Alaska Native corporations reach $5B in revenues

Alaska Native corporations are generating more than $5 billion in revenues, according to a forthcoming report.

The 13 regional corporations, plus three village corporations, reported $5.86 billion in revenue in 2005, according to the Alaska Native Corporations 2005 Economic Data report. That's a 39 percent increase from 2004.

The profits from the 16 firms was $361 million. That's more than double the $125 million in 2004, the report said.

The report showed that revenues are now more evenly distributed among the corporations. For years, the Arctic Slope Regional Corporation represented the lions' share of revenues but now two other corporations have reached or are near the $1 billion mark.

Get the Story:
Native firms hit $5 billion mark (The Anchorage Daily News 7/12)

Related Stories:
Alaska Native corporations cite impact on economy (7/10)
Alaska Native corporation hits $1B in revenues (06/22)
Arctic Slope Regional Corp. reports $1B in revenues (05/10)
Alaska Native corporations a major force in state (11/15)
Column: Alaska Natives abuse minority contracting (11/13)
Alaska Native contracting program questioned (07/17)
Alaska Native contracting comes under attack (6/22)
House hearing on Alaska Native corporation contracting (6/21)
GAO calls for more oversight of Alaska Native contracts (04/28)
Sen. Stevens defends Alaska Native contracting (04/13)
GAO warns of Alaska Native contract abuse (4/12)
Business Week: Choctaws land shady Katrina contract (4/5)
Alaska Native corporations await GAO report (03/20)
Defense rider targets Alaska Native contracting (4/25)
Opinion: Congressional probe will hurt Indian business (03/21)
Alaska Native corporation contracts under scrutiny (3/7)
Non-Native companies benefit from Native contracting (08/13)
Alaska Native subsidiary wins defense contract (06/29)
Alaska Native subsidiary awarded NASA contract (06/25)
Native firm leases Stevens building for $6M (12/18)
Supreme Court rejects appeal of Native preference case (12/16)
Court rejects union claim against Native contract (06/09)
Native corp close to $2.5B contract (09/09)
Alaska Native deal criticized (6/14)
Native Corp. survives bankruptcy (5/30)