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September 2024 | Volume 40 | Number 9 | AKBIZMAG.COM

Contents

Features

Honored Owners
Alaska winners of the 2024 Small Business Administration awards

By Amy Newman

Growth in the Forest
Alyeska Resort expands for guests and neighbors

By Vanessa Orr

Commercial Conversions
An obvious but unlikely source of housing

By Rachael Kvapil

Stranded No More
Converging strategies to liberate North Slope natural gas

By Mikel Insalaco

Customers, Members, or Both
Comparing co-ops and private utilities

By Chuck Green
a bearded man wearing a cap and a red short sleeved flannel pictured in The Hoarding Marmot thrift store

Secondhand Experience
Thrift stores at a crossroads

By Scott Rhode
Alaska Business

First Pour
Manh Choh joins the ranks of producing gold mines

By Terri Marshall
Kinross Alaska
three women wearing safety vests and sweatshirts look closely at dirt in a metal tray

Swim Free or Die
Effects of fish farming on the wild harvest

By Alex Appel

Wired Cattle
High-tech tools for Alaska livestock

By Rindi White

A Tool and a Teammate
Generative AI in marketing, advertising, public relations, and design

By Tracy Barbour

Hello? Are You There?
VoIP and the customer interaction

By Adam Mohr

Honored Owners
Alaska winners of the 2024 Small Business Administration awards

By Amy Newman

Secondhand Experience
Thrift stores at a crossroads

By Scott Rhode
Alaska Business
a bearded man wearing a cap and a red short sleeved flannel pictured in The Hoarding Marmot thrift store

Growth in the Forest
Alyeska Resort expands for guests and neighbors

By Vanessa Orr

Commercial Conversions
An obvious but unlikely source of housing

By Rachael Kvapil

Stranded No More
Converging strategies to liberate North Slope natural gas

By Mikel Insalaco

Customers, Members, or Both
Comparing co-ops and private utilities

By Chuck Green

First Pour
Manh Choh joins the ranks of producing gold mines

By Terri Marshall
Kinross Alaska
three women wearing safety vests and sweatshirts look closely at dirt in a metal tray

Swim Free or Die
Effects of fish farming on the wild harvest

By Alex Appel

Wired Cattle
High-tech tools for Alaska livestock

By Rindi White

A Tool and a Teammate
Generative AI in marketing, advertising, public relations, and design

By Tracy Barbour

Hello? Are You There?
VoIP and the customer interaction

By Adam Mohr
Special Section: Alaska Native
wide view of a man in the seat of a CAT D3C Crawler
By Tasha Anderson
Bering Straits Native Corporation
CORRECTION: Page 41 of the July 2024 issue erroneously describes 49th State Brewing Co. as owning The Boardroom coworking space. The Boardroom is under separate ownership, located in a building on Depot Drive that 49th State Brewing happens to own.
Shee AtikÁ chair Steve Karpstein and vice chair Larry Garrity stand almost back to back in front of a totem pole
By Tasha Anderson
Bering Straits Native Corporation
wide view of a man on a CAT D3C Crawler
CORRECTION: Page 41 of the August 2024 issue erroneously describes 49th State Brewing Co. as owning The Boardroom coworking space. The Boardroom is under separate ownership, located in a building on Depot Drive that 49th State Brewing happens to own.

About The Cover

Before Sitka was Alaska’s first capital city, the Kiks.ádi Tlingit people inhabited the place. To trade with them, the Russian-American Company established a settlement at Sitka Sound. Bountiful woods and waters empowered the Kiks.ádi to resist exploitation, at least until Russian reinforcements arrived and seized Sitka by conquest.

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.

Photography by Caitlin Blaisdell
Alaska Business (ISSN 8756-4092) is published monthly by Alaska Business Publishing Co., Inc. 501 W. Northern Lights Boulevard, Suite 100, Anchorage, Alaska 99503-2577; Telephone: (907) 276-4373. © 2024 Alaska Business Publishing Co. All rights reserved. No part of this publication may be reproduced without written permission from the publisher. Alaska Business accepts no responsibility for unsolicited materials; they will not be returned unless accompanied by a stamped, self addressed envelope. One-year subscription is $39.95 and includes twelve issues (print + digital) and the annual Power List. Single issues of the Power List are $15 each. Single issues of Alaska Business are $4.99 each; $5.99 for the August & October issues. Send subscription orders and address changes to circulation@akbizmag.com. To order back issues ($9.99 each including postage) visit simplecirc.com/back_issues/alaska-business.
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Volume 40, #9

Editorial
Managing Editor
Tasha Anderson
907-257-2907
tanderson@akbizmag.com
Editor/Staff Writer
Scott Rhode
srhode@akbizmag.com
Associate Editor
Rindi White
rindi@akbizmag.com
Editorial Assistant
Emily Olsen
emily@akbizmag.com
PRODUCTION
Art Director
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907-257-2916
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Design & Art Production
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Web Manager
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SALES
VP Sales & Marketing
Charles Bell
907-257-2909
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Senior Account Manager
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907-257-2917
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Senior Account Manager
Christine Merki
907-257-2911
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Marketing Assistant
Tiffany Whited
907-257-2910
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BUSINESS
President
Billie Martin
VP & General Manager
Jason Martin
907-257-2905
jason@akbizmag.com
Accounting Manager
James Barnhill
907-257-2901
accounts@akbizmag.com
CONTACT
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Send address changes to
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From the Editor

F

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.

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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.

Business & Corporate
Energy
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Government Contracts
Healthcare & Tribal Health Organizations
Labor & Employment

Litigation
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Privacy & Security
Real Property
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Small Business
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The Waterworks
Honored Owners
Alaska winners of the 2024 Small Business Administration awards
By Amy Newman
A

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.”

Spreading Warmth and Wellness
“We technically sell hot tubs, saunas, and swim spas,” says Kali Bennett, second-generation owner of The Waterworks and the Alaska Small Business Person of the Year. “But we’re helping Alaskans create a wellness space in their homes and in their lives.”
Retail
A collection of intricately designed ceramic figurines arranged on a wooden table
Secondhand Experience
Thrift stores at a crossroads
By Scott Rhode
W

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.”

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Join thousands of Alaskans helping their communities.
Give to the United Way community campaign.
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HR MATTERS
The Importance of a Competitive Compensation Program
Written by Patty Billingsley, SHRM-SCP, SPHR, CCP PeopleAK Executive Consultant
O

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.

ATTRACTING TOP TALENT
Alaska’s remote location and unique living conditions require businesses to go the extra mile to attract skilled professionals. Potential employees are more likely to consider relocating to Alaska if they are offered salaries and benefits that match or exceed what they could earn elsewhere. Competitive pay, comprehensive health benefits, and attractive retirement plans can make the decision to move to Alaska easier for top-tier candidates.
Tourism
Growth in
the Forest
Alyeska Resort expands for guests
and neighbors
By Vanessa Orr
Mathias Rhode | iStock
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Mathias Rhode | iStock
Growth in the Forest
Alyeska Resort expands for guests and neighbors
By Vanessa Orr
F

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.”

Come
together

Your space for any occasion
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Events | Concerts | Conferences | Conventions | Banquets | Meetings | Trade Shows | Weddings | In-house Catering | Equipment Technology

Anchorage Convention Centers
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ASM Global is the world’s leading producer of entertainment experiences. It is the global leader in venue and event strategy and management – delivering locally tailored solutions and cutting-edge technologies to achieve maximum results for venue owners. The company’s elite venue network spans five continents, with a portfolio of more than 350 of the world’s most prestigious arenas, stadiums, convention, and exhibition centers, and performing arts venues.
Real Estate
Commercial
Conversions
An obvious but unlikely source of housing
By Rachael Kvapil
Patricia Morales | Alaska Business
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Patricia Morales | Alaska Business
Commercial Conversions
An obvious but unlikely source of housing
By Rachael Kvapil
R

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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Ready to Rent.

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Our JCB fleet is engineered for performance and reliability.
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.

Our JCB fleet is engineered for performance and reliability.
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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Oil & Gas
Stranded No More
Converging strategies to liberate North Slope natural gas
By Mikel Insalaco
A

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.

Pivoting North
Economic implications for energy consumption in the Interior are substantial. According to IGU, diesel fuel was 26 percent more expensive than natural gas with equivalent energy content, as of July. For a region with some of the highest energy costs in the nation, the prospect of affordable natural gas represents significant economic relief.

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.

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Reaching new heights.

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.

Utilities
Customers, Members, or Both
Comparing co-ops and private utilities
By Chuck Green
T

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.

Safeguarding Every Journey
When it comes to maritime transportation, trust is built on a foundation of safety.

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.

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Learn More
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Photo Courtesy of Mark Theriault
Call: (907) 248-0179
Email: info@cookinlettug.com
Fax: (907) 248-0087
When it comes to maritime transportation, trust is built on a foundation of safety.

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.

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Learn More
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Photo Courtesy of Mark Theriault
Call: (907) 248-0179
Email: info@cookinlettug.com
Fax: (907) 248-0087
Visit Us at www.cookinlettug.com
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Alaska Native
Alaska Native Special Section
The Indigenous inhabitants of this corner of North America maintained distinct cultures prior to European arrival; indeed, the languages of the northern and western coast, called the Eskaleut family, are entirely unrelated to the Na-Dene family of the Interior and Southeast coast. These diverse groups, brought together by the past century of shared circumstances, have forged an identity as Alaska Natives.

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.

Maria Dosal of Cold Bay, a shareholder of the Aleut Corporation.

Ash Adams | Aleut Corporation

Maria Dosal of Cold Bay, a shareholder of the Aleut Corporation.

Ash Adams | Aleut Corporation

Alaska Native Special Section
The Indigenous inhabitants of this corner of North America maintained distinct cultures prior to European arrival; indeed, the languages of the northern and western coast, called the Eskaleut family, are entirely unrelated to the Na-Dene family of the Interior and Southeast coast. These diverse groups, brought together by the past century of shared circumstances, have forged an identity as Alaska Natives.

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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2024 Alaska
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Lee Baxter:
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Aviation Maritime and Transportation
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Experience what we know about your industry and what it’s like to be represented by Schwabe.
Schwabe, Williamson & Wyatt P.C.
420 L Street, Suite 400
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Experience what we know about your industry and what it’s like to be represented by Schwabe.
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Shee Atiká
Resilience and growth of an ANCSA urban corporation
By Katie Pesznecker
H

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.”

The top firm in Alaska Native law.

Best Law Firm of Alaska Business Denali 2024
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The top firm in Alaska Native law.

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Alaska Native
2024 ANCS Regional Corporation Review
By Tasha Anderson
T

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.

Ahtna, Incorporated
In January, Ahtna announced that the trustees of the Ahtna Hwt’aene Trust decided to issue quarterly distributions in 2024 of $875 each to Ahtna’s Elders, those original shareholders who are 62 years of age or older. This pencils out to $3,500 in total distributions to Elders for the year, which is $500 more than last year, according to Ahtna President Michelle Anderson. “We want our Elders to know they are appreciated,” she states.
Alaska Native
Joint Forces
Multi-village corporations prove stronger together
By Terri Marshall
B

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).

Kjoland | iStock
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Where Tradition and wisdom drive our success
UIC is a proudly Iñupiat corporation with diversified business lines serving clients around the globe. Our traditional values enrich our cutting-edge products and services to create a strong and sustainable future

− from Utqiaġvik, across Alaska, and beyond.
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Photo credit: Amaguq Media
Alaska Native
Meet New ANCSA Leadership
A batch of new presidents and CEOs
By Alexandra Kay
T

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.

Yes | iStock
Beyond Numbers
Fiber internet insures dependability when providing back-office accounting services
By Vanessa Orr
One of the most difficult parts of being a business owner is taking the time to do the financial work that keeps the company running. Beyond Numbers (formerly known as Gray Services) takes on that responsibility so that its clients can spend more time successfully running and building their businesses.

“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.

Alaska Native
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Russell Slaten | Calista Corporation
Rivers of Data
Alaska FiberOptic Project connecting Interior villages
By Tracy Barbour
C

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.

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Building community through phenomenal shared experience
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wise counsel
DORSEY ATTORNEYS HAVE SERVED AS TRUSTED COUNSEL TO ALASKA CLIENTS FOR OVER 20 YEARS
With over two decades of history in the Anchorage community, Dorsey & Whitney provides full-service legal counsel to clients in the Alaska market and beyond. Backed up by the resources of an international law firm with over 550 attorneys across 21 offices, we offer global reach, local resources, and productive relationships. We understand our clients’ businesses, risks, and goals – making us a wise choice for smart businesses everywhere.
Top Ranked Law Firm in Alaska 2024 Best Law Firms® (BL Rankings LLC); Leading Firm 36 Practices Recognized Chambers USA 2024
wise counsel
DORSEY ATTORNEYS HAVE SERVED AS TRUSTED COUNSEL TO ALASKA CLIENTS FOR OVER 20 YEARS
With over two decades of history in the Anchorage community, Dorsey & Whitney provides full-service legal counsel to clients in the Alaska market and beyond. Backed up by the resources of an international law firm with over 550 attorneys across 21 offices, we offer global reach, local resources, and productive relationships. We understand our clients’ businesses, risks, and goals – making us a wise choice for smart businesses everywhere.
Top Ranked Law Firm in Alaska 2024 Best Law Firms® (BL Rankings LLC) text box
Leading Firm 36 Practices Recognized Chambers USA 2024 text box
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Mining
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Kinross Alaska

First Pour
Manh Choh joins the ranks of producing gold mines
By Terri Marshall
M

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.

Perfecting Our
Path Forward
In the Yup’ik language, Ciunerkaput Elluarqurluku means “Constantly perfecting our path forward.” At Calista Corporation, our cultural and corporate values include continuous improvement

Improving the lives of our Shareholders. Growing our companies. Perfecting our path forward.

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FISHERIES
Swim Free or Die
Effects of fish farming on the wild harvest
By Alex Appel
Alaska Seafood Marketing Institute
F

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.

49 years serving the 49th state
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This year, TOTE Maritime Alaska celebrates 49 years in the 49th State! TOTE is proud to have served Alaska since 1975, connecting communities with dedicated, reliable service from Tacoma, WA to Anchorage, Alaska. With our “built for Alaska” vessels and roll-on/roll-off operations, our service and operations were designed to meet the unique needs of the customers and communities of Alaska. Join us in commemorating nearly half a century of excellence in shipping to the Last Frontier.
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TOTEMARITIME.COM

Northbound 800.426.0074 | Southbound 800.234.8683

Agriculture
Wired
Cattle
High-tech tools for Alaska livestock
By Rindi White

Patricia Morales | Alaska Business

I

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.

Backup Power Provides Stability
It’s not the manure that keeps Julia Saunders away from her livestock on Hungate Farms; her cows and pigs are pets, friendly and curious to see if she’ll give them a pet or a treat when they see her. And she’s not put off by a cow flop or pig slop. Saunders has a day job: she runs Advanced Blasting Services, a heavy civil contractor specializing in explosives.

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.

Material Flow and Conveyor Systems Inc.
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Anchorage, AK 99507
Visit Our Website:
www.materialflow.com
Professional Services
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A Tool
and a
Teammate

Generative AI in marketing, advertising, public relations, and design

By Tracy Barbour

Kateryna Kovarzh| iStock

I

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.

Telecom & Tech
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Hello?
Are You There?
VoIP and the customer interaction
By Adam Mohr
Patricia Morales | Alaska Business
R

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.

Innovative Insurance Solutions
focused on reducing businesses’ costs and risk.
+ Insurance Program Design
+ Claims Advocacy/Loss Control
+ Personal Insurance
+ Employee Benefits
+ Surety Services
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96% of our clients continue to do
business with us year after year.

#thePSFdifference
Rooted in Alaska for 35 years | www.psfinc.com
The Focused Manager
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Both Feet in the Boat
How great employees become great managers
By Brian Walch
I

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.

– SPONSORED CONTENT –
Telling Your Best Story with a Business Profile
By Janis Plume, Senior Account Manager
As a business owner you want to find the best way to tell the story of your business. It can be a challenge to share your company’s products, services, and capabilities with existing and potential customers in a way that is engaging and convinces them that your business is worthy of consideration. While display ads are effective at presenting your brand in an eye-catching way, there usually isn’t a lot of room for an informative, persuasive message. Depending on ad size, you’ll have space for three to five lines of well-honed copy—a smaller ad might may necessitate a few bullet points.

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…

Inside Alaska Business
The Binkley Company
News remains daily on the Anchorage Daily News website, but in July the paper stopped printing six days each week. The state’s largest newspaper now puts out printed editions on Wednesdays and Saturdays. In a message to readers, publisher Ryan Binkley noted that only 7 percent of readers interact with content in print; most use digital platforms. Furthermore, print subscriptions have steadily declined while digital subscriptions rose to 19,000. Print subscribers will continue to have access to content published every day on the website, along with an “e-edition” that replicates the layout and features of the print newspaper.

adn.com

Mat-Su Sentinel
A former Anchorage Daily News reporter joined the hyper-local journalism movement by launching the Mat-Su Sentinel. Amy Bushatz began posting stories on her website in June, and some of her reporting was picked up by the big city newspaper. With a focus on local government in the Matanuska-Susitna Borough, the Mat-Su Sentinel is organized as a nonprofit supported by the Tiny News Collective, a national fundraising network established in 2021. Subscriptions, including a weekly newsletter, are free.

matsusentinel.com

Right Moves
Golden Valley Electric Association
Portrait headshot photo of Travis Million smiling
Million
The board of Golden Valley Electric Association (GVEA) chose Travis Million as its CEO, succeeding John Burns, who retired in June. Since last September, Million had been working as GVEA’s chief operating officer. Prior to that, he was CEO at Copper Valley Electric Association, an electric utility that serves roughly 2,700 customers (covering 8,000 people) from Valdez to Glennallen.

Alaska Trends

T

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.

What book is currently on your nightstand?
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.

Portrait photograph close-up view of Russell Dick smiling as he is standing somewhere outside in a body of water as Russell is holding his left hand on top of his light tan/beige plus dark grey mixed camoflauge hat and has an orange-colored windbreaker jacket equipped with a dark grey hiking backpack equipped behind on his back also
What book is currently on your nightstand?
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.

Photos by Kaley McGoey

Off the Cuff

Russell Dick
“W

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.

DIGITAL EDITION ADVERTISERS INDEX
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The perfect combination of brains and brawn.
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John Deere 470G Excavator
The perfect combination of brains and brawn.
The 470G LC is a smart choice. Intelligent features like our Powerwise™ III engine/hydraulic-management system with multiple productivity modes enable you to put that extra ability to use with the same kind of smooth precision that operators have come to expect from our entire line of excavators.
The largest and most diverse equipment fleet across Alaska. text

Anchorage
907.522.6466

The Rental Zone
907.474.2000

Fairbanks
907.456.2000

Kenai
907.335.5466

Delta Junction
907.895.9898

Prudhoe Bay
907.659.2000

Only pay for the speed you need…
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On time and on budget.
At Lynden, we understand that plans change but deadlines don’t. That’s why we proudly offer our exclusive Dynamic Routing system. Designed to work around your unique requirements, Dynamic Routing allows you to choose the mode of transportation — air, sea or land — to control the speed of your deliveries so they arrive just as they are needed. With Lynden you only pay for the speed you need.
1-888-596-3361 | lynden.com
On time and on budget.
At Lynden, we understand that plans change but deadlines don’t. That’s why we proudly offer our exclusive Dynamic Routing system. Designed to work around your unique requirements, Dynamic Routing allows you to choose the mode of transportation — air, sea or land — to control the speed of your deliveries so they arrive just as they are needed. With Lynden you only pay for the speed you need.
1-888-596-3361 | lynden.com
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Alaska Business logo
Thanks for reading our September 2024 issue!