Enter your Email:

Preview | Powered by FeedBlitz

What's New

Alaska Economic Update 

About Alaskanomics

Northrim Bank launched the Alaskanomics blog to provide news, analysis and commentary on Alaska’s economy. With contributions from economists, business leaders, policy makers and everyday Alaskans, Alaskanomics aims to engage readers in an ongoing conversation about our economy, now and in the future.

« Alaska's Household Income Down 2.2% | Main | Home Loan Activity Increases 24% Over 2nd Quarter 2009, Refinance Activity Continues to Slow »

Monday, October 04, 2010

ANCSA regional corporations are "economic powerhouses"

The ANCSA Regional Association has issued "Transformations," its ninth economic report on the economic impact of Alaska's 12 regional corporations for 2008. In a presentation today to the Anchorage Chamber of Commerce, Will Anderson, Jr., President of the ANCSA Regional Association and President and CEO of Koniag, Inc., noted that with many different fiscal year-ends among the regional corporations, 2008 data is the most current available. The report highlights the combined financial performance of the regional corporations:

  • Revenues totaled $6.89 billion, an increase of 17% over 2007
  • Total corporate assets were $4.61 billion, an increase of 5%
  • Total worldwide employment was 35,430, an increase of 15%
  • Total dividend payments were $171 million, an increase of 39%
  • Alaska employment was 13,848, and Alaska payroll was $774 million

ANCSA regional corporations have the top 5 spots in Alaska Business Monthly's list of Alaska's Top 49 Alaskan-owned businesses, and all 12 regional corporations appear on the list, along with several village corporations. View the full report here.

,

Posted by at 02:34 PM in Alaska Native Corporations, Alaska's Economy |

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.