The purposes of AS 37.17.500 - 37.17.690 include
(1) administering the Alaska BIDCO assistance program related to loans and other financial assistance made or provided under AS 37.17.500 - 37.17.690;
(2) assisting in the formation and capitalization of one or more BIDCOs that have a highly qualified management team and a good business plan, and that are designed to operate in a profit-oriented, market-disciplined manner, with excellent prospects for long-term financial success and viability;
(3) promoting economic development by providing a new source of risk capital and management assistance for businesses, especially small- and medium-sized businesses, in geographic areas throughout the state, including businesses in rural areas and distressed areas, and including minority-owned businesses;
(4) using state resources to attract other capital resources; and
(5) promoting the successful operation of BIDCOs.
Section: Previous 37.17.010 37.17.200 37.17.400 37.17.440 37.17.500 37.17.510 37.17.520 37.17.530 37.17.540 37.17.550 37.17.560 37.17.570 37.17.580 37.17.590 37.17.600 NextLast modified: November 15, 2016