Alaska Industrial Development and Export Authority
State-owned corporation in Alaska, U.S.

Alaska Industrial Development and Export Authority
FormerlyAlaska Industrial Development Authority
Company typeState-owned
Founded1967
Headquarters
Anchorage, Alaska
,
U.S.
Area served
Alaska
Websitewww.aidea.org

The Alaska Industrial Development and Export Authority (AIDEA) is a government-owned corporation in the U.S. state of Alaska. Its goal is to promote economic development in the state by providing financing to Alaskan businesses and industrial projects.

History

The organization was established by the Alaska State Legislature in 1967 as the Alaska Industrial Development Authority (AIDA).[1][2] Its powers were expanded by the state legislature in 1987, and its name was changed to the Alaska Industrial Development and Export Authority (AIDEA).[1]

The AIDEA has funded projects such as the Ambler Road and oil exploration in the Arctic National Wildlife Refuge.[3]

In October 2025, AIDEA approved up to $20 million to prepare bids for a new federal oil lease sale in the Arctic National Wildlife Refuge, required under a 2017 law. AIDEA previously secured leases in a 2021 sale that was later canceled by the Biden administration, a decision it is challenging in court. Officials said the move positions AIDEA to pursue potential oil development with economic benefits for Alaska, though the plan has drawn opposition from environmental and Indigenous groups.[4]

Environmental criticism

The AIDEA has been criticized by environmental groups for its support of oil drilling in the Arctic National Wildlife Refuge.[4][5]

See also

References

  1. ^ a b "About". Alaska Industrial Development and Export Authority. Retrieved August 27, 2025.
  2. ^ Tim Bradner. "Critics assail AIDEA but state development authority seems true to its mission". Alaskanomics.com. Retrieved August 27, 2025.
  3. ^ James Brooks (November 11, 2024). "Alaska-owned corporation approves $750,000 for legal fights over Ambler Road and ANWR". Alaska Beacon. Retrieved August 27, 2025 – via Yahoo News.
  4. ^ a b James Brooks (October 24, 2024). "State-owned Alaska corporation approves up to $20 million for potential Arctic refuge oil bid". Alaska Beacon. Retrieved August 27, 2025.
  5. ^ Anja Semanco (August 30, 2023). "What the Heck is AIDEA". Alaska Wilderness League. Retrieved August 27, 2025.

Further reading

  • Natalie G. Dawson; James Tricker; Peter Landres (December 2021). "Evaluating Potential Impacts of Proposed Industrial Access Road Routes on Wilderness Character in Gates of the Arctic National Park and Preserve, Alaska". Arctic. 74 (4): 469–481. JSTOR 27110554.
  • Official website
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