Alaska's AIDEA faces scrutiny over secretive deal with investment firm tied to gubernatorial candidate Adam Crum
By
Dermot Cole
Summary
The article reports on the Alaska Industrial Development and Export Authority (AIDEA) potentially doing business with an investment firm called "Frontier Economic Fund" (or "Prospr Aligned"), which former Revenue Commissioner Adam Crum claimed to have helped establish before resigning in 2025 to run for governor. The AIDEA board meeting agenda indicates this topic will be discussed in secret, with no public information available about the specifics of the deal. The article criticizes AIDEA's lack of transparency and raises concerns about potential conflicts of interest involving Crum, who is now a gubernatorial candidate.
Source
bskyAlaska's AIDEA faces scrutiny over secretive deal with investment firm tied to gubernatorial candidate Adam Crumdermotcole.comKey quotes
· 3 pulledAs is typical with AIDEA, there is no public information to determine what exactly the state wants to do with the so-called 'Frontier Economic Fund' or why.
The agenda for the meeting says there is a public presentation to be made on the 'AKAF,' but the slides that purport to contain information about the public presentation do not mention the Frontier Economic Fund.
AIDEA needs to provide Alaskans with information on what business it intends to conduct with an investment firm that former Revenue Commissioner Adam Crum claimed to have helped set up before he quit his state job in 2025 to run for governor.
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