May 13, 2008 - AIDEA Credit Rating Raised, S&P Upgrades Rating on Revolving Fund Bonds
(Anchorage) – The Alaska Industrial Development and Export Authority (AIDEA) announced that on May 8, 2008, Standard & Poor’s Ratings Services raised its underlying rating (SPUR) to AA-(SPUR)/Stable from A on AIDEA’s revolving fund bonds.
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May 5, 2008 - AIDEA Board Names New Executive Director
(Anchorage) – Today the Alaska Industrial Development and Export Authority (AIDEA) Board of Directors announces the appointment of Ted Leonard as AIDEA Executive Director. Mr. Leonard is currently Deputy Commissioner of the Department of Commerce, Community and Economic Development (DCCED).
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March 31, 2008 - AIDEA Board Approves Loan Participation
(Anchorage) – Today the Alaska Industrial Development and Export Authority (AIDEA) Board of Directors unanimously approved an $8,280,000 (90%) loan participation to Tanana Chiefs Conference, Inc., located in Fairbanks. The $9,200,000 loan was brought to AIDEA by Alaska Pacific Bank, which originated the loan and is participating with $920,000 (10%).
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December 7, 2007 - AIDEA Board Approves $23.8 Million Dividend
Today, at its final meeting of 2007, the Alaska Industrial Development and Export Authority (AIDEA) Board of Directors approved a dividend of $23.8 million to go to the State general fund for FY2009.
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November 2 , 2007 - AIDEA Approves Ketchikan Dock Co., LLC Loan Participation
The Alaska Industrial Development and Export Authority (AIDEA) recently approved participating in the following business loan. This loan was brought to AIDEA by a qualified loan originator, which also participates in the loan with some of its own funds:
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October 8, 2007 - AIDEA Approves Three Business Loans
The Alaska Industrial Development and Export Authority (AIDEA) recently approved participating in the following business loans. Each loan was brought to AIDEA by a qualified loan originator, which also participates in the loan with some of its own funds:
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August 24, 2007 - AIDEA Approves Phillips Cruises Loan Participation
The Alaska Industrial Development and Export Authority (AIDEA) Board of Directors recently approved a $4,500,000 (90%) participation in a business loan to Phillips Cruises and Tours, LLC of Anchorage. The $5,000,000 loan was brought to AIDEA by KeyBank, which originated the loan and is participating with a $500,000 portion.
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June 5, 2007 - AIDEA Approves Northstar Loan Participation
The Alaska Industrial Development and Export Authority (AIDEA) Board of Directors recently approved a $5,400,000 (90%) participation in a business loan to Northstar Auto, Inc. of Juneau. The $6,000,000 loan was brought to AIDEA by First National Bank Alaska, which originated the loan and is participating with a $600,000 portion.
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May 29, 2007 - AIDEA Approves Business Loans
The Alaska Industrial Development and Export Authority (AIDEA) recently approved participating in the following business loans. Each loan was brought to AIDEA by a commercial lender, which originated the loan and also participates in the loan with some of its own money:
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May 2, 2007 - AIDEA Approves Business Loans
The Alaska Industrial Development and Export Authority (AIDEA) recently approved participating in the following business loans. Each loan was brought to AIDEA by a commercial lender, which originated the loan and also participates in the loan with some of its own money:
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April 9, 2007 - AIDEA Funds Business Loans
The Alaska Industrial Development and Export Authority (AIDEA) recently funded the following business loans. Each loan was brought to AIDEA by a commercial lender, which originated the loan and also participates in the loan with some of its own money.
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March 23, 2007 - AIDEA Finances Adolescent Treatment Center in Fairbanks
The Alaska Industrial Development and Export Authority (AIDEA) today issued
$39,435,000 of Community Provider Revenue Bonds to finance the acquisition of land and the
construction, equipping and furnishing of a 120-bed residential adolescent psychiatric treatment
center to be located in Fairbanks.
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January 25, 2007 - AIDEA Signs with Sherwood to use Skagway Ore Terminal
The Alaska Industrial Development and Export Authority (AIDEA) announced that, after lengthy negotiations, on January 19, 2007, AIDEA concluded a User Agreement with the Vancouver, BC mining company Sherwood Copper Corp. and its wholly owned subsidiary, Minto Explorations, for use of AIDEA's Skagway Ore Terminal.
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January 4, 2007 - AIDEA's credit rating raised a second time in 14 months
The Alaska Industrial Development and Export Authority (AIDEA) announced that on December 19, 2006, Moody's Investors Service (Moody's) upgraded its credit rating to A1 from A2 on its revolving fund bonds.
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December 1, 2006 - AIDEA Board approves $10 million dividend
Today, at its last regular meeting of 2006, the AIDEA Board approved a dividend of $10 million to go to the state general fund for FY2008.
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July 26, 2006 - Former RCA Commissioner now at AIDEA and AEA
Jim Strandberg was recently hired as a Project Manager for the Alaska Industrial Development and Export Authority (AIDEA) and the Alaska Energy Authority (AEA).
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July 20, 2006 - Credit and Business Development at AIDEA has new Director
Chris Anderson was recently hired as Deputy Director of Credit and Business Development for the Alaska Industrial Development and Export Authority (AIDEA), the state's development financing agency.
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July 11, 2006 - AIDEA Board approves bond issue for Anchorage Sportsplex project
At its July 10 meeting, the Board of the Alaska Industrial Development and Export Authority approved a resolution to issue up to $12 million of conduit revenue bonds (the "Bonds") to a 501(c)(3) nonprofit corporation, Anchorage Sportsplex, Inc., to finance the construction and operation of a 711,000 square foot multi-use sports facility.
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May 19, 2006 - Bond Closing takes AIDEA over $1 Billion mark for its conduit revenue bond program
Today Alaska Industrial Development and Export Authority (AIDEA) announced the May 18th closing of $46,655,000 in conduit revenue bonds to finance construction of the Lake Dorothy Hydroelectric Project which will serve the Juneau area.
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May 12, 2006 - Governor reappoints Mike Barry to AIDEA Board
Governor Frank H. Murkowski has reappointed Mike Barry to the board of the Alaska Industrial Development and Export Authority (AIDEA).
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March 31, 2006 - AIDEA Board approves conduit bonds for AEL&P's Lake Dorothy Hydroelectric Project
At its March 29th meeting, the Alaska Industrial Development and Export Authority (AIDEA) Board approved the issuance of up to $60 million of tax-exempt conduit revenue bonds to finance construction of the Lake Dorothy Project to serve the Juneau area.
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December 8, 2005 - AIDEA Declares Dividend to State
At its December 5th meeting, the Board of Directors of the Alaska Industrial Development and Export Authority (AIDEA) voted to make available the sum of $16,649,500 as the annual dividend to the State.
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November 25, 2005 - AIDEA loan participation helps new manufacturing plant
Representatives from the Alaska Industrial Development and Export Authority (AIDEA) including Chair Mike Barry and Executive Director Ron Miller, will join a ribbon cutting ceremony for one of AIDEA's new loan participations, a manufacturing facility built by Condor Properties in a joint venture with Builder's Choice, Inc. (BCI) to manufacture modular housing units.
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October 14, 2005 - AIDEA Receives Upgraded Credit Rating and Signs New Operating Agreement for Ketchikan Shipyard
The Alaska Industrial Development and Export Authority (AIDEA) announced today that it recently received an upgraded rating from Standard & Pool (S&P) from "A-" to "A" rating. To add to the good news, yesterday its Board approved a new agreement with Alaska Ship and Drydock, Inc. (ASD) of Ketchikan for the operation of AIDEA's Ketchikan Shipyard.
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Archive Press Releases
7/31/2004 AIDEA Board
Counteroffer Accepted for Purchase of ASI
9/30/2003 Alaska
Seafood International announces plans to liquidate company
8/8/2003 Healy
Clean Coal Facility (GVEA and AIDEA Reach Agreement)
3/6/2003 Skagway
Ore Terminal
1/30/2003 New
Executive Director for AIDEA and AEA
8/21/2002 AIDEA
Receives $5 million for Ketchikan Shipyard
4/26/2002 AIDEA
Board declares Additional Dividend Contribution for 2003
4/26/200 AIDEA/AEA
Recipient of Two Green Star Awards
1/5/2001 ASI
Moves Forward
8/17/2001 AIDEA
Funds Loan to Purchase Northstar Hospital
12/15/2000 AIDEA
Board Declares $17.5 Million Dividend
3/8/2000 AIDEA,
GVEA Settle Healy Coal Plant Dispute
1/7/1999 Snettisham Hydro Cable
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