Alaska Direct Financial Incentives
Alsaka's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment.
Q1 2014
The Division of Economic Development serves as a lender of last resort offering direct lending in commercial fishing, fisheries enhancement, capstone avionics, small business and rural development.
The Alaska Industrial Development and Export Authority (AIDEA) through its Loan Participation program provides permanent financing, both taxable and tax-exempt, to borrowers through a qualified originator for the purpose of acquiring commercial real estate or equipment. The program provides the benefit of long-term fixed or variable rate financing on the portion of the loan purchased by AIDEA. Projects must be in Alaska and cover a wide variety of commercial facilities from hotels and office buildings to warehouses and manufacturing plants.
Grants/loans and equity partnering:
The Commercial Fishing and Agriculture Bank provides loans to fishing, tourism, natural resources, and agriculture-based projects.
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 the Alaska Industrial Development and Export Authority's Development Finance program is able to participate as an equity partner by using its ability to develop, own (in part or in whole) and operate basic installations and facilities within the state. These projects cover a wide variety of purposes including industrial roads; ports; airports; energy infrastructure; resource extraction; transportation; value-added processing; tourism and other public use facilities. These projects must advance the economic well-being and prosperity of an area within Alaska and generate adequate revenues to repay the bonds sold to finance the project. In all instances, the state recovers its investment and a modest rate of return through user fees and/or leases negotiated with the company utilizing the facilities.
Foreign-trade zones:
Five communities - Valdez, St. Paul, Fairbanks, Kodiak, and Anchorage - have been granted foreign-trade status.
Alaska State Contact:
Division of Economic Development
Alaska Department of Commerce, Community and Economic Development
PO Box 110800
Juneau, AK 99811
(907) 465-2500
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
Module Design Expands Allegheny County, Pennsylvania, Operations
07/14/2025
GMAX Industries Plans Winston-Salem, North Carolina, Production Operations
07/14/2025
ORBCOMM Expands Sterling, Virginia, Operations
07/14/2025
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