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Economy

AIDEA’s enormous cash reserves can do more to help close state deficit

Dermot Cole - 0
AIDEA has repeatedly boasted that its earnings last year—$65 million—were strong enough that it contributed $20 million to the state general fund.
News

Legislators should demand to see the AIDEA economic analysis today

Dermot Cole - 0
Legislators should demand to see what AIDEA received for the $250,000 contract.
Commentary

AIDEA nows says it doesn’t need $50 million for gas line study

Dermot Cole - 0
Juneau Sen. Jesse Kiehl said something not long ago about how the job of a legislator is often to say no.
Environment

AIDEA made its $50 million gasline study pledge before getting legislative approval

Dermot Cole - 0
The Alaska Gasline Development Corporation can’t find a private company willing to pay $50 million for the final design and engineering work on a proposed gas pipeline unless there is a pledge to get that money back from the state.
Commentary

AIDEA spent $250,000 for an independent economic analysis of AIDEA. AIDEA refuses to release the report.

Dermot Cole - 0
This story was originally published in Reporting From Alaska. The Alaska Industrial Development & Export Authority spent $250,000 of public money to complete an independent...
Economy

Alaska’s embattled economic development agency signs contracts with seven law firms

Nathaniel Herz, Northern Journal - 0
AIDEA has long used outside attorneys. What’s new is selecting firms in advance, which the agency's leader says allows work to happen more quickly than going through the state’s procurement process each time an issue comes up.
Opinion

OPINION: AIDEA are losers. It’s time to cut their funding.

The Alaska Current - 0
For decades, the Alaska Industrial Development and Export Authority has operated with impunity. It’s steadily chipped away at legislative oversight and lost big on...
Economy

AIDEA wants to borrow $300M to bankroll unidentified projects

Dermot Cole - 0
AIDEA claims that once it decides what to do with the $300 million, there will not be enough time to get approval from the Legislature on the specifics.
Economy

More problems at Alaska’s state-owned investment bank, conservation group concludes

James Brooks, Alaska Beacon - 0
The reports arrive as AIDEA seeks permission from the Alaska Legislature to borrow as much as $300 million for a variety of as-yet-unidentified mining projects.
Commentary

AIDEA’s job-creation claims fall flat, veteran Alaska economists conclude

Dermot Cole - 0
This story is republished from dermotcole.com with permission. In September 2022, Alaska economists Gregg Erickson and Milt Barker, two of the leading experts on the history of Alaska’s...
News

AIDEA signs new consulting contracts, two with ex-Dunleavy aides, paying up to $295/hour

Nathaniel Herz, Northern Journal - 0
This story is republished from Northern Journal, which depends on subscriber support. Please consider subscribing. Alaska’s state-owned economic development agency has retained four consultants aimed at boosting its...
News

Alaska state-owned corporation intends to spend $7 million in 2024 on Ambler Road

Alaska Beacon - 0
This article was originally published in the Alaska Beacon. Executives at Alaska’s state-owned development bank say they will advance plans for a 211-mile mining road...
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