• BlueCrest Energy, Inc.


    BlueCrest Energy, Inc. has constructed an on-shore drilling rig to support oil and gas development in southern Cook Inlet. The rig is capable of reaching out more than 30,000 feet and BlueCrest plans to use the rig for up to seven years. On-going operations, administration, and truck drivers will provide approximately 70 jobs.

    BlueCrest Energy, Inc.
  • Extreme Fun Park and Valley Cinema


    At nearly 70,000 square feet, the only Fun Center in Alaska features over 60 arcade-style games, a four level kids' "soft play" area, a food court, two-story laser-tag arena, mini-bowling, spin bumper cars, a laser shooting gallery and several rooms for parties, events, and business meetings.

    Extreme Fun Park and Valley Cinema
  • Bonanza Fuel Farm


    This project added three storage tanks to the existing six tanks at the facility, and increased storage capacity to a total of 5.9 million gallons. The project also enhances the development of Nome's harbor by providing additional fuel storage to meet increasing demands for marine traffic in the Bering Strait.

    Bonanza Fuel Farm
  • Ketchikan Shipyard - Ketchikan


    In Feb 2012, AIDEA Board approved the transfer of ownership of Alaska Ship & Drydock, Inc. (ASD) to Vigor Industrial, LLC, a Pacific Northwest shipbuilder. The shipyard also significantly completed a $77 million expansion project, which included an Operations Office, Assembly Hall and Production Center.

    Alaska Wild Berry Products
  • Hames Corporation - Sitka


    Hames Corporation is a third generation family owned company with roots that began back in 1949 as a small corner grocery store in Sitka. The corporation is still locally owned and operated and employs approximately 135 full- and part time associates.

    Alaksa Wild Berry Products
  • Harbor Holdings - Seward


    Chinook's Restaurant, which has been operating seasonally since 1995, is one of Seward's premier restaurants, featuring a full lunch and dinner menu, including seafood, steaks, pastas and a full-service bar. The restaurant employs 35 part-time and full-time employees.

    Harbor Holdings
  • Allen Marine - SouthEast


    Allen Marine is a family owned business recognized as the largest and most successful marine tour operator in Southeast Alaska. They have been cruising the waters of the Inside Passage for more than 40 years and currently operate vessels from the ports of Sitka, Juneau, Ketchikan, Hoonah and Glacier Bay..

    Allen Marine
  • Providence Health and Services - Anchorage


    AIDEA issued $122.72 million in tax-exempt conduit revenue bonds for Providence Health and Services to finance Providence Alaska Cottages, a 96-bed nursing home and to finance capital improvements at Providence Alaska Medical Center, both in Anchorage.

    Providence Health and Services
  • Skagway Ore Terminal - Skagway


    In July 1990, AIDEA purchased the Skagway Ore Terminal (SOT) to: bring stability to Skagway’s then major year-round industry; fund essential environmentally efficient renovations to the facility; and open the door to additional economic growth through marketing the facility to other potential users.

    Skagway Ore Terminal
  • Aspen Hotel - Anchorage


    AIDEA participated in the financing of the newly constructed Aspen Suites Hotel on Tudor Road in Anchorage. The four-story hotel (52,250 sq. ft.) contains 92 rooms and employs 14 permanent employees, while approximately 90 jobs were created during the construction phase.

    Aspen Hotel
  • Harry & Sally Porter Heart Center - Fairbanks


    The Harry & Sally Porter Heart Center opened its doors in May 2010, bringing all cardiology services (cardiology clinic, heart catheterization lab and cardiac rehabilitation) under one roof. The new facility has three cardiologists, a conference room where doctors can discuss cases with colleagues anywhere in the world, a rehab center and state-of-the-art technology.

    Harry & Sally Potter Heart Center



Mar 30, 2020 AIDEA Creates Billion Dollar Loan Guaranty Program - Sustaining Alaska's Future Economy (AK SAFE) Confronts COVID-19 Economic Crisis

Mar 23, 2020 AIDEA Remains Open For Business

Mar 18, 2020 Letter to AIDEA and AEA Vendors regarding AIDEA and AEA Business Continuity Plan (Form)

Mar 12, 2020 AIDEA Expands AK SHIP Program to Seward Shipyard, Authority to Finance Barge Kotzebue Sound Repair and Refurbishment

Mar 11, 2020 AIDEA Board Approves Conduit Bonds Issuance - Financing for Interior gas Utility Projects

Mar 4, 2020 AIDEA Board Approves Loan for Kitchen Lights Acquisition - Development Project Financing Provided to HEX LLC for Cook Inlet Unit

Jan 16, 2020 AIDEA Board Approves Brooks Range Loan Modifications

2019 AIDEA Annual Report

Dec 6, 2019 AIDEA Board Approves $14.475 Million Dividend to the State

AIDEA - Alaska's Development Finance Authority

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WELCOME to the Alaska Industrial Development and Export Authority (AIDEA) website. The purpose of this website is to help you obtain an overview of our programs, and to guide you through the process of obtaining any assistance we can provide.

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...