Alaska Direct Financial Incentives 2010
Alaska's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include loan programs, foreign trade zones, and grants/loans and equity partnering.
Feb/Mar 10
The Alaska Industrial Development and Export Authority provides financing to in-state businesses through its umbrella bond program. It assists businesses in securing long-term financing for capital projects and assists business and industry involved in international trade.
Grants/loans and equity partnering:
The Commercial Fishing and Agriculture Bank provides loans to fishing, tourism, natural resources, and agriculture-based projects. The Division of Investments provides loans to fishing enterprises and other small business ventures.
Alaska Growth Capital provides financing to nontraditional borrowers/businesses that use innovative technology, are in rural Alaska, and are minority-owned.
The state of Alaska, through Alaska Industrial Development and Export Authority (AIDEA), is able to participate as an equity partner in minerals development. In recent years, AIDEA has financed the transportation system, including the 52-mile road and upgrades to the port that serves the Red Dog Mine in northwest Alaska. AIDEA financed the remodeling and upgrading for the Skagway ore terminal that serves Yukon base-metal mines through the Alaska port city of Skagway. Additionally, AIDEA has assumed an equity interest in Alaska's only export coal terminal located in Seward. In all instances, the state recovers its investment and a modest rate of return through user fees negotiated with the mineral company using the facilities.
Foreign-trade zones:
Five communities - Valdez, St. Paul, Fairbanks, Kodiak, and Anchorage - have been granted foreign-trade status.
Alaska State Contact:
Joe Austerman, Acting Director
Office of Economic Development
Alaska Department of Commerce, Community and Economic Development
Office of Economic Development
550 West 7th Avenue, Suite 1770
Anchorage, AK 99501
(907) 269-8100
Incentive and tax information is provided to Area Development by each state's economic development or commerce agency for information purposes only and is subject to revision at any time by the state government. Please contact the state agency directly for full requirements and offerings.
Project Announcements
Alaska Airlines Expands Facility Hub at Seattle, Washington Airport
05/07/2018
Apple Builds New Reno, Nevada, Facility, Searches for New U.S. Campus Site
01/18/2018
Bidding War Begins to Lure Toyota-Mazda $1.6 Billion Joint Venture Assembly Plant
08/07/2017
Manufacturers Less Optimistic About Overall Economy; Express Confidence in Their Own Revenue Growth
07/20/2016
Cushman & Wakefield Reports on Continuing Momentum for Industrial Real Estate Markets
07/15/2016
American Fast Freight To Open 6,000 Square Foot Terminal In Kodiak, Alaska
04/08/2014
Caelus Energy Enters Energy Exploration Arena On Alaska’s North Slope
10/28/2013
Three Firms Planning LNG Project Choose Nikiski, Alaska, As Lead Site For The $45-$65 Billion Project
10/10/2013
Analysis: Only Nine States Have Posted Overall Job Gains in Past Five Years
12/27/2011
Overall Unemployment Declined in June, Bureau of Labor Statistics Reports
07/20/2010
Alaska Exports Rebounded As 2009 Ended
03/16/2010
GE Appliances Expands Jefferson County, Kentucky, Operations
06/30/2025
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
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