Alaska Industrial Development and Export Authority
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. HistoryThe 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] Environmental criticismThe AIDEA has been criticized by environmental groups for its support of oil drilling in the Arctic National Wildlife Refuge.[4][5] See alsoReferences
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