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Key to Success
Highlights
About The Cover
‚ hunters to procure sea otters for the Russian fur market, introducing a cash economy to the place that would become the state of Alaska. Then in 1799…
For a more condensed (and up-to-date) report, this month’s cover story “From Scarcity to Abundance” by Jamey Bradbury describes the new tack for Aleut into energy, retail, finance, tourism, and high tech. CEO Skoey Vergen, a self-described “IT nerd,” is empowering his team to capitalize on assets like the disused US Navy base at Adak, pictured in silhouette with a gleam of potential illuminating the island. The Aleutian region, where the modern world first touched Alaska, is pointing the way into tomorrow.
Cover Design by Patricia Morales
-
Editorial
Tasha Anderson, Managing Editor
Scott Rhode, Senior Editor
Rindi White, Associate Editor
Emily Olsen, Editorial Assistant -
PRODUCTION
Monica Sterchi-Lowman, Art Director
Fulvia Caldei Lowe, Production Manager
Patricia Morales, Web Manager -
BUSINESS
Billie Martin, President
Jason Martin, VP & General Manager
James Barnhill, Accounting Manager -
Sales
Charles Bell, VP Sales & Marketing
907-257-2909 | cbell@akbizmag.comChelsea Diggs, Account Manager
907-257-2917 | chelsea@akbizmag.comWeston Giliam, Account Manager
907-257-2911 | wgiliam@akbizmag.comTiffany Whited, Marketing & Sales Specialist
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Contact
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From the Editor
’m of the generation that grew up watching Bob Ross make “happy accidents,” seeing the value and beauty of overly exuberant or unintended brush strokes. This December issue feels like one of those happy accidents—including an initial momentary panic.
I originally planned several articles and features that didn’t work out, for one reason or another, making my mid-October a little frantic as I worked to pull an issue together that felt like it was falling apart.
For example, this month’s construction story about the Nuniaq Community and Tsunami Shelter, “Old Harbor Welcomes Its New Heart,” replaces an article that just had bad timing; the originally planned article remains a great idea, but December ended up being the wrong issue. “Old Harbor Welcomes Its New Heart” allows us to feature a collaboration of several Alaska Native organizations, linking it to the special section; to highlight a project that fosters community growth and provides a gathering space and shelter to residents in time of need; and to credit the incredible constructors and transporters who got the job done.
aying for a college education is an investment. But for many students, the cost of in-state versus out-of-state tuition can determine where they enroll. This is especially true in Alaska, where cost and distance often determine whether out-of-state students can afford to matriculate to the 49th State.
UAS has met this challenge head-on by introducing the Alaska Unlocked initiative to make its campuses throughout Southeast financially accessible to students who aren’t Alaska residents. Beginning with the 2026 fall semester, out-of-state undergraduates will pay in-state tuition—a savings of approximately $14,472 per academic year.
“UAS has wanted to offer in-state tuition for all undergraduate students for some time,” says Vice Chancellor of Enrollment Management and Student Affairs Lori Klein. “It is a risk; it is a revenue loss. But we need to open up pathways to bring in students from other places.”
University of Alaska Fairbanks
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www.uaf.edu/corporate-partnerships/
ver the past decade, I’ve worked with dozens of companies—mostly in Alaska—to scale from $10 million to $50 million and beyond. Several are approaching $100 million.
These aren’t tech startups. They don’t sell software. Most are in construction. Some are in healthcare. Others are in traditional markets. Many have doubled or tripled revenue in three to five years. Several grew their valuations by ten times.
None jumped on bandwagons or fads to do it. AI didn’t drive their growth. They didn’t “rise and grind” their way to financial success (and lose their health or family in the process).
ANCSA Resource Center | ancsa.LBBLawyers.com
Come
together
Events | Concerts | Conferences | Conventions | Banquets | Meetings | Trade Shows | Weddings | In-house Catering | Equipment Technology
bout half of all business owners are 55 or older, according to the US Census Bureau. As they approach retirement age, a significant financial transition looms on the horizon. However, a well-planned exit strategy can help owners protect, build, and harvest wealth when they transition, ensuring the efficient transfer of business value to their personal legacy.
Sadly, about 80 percent of business owners will not be prepared to make a successful exit from their company, according to Certified Exit Planning Advisor (CEPA) Wendy Claussen. But they can improve their chances by adopting a build-it-with-the-end-in-mind approach. “They should always be thinking about their exit,” says Anchorage-based Claussen, the owner of Horizon Trek. “Exit planning is present tense; it’s not something to do later. It’s a value multiplier.”
We are proud of our past and excited for the future.
Helpers
celebrates four decades of
positive physical therapy
ny business that makes it to the forty year mark deserves a hand, and that is especially apropos as Alaska Hand Rehabilitation (AHR) celebrates its fourth decade in business this year. Established in 1985 by licensed occupational therapist and certified hand therapist Linda Glick, what started as a very small, one-person clinic in Anchorage grew to become a much-beloved employee-owned practice that recently moved into a new, larger location designed to serve more patients in the community.
oughly 850 miles separate Utqiaġvik, at the northernmost tip of the North American continent, from Old Harbor, a village south of Kodiak. In Lower 48 terms, that’s as far as Minneapolis, Minnesota, from Dallas, Texas—farther, even, because no year-round roads connect to Utqiaġvik, and Old Harbor is, of course, on an island. But that separation can’t prevent each community’s village corporations from working together.
Ukpeaġvik Inupiat Corporation (UIC) subsidiary UIC Nappairit completed work in March on the Nuniaq Community Center and Tsunami Shelter, fulfilling a long-held vision in Old Harbor for a gathering place during times of celebration and times of danger.
Known as “the people who build,” UIC Nappairit specializes in remote projects involving dynamic challenges of extreme climates, complicated logistics, and minimal resources. The Nuniaq Center fit the bill perfectly.
This section includes a visit to the Kodiak Archipelago for a snapshot of the diverse investments and returns of its regional and village corporations. To the west, Aleut has been a tempest of activity worthy of its region’s nickname, setting the pace for its counterparts. Alaska Native corporations are the industry that contains all other industries.
he Aleutian Islands have a rugged landscape. There are no trees, no roads, no large game animals, and not many resources.
“It’s barren, it has harsh weather,” describes Skoey Vergen, president and CEO of Aleut, the Alaska Native corporation (ANC) for the region west of Port Moller on the Alaska Peninsula, all the way to Attu Island. For thousands of years, he adds, the Unangax̂ people of the Aleutians lived out of scarcity; all energy and effort was put into survival.
“That mindset still persists. And when I got here, that mindset of scarcity included how we invested in and supported our subsidiaries,” Vergen says.
Pair this knowledge with human, approachable legal services, and you’ll see what it means to be represented by Schwabe.
Pair this knowledge with human, approachable legal services, and you’ll see what it means to be represented by Schwabe.
420 L Street, Suite 400
Anchorage, AK 99501
(907) 339-7125
420 L Street, Suite 400
Anchorage, AK 99501
(907) 339-7125
of Belonging
Alaska Native corporation
shareholders
hen the Alaska Native Claims Settlement Act (ANCSA) established the scaffolding for regional and village corporations, it was with the intent that those corporations support the roughly 74,000 Alaska Native shareholders enrolled by 1973.
ANCSA set out guidelines about who could be shareholders: blood quantum requirements and a cut-off date for eligibility. Shareholders had to be born on or before 11:59 p.m. December 18, 1971—the day ANCSA was signed into law—to be eligible to hold shares.
The legislation left it up to corporations to figure out how to connect with shareholders, how to give them a voice in governing the new corporations, or what shareholder benefits should look like. Nearly 200 village and regional corporations operating today have developed a range of approaches to communication, often led by shifting demographics and evolving needs of their shareholder base.
epresenting peoples and cultures that long predate the Alaska Native Claims Settlement Act of 1971 (ANCSA) under which they were established, the twelve regional corporations are fundamentally unique in terms of environmental challenges, corporate purposes, and structures.
The twelve regional Alaska Native corporations (ANCs) are Ahtna; Aleut; Arctic Slope Regional Corporation; Doyon, Limited; NANA; Koniag; Sealaska; Bering Straits Native Corporation; Calista Corporation; Cook Inlet Region, Inc. (CIRI); Bristol Bay Native Corporation (BBNC); and Chugach Alaska Corporation.
The passage of ANCSA ushered in a new era for Alaska Native people, sorting them into commercial enterprises quite different from Indigenous societies. They would ascend to profitability through individual grit and cooperative aid.
Alaska Native
Old Values Inform a Strong Future
By Christi Foist
nown as Alaska’s Emerald Isle, Kodiak—the state’s largest island—brings together great beauty, diverse wildlife, and the challenges of a remote archipelago with a significant military history.
Under the Alaska Native Claims Settlement Act of 1971 (ANCSA), Congress established both a regional corporation and several village or urban corporations for the Kodiak archipelago. These latter entities include Afognak Native Corporation, Akhiok-Kaguyak, Inc., Leisnoi, Natives of Kodiak (NOK), Old Harbor Native Corporation (OHNC), and Ouzinkie Native Corporation.
“One of the things that makes the Kodiak region very unique and a joy to work in is that the Native organizations across our region work in unity,” says Shauna Hegna, president of Koniag regional corporation. “We are constantly collaborating with the village corporations, the nonprofits, the tribal health organizations, and our tribes to improve the quality of life in our communities.”
laska Native corporations (ANCs) build stronger communities by creating jobs, investing in education and culture, and promoting sustainable growth. Their profits support dividends, scholarships, and local programs, helping preserve Alaska Native heritage for future generations. In this round-up, some of the twelve regional ANCs share recent news, projects, and the ongoing benefits for their communities.
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Keys to Employees
fter seven decades as Alaska’s oldest and largest family-owned car rental company, Avis Alaska has made a decision that speaks volumes about its commitment to the Last Frontier. The company is now 100 percent employee owned through an employee stock ownership plan (ESOP).
It’s a move Andrew Halcro, the former co-owner who quarterbacked the transition alongside his two older sisters, describes as the perfect solution to a complex puzzle. “We had to meet the expectations of three different generations,” he explains. “How do you get the first and second generations their maximum value and provide the runway for the third generation to get their maximum value? That’s the math problem you have to solve.”
Taking the generations out of the equation puts the company to work for a different set of stakeholders.
Anchorage, AK 99507
www.materialflow.com
n Alaska’s highways, drivers can go hours before finding wayside amenities. Whether commuting the Glenn Highway or trucking on the Richardson Highway, an everyday drive raises questions about road conditions, traffic, visibility, and incidents. The answers are centralized in one mighty tool in the Alaska Department of Transportation and Public Facilities (DOT&PF) kit: Alaska 511, a website and mobile app.
Those three digits have been designated for traveler information since 2000. Since then, states have implemented their own systems to be accessed by that phone number. Much as 811 (designated in 2005) forewarns excavators about buried utilities, 511 prepares travelers for the hazards over the hill and around the bend.
asey “Maverick” Kubitz understands how difficult it is to get around area code 907. As a youth, Kubitz played hockey in Anchorage, which means a lot of road games in remote areas. Growing up, he learned about the difficulties of keeping Alaska’s supply chain secure and unimpeded.
The situation grew worse during the COVID-19 pandemic. “I saw firsthand the challenges of moving goods in and out of Alaska,” says Kubitz. “Local businesses, the people that keep our communities alive, were constantly squeezed by high costs, delays, and outside control of our supply lines.”
Kubitz decided to find a solution that would benefit Alaska. Launched in February 2020, 907 Logistics provides full truckload, less-than-truckload, refrigerated, flatbed, and heavy-haul freight. It also manages barge and port coordination to transport items into Alaska, and it offers government and military freight management through its parent company, Maverick Logistical Consulting.
Span Alaska’s owned network of terminals and equipment provides direct access to ~80% of Alaska’s population. This infrastructure ensures reliable, flexible service with tight control over quality and transit times.
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Our direct, non-stop routing from our West Coast Service Centers to key hubs in Alaska improves transit times, minimizes handling, and reduces the risk of damage.
Leverage our logistics team to schedule pick up of your shipment from anywhere in the Lower 48 and schedule day-definite delivery throughout Alaska within our standard 1–2 days of vessel arrival.
Patrick Nephew| Learn To Return
n effective safety culture for any business has several components. Safety managers and risk professionals generally agree that safety training is a crucial aspect to reducing risk and improving production. Without specific, effective, and personalized training, employees are exposed to an environment without the tools necessary to conduct the tasks in a manner that will keep them from getting injured or worse. Training is more than just checking regulatory boxes- it is a moral obligation to protect the most valuable asset any organization has—the human worker. Safety culture in the workplace should always go beyond enforcing policies and ensuring employees follow protocols. Empowering workers to understand and recognize exposures and dangers in their daily job tasks and to be able to report, correct, and control these hazards is of the utmost importance. Quality training is the baseline for that knowledge set, and there are ways and means to ensure that this information is conveyed and received correctly. Good safety training incorporates an understanding of individual learning styles; the ability to connect and communicate with the participants; informative, current information that is relevant to the workplace; hands-on demonstrations; and ways to ensure that the information has been received and retained.
Part 37 of an ongoing video series.
A charter employee of Northrim Bank since its founding in 1990, Joe Schierhorn celebrates his retirement this month. Schierhorn has been stepping away from leadership positions since 2022, when Mike Huston succeeded him as President. Huston was named CEO last year, and now he takes over for Schierhorn as Board Chairman. Huston joined Northrim Bank in 2017 from First Interstate Bank in Billings, Montana.Alaska Trends
mployee stock ownership plans (ESOPs) are on the rise. In different industries, two articles this month spotlight employee-owned businesses. Vanessa Orr reports in “Handy Helpers” that Alaska Hand Rehabilitation founder Linda Glick sold her practice to her employees in 2020. And “Passing the Keys to Employees” by Alexandra Kay describes how the ESOP that owned 15 percent of the Avis Alaska franchise upped its stake to 100 percent, while the Halcro family retains its legacy on the board of directors.
While a relatively rare form of ownership in Alaska now, ESOPs are positioned as an enticing option for the generation who established businesses during the pipeline boom of the ‘70s and are reaching retirement age. Another article this month, “It’s Never Too Early to Plan to Sell” by Tracy Barbour, shows how the considerations involved in selling a business in the first place might point to an ESOP as an elegant exit.
Alaska companies with partial or full ownership by ESOPs range in size from 5 participants at Environmental Health Sciences-Alaska in Eagle River to the 245 at Alaska Power & Telephone Company, which manages small utilities statewide. Familiar storefronts such as Sagaya Corporation and Alaska Mining & Diving Supply are employee-owned as well. This does not count out-of-state ESOPs with Alaska offices, such as Kiewit, JD Steel, HDR, or Graybar.
The Personal Librarian by Marie Benedict and Victoria Christopher Murray.
What’s the first thing you do when you get home after a long day at work?
Wash dishes. Hot, sudsy water. It’s relaxing.
What’s your greatest extravagance?
My family does too much DoorDash.
What charity or cause are you passionate about?
Anything to do with housing. And services for underprivileged youth; sports are such a big thing.
If you could domesticate a wild animal, what animal would it be?
They’re supposed to be wild, but… my daughter one time asked if we could raise moose.
The Personal Librarian by Marie Benedict and Victoria Christopher Murray.
What’s the first thing you do when you get home after a long day at work?
Wash dishes. Hot, sudsy water. It’s relaxing.
What’s your greatest extravagance?
My family does too much DoorDash.
What charity or cause are you passionate about?
Anything to do with housing. And services for underprivileged youth; sports are such a big thing.
If you could domesticate a wild animal, what animal would it be?
They’re supposed to be wild, but… my daughter one time asked if we could raise moose.
Off the Cuff
here the Yukon River plunges southward, four villages merged corporations to form Gana-A’Yoo, “friends together” in Koyukon Athabascan. Dena Sommer-Pedebone was born after shareholder enrollment, so the Gana-A’Yoo CEO carries the perspective of a tribal descendant. She studied marketing at UAF, and a career in grant administration led back to the corporation. “I’ve always fallen into leadership, management-type positions, starting as soon as I got out of college,” she says.
Now she gets to reconnect with her grandparents’ heritage in Nulato and share it with her daughters. Sommer-Pedebone says, “I’ve found that, during my time in this role, I really enjoy interacting with the younger people.”
- 3-Tier Alaska
- Airport Equipment Rentals
- Alaska Air Cargo - Alaska Airlines
- Alaska Dreams Inc.
- Alaska Industrial Development and Export Authority (AIDEA)
- Alaska Materials
- Alaska Mergers & Acquisitions, LLC
- Alaska Native Chamber
- Alaska Pacific University
- Alaska School Activities Association
- Aleut Corporation
- American Heart Association
- Anchorage Convention Centers
- ASTAC - Arctic Slope Telephone Association
- Avis Rent-A-Car
- Bering Straits Native Corp.
- Bristol Bay Native Corporation
- Calista Corporation
- Chugach Alaska Corporation
- Conrad-Houston Insurance Agency
- Construction Machinery Industrial
- Cook Inlet Tug & Barge Inc.
- Craig Taylor Equipment
- Denali Commercial
- Dorsey & Whitney LLP
- Doyon, Limited
- First National Bank Alaska
- GCI
- Global Credit Union
- Greatland Studios
- IMA Financial Group
- Infinity Commercial Real Estate
- Koniag Inc.
- Landye Bennett Blumstein LLP
- Lynden
- Material Flow & Conveyor Systems, Inc.
- N C Machinery
- NANA Regional Corp
- NCB
- Nenana Heating Services, Inc.
- North Star Behavioral Health System
- Northern Air Cargo
- Northern Air Cargo
- Northrim Bank
- Oxford Assaying & Refining Inc.
- Port Mackenzie
- Providence Alaska Medical Center
- Providence Imaging Center
- Schwabe, Williamson & Wyatt, P.C.
- Sourdough Express, Inc.
- Span Alaska Transportation LLC
- Structured Communication Systems
- SYSTEMCENTER ALASKA
- T. Rowe Price
- The Plans Room
- Think Office
- Tongass Federal Credit Union
- TOTE Maritime Alaska LLC
- UAF Corporate Enrollment
- Ukpeagvik Inupiat Corporation
- United Way of Anchorage
- Visit Anchorage
- Western Pacific Crane & Equipment
- Yukon Equipment Inc.






























































