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AIDEA Board Approves $23.4 Million Dividend

FY 2011 Dividend to State Third Highest Ever

(Anchorage) - At its final meeting of 2009 on Dec. 9, the Alaska Industrial Development and Export Authority (AIDEA) Board of Directors approved a dividend of $23,423,000 to the State general fund for FY2011.

The dividend represents 50 percent of AIDEA's FY2009 Revolving Fund base year statutory net income of $46.8 million.

"Today's dividend announcement is good news for Alaskans," said AIDEA Executive Director Ted Leonard. "Our 2009 dividend to the State is a great example of AIDEA's valuable contribution to Alaska's economy."

Since the dividend program began in 1996, AIDEA has declared more than $274.7 million to the State, including the $23.4 million approved Dec. 9.

The Alaska Industrial Development and Export Authority is a public corporation of the state. AIDEA's purpose is to promote, develop and advance the general prosperity and economic welfare of the people of Alaska.

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