Learning business skills from Alaska Native Corporations

Alaska Native Corporations

12 regional Native Corporations, created by the Alaska Native Claims Settlement Act of 1971, span Alaska. Village Corporations around Alaska also supplement the 12 regional ones. This map was created by the Alaska Department of Labor and Workforce Development in July of 2012.

Josh Hartman/ Sun Star

The top four highest grossing Alaskan-owned companies are all Alaska Native Corporations. The lead is Arctic Slope Regional Corporation with $2.5 billion in gross revenue, according to Alaska Business Monthly. The corporations self-report this information to Alaska Business Monthly.

To learn more about the history of the Alaska Native Corporations and the ANCSA, the Great Alaskan Accounting People, a student organization at UAF, is sponsoring a seminar on the topic. This event will take place on Wednesday, Feb. 4 in Murie Auditorium. The seminar starts at 6 p.m. but there will be light refreshments starting at 5 p.m.

Alaska Native Corporations are part of the regional and village corporations created by the Alaska Native Claims Settlement Act (ANCSA). ANCSA was passed in 1971 and was signed by President Nixon. The act gave Alaska Natives back 44 million acres of land and paid $962.5 million to compensate for the land that the State kept.

There are 12 regional corporations that encompass the state of Alaska in addition to over 200 village corporations. There is also a thirteenth corporation for Native Alaskans living outside of Alaska.

There will be four guest speakers: Mark Hamilton, Garry Hutchison, Daniel Mitchell and Charlene Ostbloom. The speakers are from Arctic Slope Regional Corporation, “Kohler, Schmitt & Hutchinson PC”, KPMG and Doyon Limited respectively. These businesses are accounting firms and Native Corporations.

The Great Alaskan Accounting People’s objective is to develop accounting students into “confident and qualified” professional accountants.

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