Updated 8 days ago
- Age: 53 years
- ID: 5221052/106
813 West Northern Lights Blvd. Anchorage, Alaska 99503
AIDEA is a public corporation of the State of Alaska, created in 1967 by the Alaska Legislature to "promote, develop and advance the general prosperity and economic welfare.....
AIDEA is about financing businesses, helping to diversify the economy of Alaska and creating jobs for Alaskans. AIDEA accomplishes its mission by providing various means of financing and by facilitating the financing of businesses in Alaska. AIDEA also has the ability to own and operate facilities that advance this goal...
AIDEA's Development Finance Program got its start in the mid-1980's, when Cominco, in conjunction with NANA Regional Corporation, approached the state seeking assistance to develop the Red Dog Mine deposit. An approximately $128 million economic development loan portfolio held in the General Fund, was appropriated to AIDEA for this effort and the financial structure of the transaction resulted in the creation of AIDEA's Development Finance Program.
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