Alaska Industrial Development and Export Authority
In 1979 and 1980, oil wealth began flowing into state coffers simultaneously with a downturn in the economy following the completion of the Trans-Alaska Pipeline System (TAPS). Legislation was enacted to expand the powers and financial capabilities of AIDEA to assist smaller businesses. The mechanism used to accomplish this was a capitalization of AIDEA with an existing loan portfolio (held by the Department of Revenue in the general fund) valued at approximately $166 million and $15 million in
Basic Information
- Category: state-owned enterprise
- Website: https://www.aidea.org/
Documented Facts
- Phone: (253) 215-8782
- Email: info@akenergyauthority.org
Evidence and Sources
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