The Alaska Native Regional Village Corporations (Alaska Native Corporations or ANCSA Corporations) were established in 1971 when the United States Congress passed the Alaska Native Claims Settlement Act (ANCSA) which settled land and financial claims made by the Alaska Natives and provided for the establishment of 13 regional corporations and 229 village corporations to administer those claims.
The stronger the Alaska Native Corporations are economically, the greater the chance for cultural perseverance. The economic strength results in a stronger voice in state policies, and it allows for the creation of new entities which are building their own enduring foundations. For example, some of the foundations created by the corporations have significant endowments. Also, profits developed through business ventures allow the firms to distribute dividends and generate wealth from diverse operations, including those utilizing the natural resources from the land. The corporations also make contributions and support scholarships that help promote continued progress. Scholarships, combined with future employment opportunities, result in significant and long-term positive social impact for Alaska Natives.
Division of Community and Regional Affairs
Department of Commerce, Community, and Economic Development