Alaska Division of Investments

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Department of Commerce, Community, & Economic Development
Alaska Division of Investments
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Promote economic development.

Provide interagency and interdepartmental loan servicing of other loan portfolios that increase operational efficiencies.

Protect the State's investments in the loan funds under administration and provide a return on capital when it does not impair program missions.

End Result A: Economic development through direct state lending in industries and areas that are not adequately serviced by the private sector.

	Four aircraft were equipped with Capstone Avionics equipment in FY2009.
	Financing to Alaska private non-profit aquaculture corporations produced $109.8 million hatchery-reared salmon in 2008, far exceeding the goal of $45 million.
	583 jobs were created or maintained in the Alaska commercial fishing industry in FY2009 through revolving loans, exceeding the goal of 400.
	70 jobs in rural Alaska were created or maintained with Rural Development Initiative Funds and Small Business Economic Development loans in FY2009, 20 fewer jobs than targeted.

End Result B: Manage loan portfolios for other agencies.

New loans were made equaling $5 million in FY2009, far exceeding target of $1.6 million.

End Result C: Return of capital to the state through effective financial management of loan funds.

$7.2 million in net earned revenue was generated from loan funds in FY2009, exceeding the target of $4.5 million.

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Current as of Oct 28 2009 10:18:17