AIDEA Optimistic About Seafood Plant's Future.

• Position: Alaska Industrial Development and Export Authority - Alaska Seafood International - Brief Article

Officials from the Alaska Industrial Development and Export Authority continue to work with Taiwanese investors to cement a reorganization of Alaska Seafood International. The reorganization restructures approximately $25 million in project debt and new operating capital, creates a new Alaska Seafood International board of directors and gives both AIDEA and Bank SinoPac 22.5 percent equity ownership in the venture.

The AIDEA board of directors approved the reorganization plan last October. "AIDEA and our Taiwanese partners are making an investment in Alaska's future," said Bob Poe, executive director of AIDEA. "By reorganizing the board and the leadership...