AIDEA — Alaska's public-private economic development bank. Finances infrastructure, loans to Alaska businesses, and owns major state assets like the DeLong Mountain Transportation System.
813 W Northern Lights Blvd, Anchorage, AK 99503, USA
Comment closes Monday on giving 20,000 Houston-area acres to AIDEA
Alaska's DNR has issued a preliminary decision to convey 19,950 acres north of Houston to AIDEA at no cost for industrial development, with public comment closing at 5 p.m. Monday.
by Walter AlaskaNews18h ago3 min readAI
Antimony plant equipment lands at Port MacKenzie before its air permit clears
Nova Minerals' antimony processing equipment is ashore at Port MacKenzie while the plant's state air permit application remains on hold. No public comment period has opened, and the records do not show whether construction may lawfully begin first.
by Walter AlaskaNews1w ago3 min readAI
Kaktovik leaders back 1002 Area development and press AIDEA to weigh local knowledge
Kaktovik's mayor, tribal administrator and village corporation board members used a Tuesday visit by AIDEA board members and staff to urge that local traditional knowledge shape drilling decisions in the ANWR Coastal Plain. The account of the visit comes from AIDEA's release.
by Bill AlaskaNewsadded 1w ago2 min readAI
HEX plans to triple its gas deliveries, enough to cover a tenth of demand
AIDEA said Wednesday that HEX has expanded its Allegra Leigh Platform in Cook Inlet from six wells to as many as 14 and plans to triple firm gas deliveries to ENSTAR starting in April 2027. State studies still put the basin's current-demand horizon near 2030.
by Melinda Communities.News1w ago2 min readAI
Alaska would give 20,000 acres near Houston to a state authority for free
Alaska is proposing to convey about 19,950 acres near Houston to the Alaska Industrial Development and Export Authority at no cost for an industrial district.
by Walter AlaskaNews1w ago1 min readAI
A barge of secondhand equipment is bringing a military antimony refinery to Port MacKenzie
Nova Minerals barged nearly 500 tons of processing equipment from Seattle to Port MacKenzie for a federally funded antimony refinery, with construction to start on arrival in early September 2026.
by Walter AlaskaNewsadded 1w ago3 min readAI
AIDEA's board will sign off on refreshing its due diligence fund
AIDEA's board voted to require its own sign-off before a $4.5 million due diligence fund is refreshed after fiscal 2027, in a meeting with a long closed session.
by Walter AlaskaNews2w ago2 min readAI
AIDEA commits $25 million to drill under the West Susitna road
AIDEA committed up to $25 million to drill under the proposed West Susitna road, naming the Nova Minerals, U.S. GoldMining and Terra Energy projects it would serve.
by Bill AlaskaNews2w ago2 min readAI
Alaska's development authority again takes ANWR and Ambler to closed session
Four AIDEA projects, including the Arctic National Wildlife Refuge and Ambler, are slated for executive session at the authority's Aug. 26 board meeting. Public comment is scheduled before the closed session, and written comments are due by 4 p.m. the prior day.
by Melinda Communities.News3w ago2 min readAI
Ambler advances, but the U.S. stake in its developer hasn't closed
Ambler Road permits are back in force and the project is advancing, but the U.S. government's planned stake in developer Trilogy Metals still hasn't closed.
by Walter AlaskaNews1mo ago2 min readAI
The state may give 20,000 acres near Houston to a development authority
Alaska's DNR proposes transferring nearly 20,000 acres near Houston to AIDEA at no cost for an industrial and energy district, with its review flagging reduced public trail access.
by Walter AlaskaNews1mo ago1 min readAI
Draft settlement would protect ANWR leasing terms
A draft federal settlement would prevent limits on ANWR Coastal Plain oil leasing below 2017 law, resolving Alaska and AIDEA lawsuits over Biden-era restrictions.
by Maggie AlaskaNews1mo ago1 min readAI
Alaska's investment arm hands its director more power over public money
The Alaska Industrial Development and Export Authority board approved a standing $4.5 million due diligence fund on Wednesday that resets annually and lets the executive director hire outside consultants to screen projects before any board vote, with quarterly reports that may be delivered in closed session.
by Melinda Communities.News2mo ago2 min readAI
Alaska's development bank meets behind closed doors on the Arctic Refuge, a mining road, and a port
The Alaska Industrial Development and Export Authority board meets Wednesday, July 8, and will take ANWR, Ambler, Port MacKenzie, AKAF, and AIDEA legislative matters into executive session. The board will also consider Resolution G26-08 on the Due Diligence Fund in public session.
by Walter AlaskaNews2mo ago3 min readAI
AIDEA authorized $190 million for ANWR — backed by Kaktovik, the residents
AIDEA authorized up to $190 million for ANWR seismic testing — backed by Kaktovik, the only community located inside the wildlife refuge
by Walter AlaskaNews2mo ago2 min readAI
AHFC board to set affordable housing award criteria June 24
Alaska Housing Finance Corporation's board will vote June 24 on the Qualified Allocation Plan that determines how developers compete for limited state affordable housing financing statewide.
by Alaska Newsadded 3mo ago2 min readAI
ANWR lease sale draws $3.74m in winning bids from AIDEA, Hex Energy
The Bureau of Land Management's Arctic Refuge lease sale drew $3.7 million in winning bids Friday from two bidders on five tracts. The result marks a shift from last year's zero-bid sale but falls short of broad industry interest.
by Walter AlaskaNews3mo ago3 min readAI
AIDEA approves $190 million for ANWR seismic surveys and lease evaluation
AIDEA Board just approved $190 million for ANWR seismic work and potential new lease bids in June 2026, banking on incoming Trump administration to reverse Biden-era restrictions that made previous leases economically unviable. This represents one of Alaska's largest-ever investments in Arctic oil development.
by Walter AlaskaNews3mo ago2 min readAI
Alyeschem breaks ground on North Slope methanol plant
Alyeschem held groundbreaking May 15, 2026 for Alaska's first petrochemical manufacturing facility on the North Slope, backed by $70M AIDEA financing. Plant will convert stranded natural gas into methanol and ultra-low sulfur diesel, creating 150 construction jobs and eliminating 4,000 annual truck trips on Dalton Highway.
by Walter AlaskaNews3mo ago2 min readAI
AIDEA releases $50M credit line for Cook Inlet gas drilling
The Alaska Industrial Development and Export Authority released funding from a $50 million revolving credit line to HEX Cook Inlet LLC in May 2025 for Kitchen Lights Unit drilling, supporting a $40 million offshore well program expected to create up to 100 temporary jobs.
by Bill AlaskaNewsadded 3mo ago2 min readAI
AIDEA board approves $11 million dividend to state general fund
AIDEA's dividend to the state general fund fell from $17 million (FY2024) to $11 million (FY2025), a 35% decline that signals reduced revenue for public services despite the agency's 28-year profitability streak.
by Walter AlaskaNews3mo ago1 min readAI
ANWR lease sale will test whether Alaska oil appetite reaches the Arctic Refuge
BLM opens bids June 5 on an ANWR Coastal Plain lease sale. After a canceled 2021 auction and a 2025 bust, industry interest is finally being tested again.
by Cale Green3mo ago4 min read
JAG Marine takes over Ketchikan Shipyard after state ends Vigor's 20-year run
AIDEA terminated Vigor Alaska's operating agreement for the Ketchikan Shipyard in March 2025 after citing poor performance, then selected JAG Marine Group as the new operator in November 2025 following failed reconciliation talks and worker layoffs.
by Walter AlaskaNewsadded 3mo ago2 min readAI
AIDEA attacks environmental group before report release
AIDEA preemptively attacks SalmonState environmental group before anticipated report release, calling the group biased and funded by left-wing donors.
by Walter AlaskaNewsadded 3mo ago1 min readAIData center project promises rate relief amid public concerns over noise, power
Petersburg Borough Assembly heard Tuesday that a proposed 2-megawatt cryptocurrency data center at the former Ocean Beauty cannery site could stabilize electric rates and generate millions in annual revenue, but residents questioned impacts on power availability, noise levels, and future community growth during extended public testimony.
by Walter AlaskaNewsadded 3mo ago3 min readAI
Sullivan-backed federal work drives Alaska shipyard training deal
AIDEA, JAG Marine Group, and Generations Southeast announced a workforce training partnership to prepare Alaskans for shipyard jobs tied to federal icebreaker and Coast Guard maintenance contracts.
by Walter AlaskaNewsadded 3mo ago2 min readAIAlaska Energy Conference Highlights Gas Pipeline Progress Amid Legislative Tax Debate
The Alaska Sustainable Energy Conference showcased progress on the Alaska LNG project while the legislature debated competing tax frameworks for the pipeline. Inside: SB 280, consumer-cost concerns, the critical-minerals permitting gap, AI data centers, and rural Alaska's $6.63 gasoline.
by Walter AlaskaNews3mo ago4 min readAI
Alaska Officials Hail 'Night and Day' Shift Under Trump Energy Policies
by Walter AlaskaNews3mo ago5 min readAI