Alaska Native corporation faces difficult times
Monday, November 3, 2008
Filed Under:
Business
Alaska Native corporations have seen success in recent years but one of them is being left behind.
The 13th Regional Corp. is one of 13 regional corporations that were set up by
Alaska Native Claims Settlement Act.
It originally represented Alaska Natives who weren't legal residents of Alaska when the law was passed in 1971.
Unlike the other regional corporations, the 13th did not receive any land. It received $54 million after a court fight with other Alaska Natives.
The corporation now has 5,500 shareholders but many have no idea about its finances. "I can't get any information," former president Liz Ross told The Anchorage Daily News.
Revenues grew in the 1990s thanks to government contracting but they have dramatically fallen in the last four years.
Get the Story:
Native 13th Regional Corp. future murky at best
(The Anchorage Daily News 11/1)
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