AIDEA Board Approves $14.475 Million Dividend
FY2021 dividend to state general fund puts AIDEA over $422 million declared
ANCHORAGE—The Alaska Industrial Development and Export Authority (AIDEA) approved a dividend of $14,475,000 to the state general fund for FY2021.
“We are pleased to announce this dividend to the State of Alaska,” said AIDEA Board Chairman Dana Pruhs. “Our dividends further underscore AIDEA’s valuable contribution to Alaska’s economy.”
The Board determines the amount of AIDEA’s annual dividend that is made available to the Legislature for appropriation. Alaska Statute provides a range for the dividend calculation, and the Board chose to pay the FY2021 dividend at the maximum amount.
Since the dividend program’s inception, AIDEA has declared more than $422 million to the state, including the $14.475 million approved for FY2021.
Making History
The track of oil and gas development in Alaska shows the footprints of bold companies and hard-working individuals who shaped the industry in the past and continue to innovate today. The May 2024 issue of Alaska Business explores that history while looking forward to new product development, the energy transition for the fishing fleet, and the ethics of AI tools in business.