The 13 regional corporations in review: in 2004, the generated $3.4 billion and all but one reported revenue increases.
Alaska Business Monthly › Vol. 21 Nbr. 9, September 2005
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Alaska Native: BUSINESS NEWS
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The 13 regional corporations in review: in 2004, the generated $3.4 billion and all but one reported revenue increases.
Whether calculating operating revenues, work opportunities or social-economic impacts such as education scholarships, cultural programs or dividend payments, Alaska Native corporations are becoming financial powerhouses in the Last Frontier's economy.
In 2004, the 13 corporations generated $3.4 billion. Ten of the corporations posted profits, with Chugach Alaska Corp. providing the largest net income of $37.5 million to its shareholders. All except Sealaska reported revenue increases in 2004. "We all know that their influence, their employment and their effect on the economy has been growing pretty dramatically over the last 10 to 15 years," said Neal Fried, an economist with the state Department of Labor. Trying to track the Native corporations' portion of Alaska's job market is next to impossible, he said. "Most of the employment is not with the regional corporations but with subsidiaries and joint ventures." Diversified business operations has been a mantra for many Na...See the full content of this document
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