The Aleut Corporation

The Aleut Corporation, or TAC, is one of thirteen Alaska Native Regional Corporations created under the Alaska Native Claims Settlement Act of 1971 (ANCSA) in settlement of aboriginal land claims. The Aleut Corporation was incorporated in Alaska on June 21, 1972.[1] Headquartered in Anchorage, Alaska, The Aleut Corporation is a for-profit corporation with approximately 3,410 Alaska Native shareholders,[2] primarily of Aleut descent originating in the Alaska Peninsula, Aleutian Islands, Pribilof Islands, and Shumagin Islands of Alaska.[3]

Under ANCSA, The Aleut Corporation received a settlement of $19.5 million. Its land entitlement included 66,000 acres (270 km2) of surface lands and 1.572 million acres (6,362 km2) of subsurface estate.

Officers and directors

A current listing of The Aleut Corporations' officers and directors, as well as documents filed with the State of Alaska since TAC's incorporation, are available online through the Corporations Database of the Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development.[1]

Shareholders

At incorporation, The Aleut Corporation enrolled 3,249 Alaska Native shareholders,[2] each of whom received 100 shares of TAC stock. As an ANCSA corporation, TAC has no publicly traded stock and its shares cannot legally be sold.

Lands

Under ANCSA, The Aleut Corporation was entitled to 66,000 acres (270 km2) of surface lands and 1.572 million acres (6,362 km2) of subsurface estate. Most of TAC's land selections were made on the Alaska Peninsula and in the Aleutian Islands, Shumagin Islands, and Pribilof Islands.

Enterprises

TAC's primary business areas are in the areas of government contracting, telecommunications, environmental remediation, real estate management, trust management, sales of sand, gravel, mineral, and rock aggregates, and investments in oil and gas producing properties and marketable securities. Under federal law, The Aleut Corporation and its majority-owned subsidiaries, joint ventures and partnerships are deemed to be "minority and economically disadvantaged business enterprise[s]". This family of businesses is exempt from the Civil Rights Act of 1964, meaning their employment policies are allowed to be discriminatory.(43 USC 1626(e)).

Company Headquarters Type of
subsidiary 		Enterprises
Aleut Enterprise LLC Anchorage Fuel and commercial and residential properties, chiefly in Adak, Alaska.
ALEUT Management Services, LLC Colorado Springs Facilities and systems management, communications, and information technology.
Alaska Trust Company Investment management and trust services.
Ki, LLC 25% owner; 75% owned by NANA Development Corporation, a subsidiary of NANA Regional Corporation Communications, information technology, logistics, visual information, maritime, simulator, base Operations support, and other technical and management services.
Akima Corporation Project management, facility operations, and technical and logistic support.
The Aleut Foundation Original enrollees of The Aleut Corporation and Isanotski Corporation and their descendants and beneficiaries the Aleutian Pribilof Islands Restitution Trust and their descendants.
Ounalashka Corporation Unalaska Commercial and residential properties, chiefly in Unalaska, Alaska.

Citations

  1. ^ a b Corporations Database.
  2. ^ a b The Aleutian Corporation, 2007.
  3. ^ "Alaska's Wildest, Weirdest Frontier". 9 August 2016.

References