AIDEA receives $5 million for Ketchikan Shipyard.

• Position: General

The Alaska Industrial Development and Export Authority was awarded a $5 million federal grant recently from the U.S. Department of Commerce, Economic Development Agency in Ketchikan. This grant represents 50 percent funding of a $10 million project to develop a second shiplift at the Ketchikan Shipyards, owned by AIDEA.

Dr. David Sampson, assistant secretary of commerce for economic development, presented the oversized check to Jim McMillan, deputy director of credit for AIDEA, saying the grant is one of the largest he will give out this...