AIDEA board to consider declaring its fiscal 2028 dividend to the state Nov. 4

The Alaska Industrial Development and Export Authority board will consider a resolution declaring the authority's fiscal 2028 dividend to the state general fund at a special meeting at 9 am Wednesday, Nov. 4, in Anchorage. The agenda lists no dollar amount.

Each year the board decides how much of AIDEA's earnings to make available to the state. It must set the dividend at 25 to 50 percent of the authority's statutory net income from two years earlier, according to an earlier AIDEA dividend resolution. The Alaska Legislature then decides whether to appropriate it.

Under that rule, the fiscal 2028 dividend rests on fiscal 2026 income. The board is also scheduled to adopt AIDEA's audited financial statements for fiscal 2026 at the same meeting.

The board declared $11 million for fiscal 2025, 42 percent of statutory net income rather than the 50 percent maximum. It declared a $20 million dividend for fiscal 2026, roughly 30 percent of fiscal 2024 statutory net income. On Dec. 18, 2025, it declared a $17 million payment to the general fund that AIDEA identified as its fiscal 2027 dividend. That release reported record fiscal 2025 statutory net income of $67.4 million.

The board will also take up two other resolutions, one on GEOAlaska and one on the Wrangell Shipyard. The agenda lists them only by title. Before those votes, the board plans a closed executive session on both projects, AIDEA finances and matters covered by attorney-client privilege.

Written comments are due by 4 pm Tuesday, Nov. 3. People can also comment by phone during the meeting, after roll call and agenda approval. The meeting will be held in AIDEA's board room on West Northern Lights Boulevard in Anchorage and by teleconference.

The board's next regularly scheduled meeting is Friday, Dec. 4, in the Alaska Housing Finance Corporation board room in Anchorage.