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Alaska Industrial Development and Export Authority

State-owned corporation in Alaska, U.S. From Wikipedia, the free encyclopedia

Alaska Industrial Development and Export Authority
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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.

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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]

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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

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