In FY2017, Ahtna reported spending $12.8 million on shareholder benefits, including $1.5 million in dividends, $8.7 million in wages and benefits, and $2.2 million for charitable contributions, burial assistance, cultural camps, and scholarships. While 2016 was a good year for The Aleut Corporation, 2017 was even better. According to the ANCSA Regional Association, because some land areas were richer in natural resources and had more potential for economic development, it was necessary to provide for other regions that did not have that advantage. Seventy percent of the revenue is disbursed to the other Alaska Native regional corporations and the remaining 30 percent is kept by the regional corporation that developed the natural resource. Over the past eight years, Bethel-based Calista Corporation has more than doubled its annual revenue, which exceeded $480 million in FY2017, slightly less than 2016. Alaska Business Monthly Magazine named multiple native corporations from Western Alaska as part of the “Top 49ers” last week. In 2016, Chugach sold the “below-ground” coal rights in the Bering River Coal Field. Since 1972, Sealaska has paid $643.1 million in shareholder dividends and ANCSA 7(i) distributions. Broadly, aquaculture refers to the cultivation of numerous species of fish and aquatic plants, such as shellfish, algae, and finfish, as well as enhancement and restoration projects designed to increase wild populations of specific species, says Heather McCarty, vice-chair of the Alaska Mariculture Task Force. haring revenues from natural resource development is one of the core tenets of ANCSA, which granted village corporations the surface rights and regional corporations the subsurface rights to the lands that were conveyed to them in the agreement. Based on the $8.4 billion in revenue reported to the ABM Top 49ers report, ANCSA Regional Corporations accounted for 16.7% of the Alaska GDP. According to the ANCSA The project is part of an effort to develop long-term storage of carbon to mitigate or defer global warm-ing. Kally Greene-Gudmundson, NANA Regional Corporation. companies, the “Top 49ers,” all twelve ANCSA Regional Corporations were on the “The largest percentage of our shareholders is concentrated on Kodiak and Kodiak is our homeland, so we make a concerted effort to have a strong presence on Kodiak.”. Alaska's 12 regional Native corporations doubled the size of their business operations between 2004 and 2008, a new report shows. The documentary shares the story of the company’s early leaders, from their fight for land before statehood to the signing of the Alaska Native Claims Settlement Act to today’s planning process to expand opportunities for ASRC’s shareholders, the corporation’s president and CEO says in a news release. Village and urban corporations are not required to distribute any of this revenue sharing to other village corporations or to regional corporations. In FY2017, NANA received $247 million in net proceeds from Red Dog Mine and $154.4 million was shared through 7(i). Next week we'll reveal their 2018 rank. Ahtna continues to look for ways to diversify its portfolio, with the aim that no one sector comprises more than 50 percent of its business.One of Ahtna’s biggest local projects was the Tolsona No.

The remaining 10 percent is derived from its energy and water services sector, a Kodiak-based granite quarry, and tourism operations. While gross revenue is a sometimes-criticized measure, it has now been reported to ABM consistently for decades and is a good measure of economic activity. Privacy Policy | Terms & Conditions, Alaska Native Regional Corporation Review. The Top 49ers designation takes into consideration Alaskan-owned and operated companies’ annual gross revenues. In its 2017 annual report, Bristol Bay Native Corporation (BBNC) notes that its “Fish First” philosophy, on which its culture is based, has been a guide for the corporation’s operations. “CIRI marked 2017 as one of its most profitable in a decade,” according to Minich. Until then, here's what BBNC and all 11 other #AlaskaNative Regional Corporations were up to this year: https://t.co/9Rmk1fh3gG pic.twitter.com/Tb87WjCcI6, In 2017, Bering Straits Native Corporation (@BSNC_HR) cracked the top ten of our #Top49ers list. Although the corporation maintains offices in Anchorage, Koniag relocated its headquarters to Kodiak in 2010. In a presentation today to the Anchorage Chamber of Commerce, Will Anderson, Jr., President of the ANCSA Regional Association and President and CEO of Koniag, Inc., noted that with many different fiscal year-ends among the regional corporations, 2008 data is the most current available. These corporations – created under the Alaska

Total corporate assets were $4.61 billion, an increase of 5%. The BP contract continues a forty-year relationship between the companies, one of the most enduring contracts on the North Slope. In FY17 alone, Alaska Native regional corporations had a combined revenue of $9.1 billion and employed more than 15,000 people in Alaska with a combined statewide payroll of more than $950 million. The corporation also contributed $1.5 million in cash and in-kind donations to the Sealaska Heritage Institute. Chugach also has pledged an additional $12.5 million through a new trust that will allow any follow-on contributions to the Chugach Heritage Foundation endowment pledge to be tax-deductible.

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