Weeks before a new Democratic governor takes office, the Alaska Industrial Development and Export Authority (AIDEA) has committed over $200 million in new spending since August.
The spending spree includes a $25 million investment in a nuclear energy startup, $36 million for a controversial mining road, and up to $75 million for a new state-owned broadband company. Randy Ruaro, AIDEA's executive director, stated they are "trying to push everything forward" in line with their mission. This aggressive push by state officials is occurring just prior to Democrat Jonathan Kreiss-Tomkins becoming Alaska’s next governor on December 7, suggesting an attempt to advance projects that may face increased scrutiny under the new administration. AIDEA has previously faced criticism for investments in Arctic oil and gas exploration and controversial mining.
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