The Division of Economic Development (DED) supports the growth and diversification of Alaska’s economy through business assistance, financing, promotion, and public policy. The division works closely with industry leaders, allied agencies, and economic development organizations across the state, including the 11 state designated Alaska Regional Development Organizations.
Critical to the growth of Alaska’s economy is DED’s support of Alaska’s small businesses through technical assistance and the promotion of Alaska’s manufacturing sector through the Made in Alaska and Alaska Product Preference programs. Equally critical is the provision of capital to businesses that would not otherwise qualify for private-sector lending. DED currently administers 10 revolving loan funds broadly serving Alaska’s small businesses with total assets approaching $200 million.
Showcasing Alaska’s abundant economic opportunity found in its natural resources, human capital, and emerging industries, DED actively promotes Alaska’s business climate via its Alaska: North to Opportunity campaign. The division’s tourism marketing program promotes Alaska as a visitor destination across the globe and plays a fundamental role in attracting the nearly two million visitors who travel to Alaska each year.
The Financing Section administers loan programs designed to promote Alaska industries.
The Development Section provides specialized assistance to Alaska industries.
Toll Free Hotline 1-800-478-5626 within Alaska