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Contents
Features
Honored Owners
Alaska winners of the 2024 Small Business Administration awards
Stranded No More
Converging strategies to liberate North Slope natural gas
A Tool and a Teammate
Generative AI in marketing, advertising, public relations, and design
Honored Owners
Alaska winners of the 2024 Small Business Administration awards
Stranded No More
Converging strategies to liberate North Slope natural gas
A Tool and a Teammate
Generative AI in marketing, advertising, public relations, and design
Quick Reads
Bering Straits Native Corporation
Bering Straits Native Corporation
About The Cover
As a US territory, the boarding school in Sitka became a contact point for Native people from all over Alaska. Thus, Sitka was the cradle for the Alaska Native Brotherhood’s struggle for civil rights.
December 1971 saw two epochal changes for Sitka: the city and borough unified to create the largest US municipality by area, and the Alaska Native Claims Settlement Act authorized the creation of regional and village corporations. Shee Atiká, an urban corporation for tribal members in the incorporated city, carries on the legacy of the Kiks.ádi and other Indigenous clans. Steve Karpstein and Larry Garrity, as board chair and vice chair, are entrusted with tending the corporation’s modern bounty of tech developers and government contractors.
Volume 40, #9
Billie Martin
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From the Editor
or 2024, I compiled the Alaska Native Claims Settlement Act (ANCSA) regional corporation review that we publish nearly every year, as I have many times before. I start the process by sending out a handful of questions about recent financial milestones, community programs and initiatives, shareholder news, et cetera. The first time I was responsible for this roundup years ago, I took those answers and forced them into a consistent format: company name, number of shareholders, top executive, regional description, financial news, shareholder update. It was frustrating, honestly, because I spent a lot of time trying to fill in the gaps that I had created trying to contort all of their responses into a template.
I’ve backed away from that idea over the years, and finally this year I abandoned it completely. I sent out the questions, and when I got the answers back, I took at face value that the corporations sent me the information that they wanted to highlight. As you’ll see in the regional review, some are proud of financial milestones, others were focused on recent efforts to connect with or support their Elders and shareholders, and others had exciting news about subsidiaries.
Partners to the Alaska Native Community
DWT has been part of the Alaska community for more than forty years. Our lawyers use their depth and breadth of experience to serve and partner with our clients, including many Alaska Native entities, as they develop, grow, and strengthen their non-profit and for-profit enterprises.
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n outdoor cleaning equipment manufacturer, a professional mover, and an abatement and demolition expert check into a small boutique inn. While relaxing in the warmth of an outdoor hot tub, they swap stories about the successes and difficulties of small business ownership.
Sounds like a modern Canterbury tale. Instead, this group comprises the Alaska winners of the 2024 US Small Business Administration (SBA) awards. The SBA—which offers funding programs, counseling, and federal contracting certifications to small businesses across the country—announced this year’s winners on May 6 to coincide with National Small Business Week.
“The nominations we received from around the state this year are a witness of the ingenuity and tenacity of Alaska’s small business owners,” SBA Alaska District Director Steve Brown said at the time. “They are the backbone of our economy. They create jobs, drive innovation, and contribute to our communities. [They] embody the spirit of entrepreneurship and are a testament to the strength and diversity of Alaska’s small business community.”
here the Spenard neighborhood intersects with the Midtown Anchorage commercial strip, nearly a dozen secondhand or thrift shops are within line of sight.
There’s the Habitat for Humanity ReStore at one end of the Northern Lights Center shopping mall; at the other end, there’s Title Wave Books. Across the street, Clothesline Consignment, Plato’s Closet, and Penny Royalty sell modern and vintage fashions. The Hoarding Marmot consigns outdoor gear, and Play It Again Sports trades in athletic equipment. Next door along Spenard Road, Video Game Depot sells classic titles for even the oldest systems. And back at the intersection, Once Upon a Child offers bargains for baby and toddler needs.
A few doors away from Once Upon a Child’s trademark “Buy. Sell. Repeat.” banner, a new outlet joined the cluster this summer. 907 Overstock opened its second location in Anchorage at the end of June, selling surplus housewares just like its flagship store at Raspberry and Jewel Lake Roads.
Within easy walking distance, a frugal shopper can amass a tremendous haul while saving a fortune and supporting small businesses.
“Thrifting is essential for our community,” says Brittani Clancey, founder and owner of FashionPact. “Thrifting allows consumers to find what they need or want while giving items a second life and actually reverses the problem of items purchased once going to the landfill.”
ne of the most crucial factors in maintaining a thriving business is attracting and retaining top talent. Central to this objective is implementing a competitive compensation program. This strategy is not just a nice-tohave, it is an essential component for business success.
the Forest
and neighbors
orty years after downhill skiers first laid stakes on Mount Alyeska in Girdwood, the world-class Alyeska Resort opened its doors to guests in 1994. Three decades later, the resort is planning a major upgrade and expansion to meet the needs of guests—and the Girdwood community—far into the future.
Spurred by the COVID-19 pandemic, resort owner Pomeroy Lodging decided to look at Alyeska’s old master plan to see how the resort could be more attractive to guests and to employees who don’t want or need to make the thirty-minute commute from Anchorage. And not just employees at the resort but telecommuters from anywhere.
“COVID-19 led to people working remotely; because they no longer had to go to the city, they were opting to move to places where they wanted to live, like where they could ski or mountain bike,” explains Pomeroy Lodging Development Manager Willam Laurie. “This created some opportunities for us as a resort town.”
Working with resort master planners SE Group and Skylab Architecture, Pomeroy Lodging spent the last two years nailing down the operational details and gathering community input. The new master plan not only enhances the resort but includes numerous amenities for the 1,700 or so full-time Girdwood residents.
“Quite a few of the things we’ve got planned have been a long time coming, like a rec center for Girdwood and new housing products and commercial space,” says Laurie. “Now we’re in a place where we’re very comfortable with the plan, and we got city approvals in June, so we’re excited and ready to go.”
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Conversions
ising eight floors above a narrow lot on West 31st Avenue in Midtown Anchorage, the Emerald Building seems like a taller tower seen from farther away. Neighboring offices are single-story structures, almost indistinguishable from houses.
The building was one of a kind in 1986 when Charles E. Braun, founder of International Steel Erectors, designed and constructed it. Although its familiar name, Chez Braun, literally means “at Braun’s house” in French, the building has held a series of commercial tenants over the last four decades.
The slender tower overlooks the Anchorage Legislative Information Office, the off-season headquarters for half of the Alaska House and Senate. In June, lawmakers passed several bills aimed at increasing homeownership, in the face of housing supply unable to meet demand. One approach revives the new-home rebate program, an incentive to sweeten the price of energy-efficient construction by $10,000, which could stimulate development of hundreds of new homes.
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Contact us today to learn more about our JCB rental options and discover why ESI Alaska is the trusted choice for businesses across the state.
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convergence of key players may finally bring long-held visions of utilizing local North Slope natural gas resources to fruition. The Interior Gas Utility (IGU) is advancing plans to power the Fairbanks area, while Pantheon Resources and the Alaska Gasline Development Corporation (AGDC) are exploring options to supply Southcentral.
IGU had begun the transition away from diesel by trucking natural gas to Fairbanks from its Titan liquefaction facility on the shore of Cook Inlet. Around the time Hilcorp, the inlet’s largest producer, announced a lack of certainty regarding natural gas availability, IGU management had been preparing to proceed with an approximately $60 million expansion project at Titan. Because of the announcement, IGU no longer found it feasible to make a sizable investment into an asset that may become unusable as soon as 2032, when IGU’s last available contract renewal would expire.
From Adak in the Aleutians to Juneau in the Southeast, to Elliott Highway in the Interior and in our hometown of Utqiaġvik, UIC is rising above to meet diverse business needs across Alaska.
And that’s just a tip of the iceberg.
he average Alaskan’s residential electricity rate is $0.24 per kWh, according to findenergy.com. That compares to the average price of $0.16 nationally. Only five states have higher average electricity rates. On a monthly basis, on average, the state’s residents see a household electricity bill totaling $140.69, slightly higher than the national average of $138.02.
Averages, though, smooth over an important distinction in how electricity reaches Alaskans. Well, a couple of distinctions; the fundamental difference is whether customers are plugged into a wider grid or if they are an isolated system. Behind the wires, though, utilities differ in a key way. Some are for-profit companies whereas others are not-for-profit cooperatives.
At Cook Inlet Tug and Barge, we pride ourselves on our unwavering commitment to safety standards that exceed industry benchmarks. Your cargo isn’t just in good hands; it’s in the safest hands.
At Cook Inlet Tug and Barge, we pride ourselves on our unwavering commitment to safety standards that exceed industry benchmarks. Your cargo isn’t just in good hands; it’s in the safest hands.
Subdividing those united people into a pantheon of twelve regional corporations represented an experiment in the stewardship of Alaska Native lands and wealth. Leaders must balance entrepreneurial acumen against traditional values; harmonize regional needs among hundreds of villages, each with their own corporations; and preserve the sovereignty of Alaska Native tribes dwelling within a modern technological society. After five decades, the results are encouraging.
Subdividing those united people into a pantheon of twelve regional corporations represented an experiment in the stewardship of Alaska Native lands and wealth. Leaders must balance entrepreneurial acumen against traditional values; harmonize regional needs among hundreds of villages, each with their own corporations; and preserve the sovereignty of Alaska Native tribes dwelling within a modern technological society. After five decades, the results are encouraging.
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eadquartered in Sitka, Shee Atiká stands as one of the four urban Native corporations created under the Alaska Native Claims Settlement Act (ANCSA). Since its establishment, Shee Atiká has grown from its early days of timber harvesting into a diversified organization with a robust presence in various industries across the United States.
Shee Atiká has faced unique challenges, but it remains an important touchstone to its shareholders whose roots in Southeast are defined by pride of place and sense of history. Shee Atiká Board Chair Steve Karpstein says, “We’re committed to working as one team to provide direction, oversight, and support to ensure that we meet the best interests of all our shareholders, from our youth to our elders. It’s our responsibility to represent the diverse interests and needs of our shareholders, so we must do our best to understand their perspectives and values as we make long-term operational and business decisions.”
he Alaska Native Claims Settlement Act established Alaska Native-owned corporations charged with making a profit and then using those profits for the benefits of their shareholders and communities. Over the last five decades, the regional corporations have all found exceptional levels of success, generating thousands of jobs and millions of dollars in revenue, the profits of which are used for shareholder dividends, Elder programs, education and scholarships, job programs, community projects, and much more. Below are highlights of the activities of each of the twelve in late 2023 and 2024.
etween the level of the twelve regional corporations formed under the Alaska Native Claims Settlement Act (ANCSA) and more than 200 corporations for individual villages, an intermediate level of organization exists. No, not the four urban corporations for Juneau, Kenai, Kodiak, and Sitka. A handful of village corporations stand out because they are joint ventures for multiple communities.
Afognak has done quite well for itself since merging corporations with Port Lions in 1977. On the other side of Kodiak Island, Akhiok-Kaguyak represents those two villages.
Nima Corporation is named for its two constituents: Nunivak Island and Mekoryuk. And MTNT stands for McGrath, Takotna, Nikolai, and Telida. Downstream, the next ten villages along the Kuskokwim River merged into The Kuskokwim Corporation (TKC).
he corporations formed by the Alaska Native Claims Settlement Act (ANCSA) have nimbly adapted to changing economic circumstances and opportunities to safeguard their lands and resources and support their communities and shareholders. Through a combination of homegrown leadership and Outside expertise, Alaska Native corporations have flourished as the state’s most prosperous enterprises, with many earning millions of dollars in revenue—and a few pulling in billions—annually.
Several ANCSA corporations have recently welcomed new leaders to help guide them into another five decades of growth and profitability.
“By outsourcing these accounting tasks, business owners are free to focus on doing what they love,” says Kirstie Gray, who began the Anchorage-based, woman-owned company in 2015.
As the leading provider of back-office support for small business owners who need help with accounting, Beyond Numbers provides full-service bookkeeping and payroll services, utilizing technology that automates and streamlines administrative tasks related to financial record-keeping, data entry, and reporting. Not only does this technology help improve accuracy, efficiency, and productivity by reducing manual processes and minimizing the risk of errors, it also enables business owners to make informed decisions in real-time while freeing them up to focus on other aspects of their businesses.
onnectivity is crucial in rural Alaska, where reliable internet service has the power to dramatically enhance the quality of life for residents.
That’s why the Alaska FiberOptic Project is so consequential. The massive initiative will connect up to twenty-one underserved communities along the Yukon and Kuskokwim Rivers with high-speed, fiber optic networks. The project partners—Calista Corporation; Doyon, Limited; Gana-A’Yoo, Limited; Tanana Chiefs Conference (TCC); and Alaska Communications—will build, operate, and maintain the fiber-optic network and service.
“Reliable, affordable, high-speed internet is a key to connecting our people with the world, celebrating and advancing our culture, and offering opportunities for young people in our communities,” says Calista President and CEO Andrew Guy.
olten gold filled a brick-shaped mold to form a 600-ounce ingot on July 8, 2024. The metal had been waiting all winter for its chance to shine. The first pour from the Manh Choh gold mine was a moment for celebration.
“From the first discovery hole to pouring the first bar of gold emblazed with the special Manh Choh branding, it has certainly been a journey, but one that sets us up for future success,” said Rick Van Nieuwenhuyse, president and CEO of Contango ORE, during the ceremony at the Fort Knox mill north of Fairbanks.
The Manh Choh mine exists on land owned by the Native Village of Tetlin. The tribe entered a partnership with Fort Knox operator Kinross Alaska—a subsidiary of Kinross Gold Corporation—(70 percent) and Contango ORE (30 percent) for the mining project. From the exploration phase to the first gold pour, Kinross Alaska and Contango ORE pledged to honor the traditions of the Tetlin tribe and address any concerns or questions.
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Improving the lives of our Shareholders. Growing our companies. Perfecting our path forward.
ishing is going out of style—at least on a global scale. The world’s fishing fleets have been decreasing since 2019, according to the Food and Agriculture Organization of the United Nations. In contrast, the fish farming industry has been growing. In 2022, the number of farmed fish in the world finally surpassed that of wild-caught fish.
“Farmed fish” encompasses a variety of cultivated seafood. It can involve breeding and releasing red king crab until the wild population rebounds, growing shellfish or finfish in controlled environments, or a dozen other practices. Hatcheries are the only legal form of finfish aquaculture in Alaska; all other fish farming is forbidden.
While the number of farmed fish is growing, it’s not a new practice. There is evidence that the Chinese farmed fish more than 2,000 years ago, according to the Wilson Center. The National Atmospheric and Oceanic Administration (NOAA) states that farmed fish is “one of the most resource-efficient ways to produce protein.” Proponents of fish farming claim that it is more sustainable than wild-caught fish because raising fish in a regulated environment avoids overfishing and other environmental harms, unlike fishing on the ocean.
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Cattle
Patricia Morales | Alaska Business
f only our Neolithic ancestors could see us now. They’d hardly believe that farming and animal husbandry, which transformed society roughly 12,000 years ago, could be done from miles away without stepping in a pile of manure.
Alaska farmers and ranchers have not been practicing animal husbandry for as long as those in the Fertile Crescent, but Alaskans are early adopters of new technology. With factors stacked mostly against raising crops and cattle here, Alaskans tend to jump on board if there’s an advantage to be had.
From camera-monitored calving and wireless fences to robotic milking machines, Alaskan farmers and ranchers are using modern tools to make the most of what Alaska has to offer.
Hungate Farms, which Saunders operates with her husband, is a side project and labor of love that they’ve carved out of roughly 280 acres north of Wasilla, in the foothills of the Talkeetna Mountains. It’s a year-round operation, selling farm-to-table beef and pork. The beef is Black and Red Angus cattle, with a little Hereford blood in the herd. The pigs are a mix of Berkshire, Yorkshire, and Hampshire breeds. All the livestock are born, raised, finished, and butchered at the farm.
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A Tool
and a
Teammate
Generative AI in marketing, advertising, public relations, and design
Kateryna Kovarzh| iStock
n the dynamic world of marketing, the maxim “content is king” remains as relevant as ever. But today, generative artificial intelligence (Gen AI) is transforming how marketing, advertising, and public relations (PR) agencies produce high-quality and consistent content for their clients. At the same time, these agencies are actively shaping strategies to ensure their ethical, transparent, and responsible use of Gen AI.
Gen AI empowers users to quickly create text, images, audio, video, and other content with minimal human input. In essence, Gen AI leverages machine learning algorithms that analyze existing data patterns to synthesize new content. From blog posts and social media updates to advertisements, pictures, movies, and music, Gen AI renders content based on simple text instructions—known as prompts—provided by users. Examples of popular Gen AI tools include chatbots like ChatGPT, Copilot, and Gemini (formerly Bard), as well as text-to-image programs such as Stable Diffusion, Midjourney, and DALL-E.
Are You There?
ing, ring! That familiar sound brings joy to any business owner’s face, as there is often a potential customer on the other end of the telephone line. Unless you’ve kept up with modern telephony systems, chances are that is all your phones can do: ring.
For many, upgrading or changing the telephone system is a last thought or falls under the “if it ain’t broke, don’t fix it” category. But many of the innovations around voice over internet protocol (VoIP) and unified communications as a service (UCaaS) can greatly improve a business owner’s capabilities and the customer’s journey and experience.
watched as the person put one foot into the kayak. It was wobbly, and they were nervous. Unsure and uncommitted, they kept one foot on the dock.
The kayak started to move away from the dock, and they suddenly realized what was happening. They couldn’t pull it back. They were half in, half out, and had a dilemma. Step back on the dock, and the kayak would drift into the lake. Or step into the kayak and see if they could paddle.
Paralyzed by indecision, the kayak moved farther away from the dock, and the inevitable happened. The span became too great, and they fell into the lake. The kayak drifted away.
This type of story plays out in organizations all the time. Managers move halfway into management, trying to balance their management responsibilities with their individual contributions but doing neither well.
An effective way to reinforce your branding is through a long form advertorial. According to the marketing experts at Intuit Mailchimp, advertorials have distinct benefits…
Alaska Trends
he Alaska Small Business Development Center (SBDC) and Alaska Business share a similar mission. SBDC helps small businesses grow by offering informational resources online and in person. This magazine likewise aspires to strengthen and diversify the state’s commercial sector, and our methods sometimes overlap with SBDC’s. For example, the center’s website aksbdc.org highlights success stories from businesses it assisted, and readers can find role models within these pages, particularly in Amy Newman’s article “Honored Owners.”
Both SBDC and Alaska Business collect and publish data about small businesses. For instance, the July 2024 edition of Alaska Trends reported that the US Small Business Administration considers 99.1 percent of Alaska businesses—i.e., all but about 650 employers—to be “small,” defined as having up to 499 workers on staff.
Possible: How We Survive (and Thrive) in an Age of Conflict by William Ury.
What charity or cause are you passionate about?
Big Brothers Big Sisters.
What’s the first thing you do when you get home after a long day at work?
I jump on my Peloton. I love my Peloton bike. It’s easy, it’s fast, it’s a great workout.
What vacation spot is on your bucket list?
Probably South Africa. My significant other is from South Africa. I think it’s a beautiful place, and the history behind it is really intriguing.
If you could domesticate a wild animal, what animal would it be?
I am Kaagwaantaan; in our Tlingit culture I’m an Eagle/Wolf. So my first would be a wolf; my second would be an eagle.
Possible: How We Survive (and Thrive) in an Age of Conflict by William Ury.
What charity or cause are you passionate about?
Big Brothers Big Sisters.
What’s the first thing you do when you get home after a long day at work?
I jump on my Peloton. I love my Peloton bike. It’s easy, it’s fast, it’s a great workout.
What vacation spot is on your bucket list?
Probably South Africa. My significant other is from South Africa. I think it’s a beautiful place, and the history behind it is really intriguing.
If you could domesticate a wild animal, what animal would it be?
I am Kaagwaantaan; in our Tlingit culture I’m an Eagle/Wolf. So my first would be a wolf; my second would be an eagle.
Off the Cuff
e’ve always been doing cool things,” says Russell Dick of the seeming overnight success of Huna Totem Corporation. Converting a defunct fish cannery in Hoonah into the Icy Strait Point tourist magnet has, with other investments, propelled the corporation to the top ranks of Alaska companies.
While the growth happened under Dick as president and CEO, he reserves most credit for his staff: “We’ve got people that are excited about what they do and the impact that tourism can have in the state of Alaska, in our region, and in our community.”
Dick grew up around Huna Totem; his father was the corporation’s longest-serving chairman of the board. To serve his community, Dick studied industrial engineering at Stanford University—“It’s about managing organizations, managing people, setting up processes, how to make things more efficient. It takes a lot of the people side of business, integrating with the technical side of business,” he explains—and then returned to Palo Alto for a master’s degree in management.
- Airport Equipment Rentals
- Alasconnect
- Alaska Air Cargo - Alaska Airlines
- Alaska Dreams Inc
- Alaska International Business Center
- Alaska Pacific University
- Alaska Travel Industry Association
- Altman, Rogers & Co.
- Anchorage Chrysler Dodge
- Anchorage Convention Centers
- Anchorage Sand & Gravel
- Arctic Slope Regional Corporation
- ASTAC - Arctic Slope Telephone Assoc
- Calista Corporation
- Chugach Alaska Corporation
- City and Borough of Wrangell
- Color Art Printing, Inc.
- ConocoPhillips Alaska
- Conrad-Houston Insurance Agency
- Construction Machinery Industrial
- Cook Inlet Tug & Barge Inc
- Craig Taylor Equipment
- Davis Wright Tremaine Llp
- Denali Commercial
- Donlin Gold
- Dorsey & Whitney LLP
- Doyon, Limited
- Equipment Source, Inc
- First National Bank Alaska
- Fountainhead Development
- Gana-A' Yoo Ltd
- GCI
- GCI
- JEFFCO Inc.
- Kinross Alaska
- Koniag Inc
- Landye Bennett Blumstein LLP
- LONG Building Technologies
- Lynden
- Material Flow & Conveyor Systems, Inc.
- Matson Inc.
- MICROCOM
- Nana Regional Corp
- Nenana Heating Services, Inc
- Northern Air Cargo
- Northrim Bank
- Oxford Assaying & Refining Inc
- Parker, Smith & Feek
- PeopleAK
- Personnel Plus Employment Agency
- Price Gregory International Inc
- Quintillion
- Resolve Marine
- Schwabe, Williamson & Wyatt, P.C.
- T. Rowe Price
- Toast of the Town
- Tongass Federal Credit Union
- TOTE Maritime Alaska LLC
- Udelhoven Oilfield System Services, Inc
- Ukpeagvik Inupiat Corporation
- Ukpeagvik Inupiat Corporation
- Umialik Insurance Company
- United Way of Anchorage
- University of Alaska Office of Public Affairs
- Usibelli Coal Mine
- Verizon
- Yukon Equipment Inc
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