AIDEA Creates Billion Dollar Loan Guaranty Program

AIDEA Creates Billion Dollar Loan Guaranty Program

Sustaining Alaska’s Future Economy Guaranty Program (AK SAFE) was recently approved by the Alaska Industrial Development and Export Authority (AIDEA), to confront the economic impacts resulting from the COVID-19 pandemic. AIDEA will make up to $50 million available for loan guarantees under AK SAFE, and subject to authorization for a statutory change, AIDEA will increase the program cap to $1 billion.