth and job creation in Alaska. The authority's support services and dedicated employees are committed to providing customer service that meets the diverse needs of the state's business community, ensuring that Alaska remains a competitive and attractive environment for investment and development.

Investment Focus

• Projects must contribute to economic development and job creation in Alaska
• Alignment with AIDEA's mission and strategic objectives
• Feasibility and sustainability of the proposed project

Portfolio Companies