Alaska Industrial Development and Export Authority (AIDEA) Loan Participation Program — A Closer Look, The AIDEA Endowment: A Short History of a Disputed Resource, and AIDEA’s March to Autonomy show that the Alaska Industrial Development and Export Authority (AIDEA) largely fails at creating jobs or generating new economic opportunity, engages in wasteful loan practices, and has become “in many respects an autonomous organization, exempted from the most important laws that protect the public.”
Three independent economic reports: AIDEA’s loan program & history
Alaska Industrial Development & Export Authority (AIDEA):
Cost & Financial Performance-A Long, Hard Look
New reports show that AIDEA’s project decisions are more politically driven, losing gambles than they are investments. AIDEA has not only mostly failed to create jobs or wisely invest state funds, it has cost Alaskans billions of dollars.
Submitted April 2022, published September 2022.
“Alaska Megaproject Update,” a new report from independent economist Ginny Fay, analyzes Alaska’s giveaway of public resources, its funding of unsustainable development, and its billions of dollars lost, had public funds been invested more wisely. The analysis is an update to Fay’s 2003 publication, “A History of Alaska’s Mega Projects and Selected Boondoggles,” and highlights a clear need to take a hard look at megaprojects like the proposed West-Susitna Access Road.