Cover design by Judy Clark Hartwig
Cover design by Judy Clark Hartwig
Wiping some spittle off my face, I took a quick peek at the papers still crushed in his grasp, praying to catch a glance of a word or a number I could extrapolate into an answer that might send him packing. “Top 49ers” and “1998” flashed in my view, and I quickly stifled a sigh of relief. “Of course, Mr. Martin,” I said, sweet as grandma’s cookies. “That’s historic Top 49ers data.”
“Obviously!” he bellowed, turning red in the face and testing the tensile strength of his necktie. “Why’s it in the vault?”
Well, because you put it in the vault, I thought. “I have no idea, sir,” I said.
“Use it!” he choked out, throwing the pages in my face and lumbering away from my desk.
So, here’s some historic Top 49ers data.
Cover design by Brian Dixon;
Photography by Clark James Mishler
From 1985 to 1990, the theme actually stayed the same year over year: The New 49ers. In 1991, we developed “Prospecting for the Top 49; Finding Alaska Gold” as the first theme that would change annually thereafter. Then-Editor Judith Fuerst Griffin wrote in her introduction to the special section: “Thanks to all who’ve helped us identify and recognize the successful miners of the 49th State’s commerce and natural resources. The new 49er companies—their owners, managers, and employees—are precious as gold to the state’s economy.”
Starting with the first directory, the information published included the company name, headquarters city, revenue, number of Alaska employees, subsidiaries, and business activities, and in 1985 we also ranked the Top 49ers by Alaska employees. In that very first edition, the number one spot was filled by Carr-Gottstein Co., which reported revenue of $355 million and 2,250 employees, also making it the company with the largest number of employees. As a comparison, that same year the forty-ninth Top 49er was Alaska United Drilling, which reported $22 million in revenue and listed 134 employees. In 1985, 16 percent of the Top 49ers were Alaska Native Corporations, and at the time they were all regional corporations. Highest on the list was Sealaska, which landed in the number 2 spot that year. In total in our first year, the Top 49ers reported revenue of nearly $3 billion and 18,999 Alaska employees.
Since 1985, Alaska Business has featured 201 unique Top 49ers.
In 2019, as a group, the Top 49ers reported north of $17 billion in 2018 revenue, which is the highest group total in Top 49ers history. Total combined revenue for all of the Top 49ers has never dropped below $2 billion and it surpassed $11 billion in 2007. Not adjusting for inflation, since 1985 the Top 49ers have reported massive total revenue of $488 trillion, which, if adjusted for inflation, would be… even more. (This kind of math is complicated; I’m an editor.) [General Manager’s Note: Nice excuse, Anderson. Pure laziness!]
Several of the 2019 Top 49ers made their debut on the first Top 49ers list in 1985: Anchorage Chrysler Dodge, Calista Corporation, Doyon, Bristol Bay Native Corporation, Seekins Ford Lincoln, Usibelli Coal Mine (UCM), Arctic Slope Regional Corporation (ASRC), NANA, and First National Bank Alaska (FNBA). The last four—UCM, ASRC, NANA, and FNBA—have been ranked as a Top 49er every single year.
Cover design by Connie Hameedi
Cover design by Gary Skeen
In a 1988 profile of FNBA, then-President D.H. Cuddy said: “The bank’s responsibility is to serve the community in which it’s located to the limit of its capital, deposits, and personnel.” He echoed this statement in a profile that ran in October 2001, when he said, “Our first responsibility is to our depositors. Our next responsibility is to serve the communities in which we are located. And thirdly, we look after the employees of the bank.” FNBA joined the Top 49ers in 1985 with reported revenue of just under $76 million, ranked at number 9. Throughout the bank’s history on the Top 49ers list, its workforce has always been 100 percent Alaskan.
Cover design by Judy Clark;
Illustration by Jarrett Holderby
Cover design by Brian Dixon
The historic Top 49er that’s been operating in Alaska the longest is Alaska Electric Light & Power, which serves approximately 17,500 people in Juneau; the utility (today ineligible as it’s owned by Lower 48-based Avista) was established in Alaska in 1893 and was listed as a Top 49er in 1987 and 1988.
While most long-term Top 49ers move up and down in the rankings, several made huge leaps up the list. Harbor Enterprises, Klukwan, and Chugach Alaska all jumped up 22 spots in the ranks in 1987, 1987, and 1988, respectively. But in 2011 CIRI jumped 24 spots; in 2009 Cape Fox Corporation jumped 27 spots; and in 2000 Unit Company jumped an amazing 28 spots up the list. In 1999 Unit Company reported $16 million in revenue and ranked number 48, but in 2000 the company’s revenue grew by 236 percent to $54 million and the company ranked at number 20.
Afognak Native Corporation is also unique; premiering in 2006, Afognak reported $522 million in revenue and snagged the number 7 spot on the list in its first year as a Top 49er, making it the corporation that debuted with the highest revenue on a Top 49ers list.
Alaska Native corporation participation has continued to rise over the years. In 1990 the number of Native corporations was 20 percent of the total list; 20 percent in 1995; 20 percent in 2000; 31 percent in 2005; 45 percent in 2010; 40 percent in 2015; and almost 50 percent this year. All twelve of the regional corporations have been Top 49ers since 2009 when Bering Straits Native Corporation joined the list, and more and more village corporations are making their way into the ranks year after year. It’s an amazing boon to Alaska, as these corporations are passionate about building economic opportunities throughout the state.
In October 2007, the late Vern McCorkle wrote a Letter from the Publisher in which he said: “It is often easier to make a profit (frequently a one-shot deal) than earn a profit, which requires ethical integrity and top-rate goods and services for established clients and customers over a period of time… Making a profit at any cost, costs too much… If there ever was a time when businessmen and women needed to step up to the plate, as people often say, and make a difference for Alaska, this is surely that time.”
There are, shockingly, still some numbers in our Top 49ers data vault that haven’t made it onto this page [General Manager’s Note: Pathetic! Get them all on here, ASAP, Anderson!], but those that are represented paint a clear picture of Alaska’s homegrown companies that are meeting McCorkle’s expectations, working their capes off with courage and integrity to earn the revenue that creates jobs, pays benefits to employees, and builds communities.