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ANCSA Regional Corporations: Mature, and Growing!. Steve Colt Institute of Social and Economic Research University of Alaska Anchorage afsgc@uaa.alaska.edu Web site: http://local.uaa.alaska.edu/~afsgc/ Alaska Bar Association 18 October 2000. History. 1971 – ANCSA Passed

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ancsa regional corporations mature and growing

ANCSA Regional Corporations:Mature, and Growing!

Steve Colt

Institute of Social and Economic Research

University of Alaska Anchorage

afsgc@uaa.alaska.edu

Web site:

http://local.uaa.alaska.edu/~afsgc/

Alaska Bar Association

18 October 2000

history
History
  • 1971 – ANCSA Passed
    • Regional corps promised $6,000 per shareholder in start-up capital
    • Plus land (!)
  • 1976 – Corporations began operations
  • 1980 – Cash distribution completed
    • Much of asset base in financial assets
history1
History
  • 1980-1986
    • Active investments, mostly within Alaska
    • Some major losses
  • 1986-1990
    • Reorganization, rethinking
    • Shareholder permanent funds
  • 1990s
    • New beginnings, new directions
history2
History
  • 1970s – Childhood
  • 1980s – Adolescence
  • 1990s – Young Adults
  • Childhood = 1976 – 1992
  • Adulthood = 1993 – 1998
total revenues 000
Total Revenues ($000)

Avg growth: 76-92=13.8% , 92-98 = 17.9%