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Conservation group reports criticize Alaska development bank’s job-creation record

Posted on AllSides April 11th, 2024
From The Center

Alaska’s economic development agency inflates its job creation numbers and participates in wasteful loan practices, assert reports written by two Alaska economists and released by a conservation group on Wednesday. A report on the Alaska Industrial Development and Export Authority’s loan participation program says that over the last 15 years, the agency has created only 6% of the Alaska jobs it claims. Nearly all the jobs AIDEA says it created during that time would have been created anyway by loans provided by banks, without AIDEA’s involvement, the report asserts. The...

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