AIDEA loan participation helps new plant.

• Position: MANUFACTURING

Representatives from the Alaska Industrial Development and Export Authority (AIDEA), including Chair Mike Barry and Executive Director Ron Miller, joined a ribbon-cutting ceremony recently for one of AIDEA's new loan participations, a manufacturing facility built by Condor Properties in a joint venture with Builders' Choice Inc. (BCI) to manufacture modular housing units.

"In-state manufacturing facilities built by Alaskans to produce products for the Alaska market are the types of economic development projects that AIDEA supports with its loan-participation program," Miller said. "We are pleased Northrim Bank brought this loan to us."

Condor Properties owns the real property that BCI occupies. BCI, an Alaska S-Corporation, is a wall panel, roof and floor truss design and manufacturing company that sells primarily in the Anchorage and Mat-Su areas, and statewide in Fairbanks, Tok, Glennallen, and on...