Head of state lending agency takes new job

Posted: Sunday, August 04, 2002

ANCHORAGE (AP) -- The executive director of the Alaska Industrial Development and Export Authority is stepping down to work for a Native regional corporation.

Bob Poe, 48, will take a job with ASCG Inc., an Anchorage-based architectural and engineering firm owned by Arctic Slope Regional Corp.

Poe's departure comes after two years heading AIDEA, a state development and lending agency, and a companion agency, the Alaska Energy Authority.

Poe has worked in some capacity for five governors, including a hitch under Gov. Tony Knowles as commissioner of administration, a job that saw Poe direct the state's Y2K preparedness.

AIDEA, established in 1967, is a big player in the state's economy, helping to develop major projects like the Red Dog zinc mine near Kotzebue, docks for coastal towns and many commercial buildings in Anchorage.

Poe led integration of AIDEA and the energy authority, sold a string of hydroelectric dams to the communities they serve, resurrected the Alaska Seafood International plant by recruiting a New York investor, worked with the Denali Commission to enhance rural energy and increased AIDEA's loan portfolio by teaming with commercial banks to finance projects like the new Dimond Center Hotel.

Poe leaves behind some problems, however, such as a new Healy coal-fired power plant that remains mothballed and mired in financial troubles. But Poe said he believes the project can be saved.

His resignation is effective Aug. 30. Jim McMillan, AIDEA's deputy director of credit, will be acting executive director until a replacement is found.

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