Native Corporations

Stevens, Young defend contracts for Native corporations

For the past two years, some members of Congress have scrutinized and tried to limit the controversial federal contracting advantages that spurred the recent rapid growth of many Alaska Native corporations.

Bristol Bay Native Corp. tops $1.3 billion in revenue

Bristol Bay Native Corp. generated more than $1 billion in revenue for the second year in a row this year. The Anchorage-based company posted revenue of $1.3 billion, up 29 percent, as its Pacific Northwest fuel sales and government contracting businesses showed strong sales growth for its fiscal year, which ended March 31.

Sealaska offers credit protection to shareholders

Sealaska Corp. arranged credit protection service for its shareholders after company data was stolen from one of its employees.

Yukon Flats villages opposed to drilling

A complex land trade that would hasten oil and gas exploration inside the Yukon Flats National Wildlife Refuge continues to draw protest from villages, despite a promise of jobs and revenue from the region's big Native corporation, Doyon Ltd.

Sealaska's proposed land deal raises worries

An Alaska Native corporation will receive tens of thousands of acres of federally owned land -- including prime timberland and sacred tribal sites -- under legislation being advanced by U.S. Rep. Don Young. Sealaska Corp. claims it was shorted of land given to the other 12 regional Native corporations under the 1971 Alaska Native Claims Settlement Act.

Battle over CIRI proxies leads to a countersuit

A new battle over Cook Inlet Region Inc.'s leadership has erupted, raising questions about whether some of the company's newly elected directors will keep their jobs.

First IMAX theater joins CIRI mall lineup

In addition to a Target and several other stores new to the Anchorage retail scene, a new mega-mall rising out of the gravel in Muldoon will offer up the state's first IMAX theater and possibly a new hotel.

Doyon prepares for Army utility overhaul

A regional Native corporation is preparing to take over utility services on three Army posts in Alaska.

Alpine field boosts Arctic Slope profits to $208 million

Arctic Slope Regional Corp. is getting closer to breaking the $2 billion mark. The Barrow-based Native corporation generated $1.77 billion in revenue last year with a profit of $208 million, according to the company's recently published annual report.

Black businesses mend fences with Native corporations

Last week, the National Black Chamber of Commerce brought more than 20 black business executives into Anchorage to network with Alaska Native firms.

$2 billion hidden from taxes

When the Pentagon announced that an obscure California company partly owned by an Alaska Native corporation had won a lucrative military contract, no one mentioned any plans for a Caribbean outpost -- a tropical shell the company quickly created that allowed it to duck millions in taxes and deflect U.S. lawsuits.

CIRI's profit falls, net worth grows in '07

Cook Inlet Region Inc. announced this week that it made a $56 million in profit in 2007.

Court rejects elder benefits suit

The Alaska Supreme Court has rejected a lawsuit by two Cook Inlet Region Inc. shareholders who sued to stop their company's quarterly payouts to elders.

Ousted Doyon executive lands seat on board

Shareholders of Fairbanks-based Doyon Ltd. on Friday night showed their discontent with their board of directors' recent decision to boot the company's top executive.

Hundreds attend land swap discussion

FAIRBANKS -- Several hundred people attended a discussion on a proposed land swap between Alaska's largest private landowner and the federal government, with most opposing the swap.

Land swap up for comments

The draft environmental impact statement for a proposed exchange of land between Doyon Ltd. and the U.S. Fish and Wildlife Service in the Yukon Flats region of interior Alaska is out for public review. And, judging by the past controversy surrounding the proposed deal, comments should come a plenty.

Hundreds attend land swap discussion

Native corporation in dispute over name

Doyon, the Alaska Native regional corporation in the state's interior, is in a dispute with a group of shareholders over naming rights.

Inside Alaska business

Kootznoowoo pays dividends

Shareholders in Kootznoowoo, Angoon's village corporation, have received a dividend of $3.27 per share. Most have 100 shares, meaning the payout was $327, company officials said.

Funds keep alive land swap efforts

The U.S. Fish and Wildlife Service has received money that will allow work to continue on a proposed land swap in the Yukon Flats National Wildlife Refuge with Doyon Ltd., the Alaska Native regional corporation covering much of Interior Alaska.

New group to guide villages in business

Alaska Native village corporations formed a statewide group Friday to represent their common interests and stimulate their economic growth.

New state group to guide villages in business

Alaska Native village corporations formed a statewide group Friday to represent their common interests and stimulate their economic growth. Congress created the village corporations along with 13 regional corporations under the Alaska Native Claims Settle