Alaska Industrial Development and Export Authority (AIDEA) is Alaska's public-private economic development bank. It finances infrastructure and resource projects across Alaska, including the Ambler road, Arctic National Wildlife Refuge (ANWR) leasing and the DeLong Mountain Transportation System.
Photo by U.S. Department of Energy, via Flickr · Photo source · Public domain
aidea.org ↗813 W Northern Lights Blvd, Anchorage, AK 99503, USA
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July 2026
Draft settlement would protect ANWR leasing terms
A draft settlement would bar Washington from shrinking ANWR leasing below what Congress required, a win the state and Kaktovik's drilling backers wanted.
by Maggie AlaskaNews3mo ago1 min read
Alaska's investment arm hands its director more power over public money
AIDEA gave its director a standing $4.5M fund and the power to pick which projects get vetted with public money — faster, but with less board and public visibility.
by Melinda Communities.News4mo ago2 min read
Alaska's development bank meets behind closed doors on the Arctic Refuge, a mining road, and a port
Alaska's state investment bank meets privately July 8 on its biggest bets — Arctic Refuge oil, the Ambler mining road, Port MacKenzie — with public money on the line.
by Walter AlaskaNews4mo ago3 min read
June 2026
AIDEA authorized $190 million for ANWR — backed by Kaktovik, the residents
AIDEA put $190M behind ANWR seismic and lease bidding. Kaktovik — the only community inside the refuge — strongly supported it.
by Walter AlaskaNews4mo ago2 min read
AHFC board to set affordable housing award criteria June 24
Alaska Housing Finance Corporation's board votes June 24 on the rating system that determines which affordable housing projects get state funding, a decision that shifts which communities and project types win tax credits and grants.
by Alaska Newsadded 5mo ago2 min read
ANWR lease sale draws $3.74m in winning bids from AIDEA, Hex Energy
The Arctic Refuge lease sale brought in $3.7 million from two bidders, a modest showing compared with the recent NPR-A sale’s 11 companies and $163 million-plus in receipts.
by Walter AlaskaNews5mo ago3 min read
May 2026
AIDEA releases $50M credit line for Cook Inlet gas drilling
AIDEA released the first draw from a $50 million credit line to HEX Cook Inlet LLC in May to drill two offshore gas wells, part of a broader state push including a royalty rate cut to 3% and pending legislation to support Cook Inlet production.
by Bill AlaskaNewsadded 5mo ago2 min read
AIDEA approves $190 million for ANWR seismic surveys and lease evaluation
AIDEA approved up to $190 million on May 13 for seismic surveys and lease evaluation in the Arctic National Wildlife Refuge Coastal Plain ahead of a federal lease sale scheduled for June 2026.
by Walter AlaskaNews5mo ago2 min readFrom 
Alyeschem breaks ground on North Slope methanol plant
Alyeschem broke ground May 15 on Alaska's first Arctic petrochemical plant at Prudhoe Bay, converting natural gas into methanol with AIDEA's $70 million financing and operations expected by late 2027.
by Walter AlaskaNews5mo ago2 min readFrom 
AIDEA board approves $11 million dividend to state general fund
AIDEA board approved an $11 million dividend to the state general fund for fiscal year 2025, down $6 million from the prior year as the authority declared 42 percent of statutory net income instead of the maximum 50 percent.
by Walter AlaskaNews5mo ago1 min readFrom 
ANWR lease sale will test whether Alaska oil appetite reaches the Arctic Refuge
After eight years, two underwhelming sales, and one federal lawsuit, ANWR gets another go on June 5 — and the oil industry finally has to bid or stop being coy.
by Cale Green5mo ago4 min read
JAG Marine takes over Ketchikan Shipyard after state ends Vigor's 20-year run
AIDEA replaced Vigor Alaska with JAG Marine Group to operate the state-owned Ketchikan Shipyard after 20 years, citing poor performance. JAG projects adding 100 or more jobs over two years.
by Walter AlaskaNewsadded 5mo ago2 min read
AIDEA attacks environmental group before report release
AIDEA issued a press release April 9 attacking environmental group SalmonState's credibility before SalmonState published any report, calling the group funded by left-wing donors to oppose resource development.
by Walter AlaskaNewsadded 5mo ago1 min readFrom Data center project promises rate relief amid public concerns over noise, power
Cryptocurrency data center would generate $2 million yearly and stabilize electric rates using existing power. • Residents worry about noise, fire safety, and power availability for future housing growth. • Company says facility quieter than old cannery equipment and willing to cut operations during peak demand.
by Walter AlaskaNewsadded 5mo ago3 min read
Sullivan-backed federal work drives Alaska shipyard training deal
AIDEA, JAG Marine Group, and Generations Southeast signed a workforce training agreement January 13 to prepare Alaskans for shipyard jobs tied to federal icebreaker and Coast Guard maintenance work Senator Dan Sullivan has promoted.
by Walter AlaskaNewsadded 5mo ago2 min readAlaska Energy Conference Highlights Gas Pipeline Progress Amid Legislative Tax Debate
Alaska LNG pipeline signed contracts, targets 2029 delivery, but governor and legislature split on tax framework. • Southcentral consumers could pay $22.96 per thousand cubic feet if exports fail, double current rates. • Federal officials highlighted critical minerals and $1 billion in funding, but permitting takes 15 to 18 years. • Rural Alaska pays $6.63 per gallon with no pipeline relief in sight.
by Walter AlaskaNews5mo ago4 min read
Coming up
Alaska Industrial Development and Export Authority Board Meeting
Alaska Housing Finance Corporation Board Room, 4300 Boniface Parkway, Anchorage, Alaska
Meeting
AIDEA Board Meeting
Meeting
AIDEA Investment Manager Proposals Due
Public notice
Port MacKenzie Rail Extension Private Partnership Agreement Termination
Public notice
DNR Land Transfer Decision Reconsideration Deadline
Public notice
About Alaska Industrial Development and Export Authority
Photo by U.S. Department of Energy, via Flickr · Photo source · Public domain
aidea.org ↗813 W Northern Lights Blvd, Anchorage, AK 99503, USA
The Alaska Industrial Development and Export Authority, known as AIDEA, is the State of Alaska's public-private economic development bank, based in Anchorage. It finances infrastructure and resource projects across the state through loans, investments and partnerships with private companies.
Its board decides on loans, equity stakes and land, often after long closed sessions. Recurring projects include the Ambler mining road, oil and gas leasing in the Arctic National Wildlife Refuge, and investments in energy, shipyards and undersea fiber. Transfers of state land to AIDEA and the board's executive sessions draw questions from legislators and the public.
Its holdings include the DeLong Mountain Transportation System, and its interests include the Red Dog Mine. Kaktovik leaders and regional Native organizations such as NANA and Tanana Chiefs have taken positions on its projects.
More from Alaska Industrial Development and Export Authority
Alaska Officials Hail 'Night and Day' Shift Under Trump Energy Policies
Governor Dunleavy and Senator Sullivan said Trump reversed Biden restrictions on Alaska resource projects. • Willow and Pitcairn oil fields are now producing, generating 80,000 barrels per day. • State legislature must act on a payment-in-lieu-of-taxes proposal for the natural gas pipeline. • Federal government created a Western Alaska energy task force for rural diesel supply issues.
by Walter AlaskaNews5mo ago5 min read