AIDEA plans to pay dividend

Posted: Tuesday, December 19, 2000

ANCHORAGE (AP) -- The Alaska Industrial Development and Export Authority plans to pay a $17.5 million dividend to the state treasury next year, based on its fiscal 2000 profit of $35.6 million.

The state agency is a key source of business loans and development funding, from small projects to multimillion-dollar efforts.

Since 1996, the agency has turned over 25 percent to 50 percent of its profit to the state general fund. Since then, the agency's board has authorized $109 million in dividends, AIDEA said.

''The AIDEA dividend is part of the state's long-range financial planning, and we're proud to be able to make a good return on the state's investment,'' said Bob Poe, the agency's executive director.

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