bristol bay native corporation “the learning curve during the first decade was phenomenal: learn...
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![Page 1: Bristol Bay Native Corporation “The learning curve during the first decade was phenomenal: learn about the Act, learn about business (competition, financial](https://reader036.vdocument.in/reader036/viewer/2022062519/56649d1f5503460f949f291a/html5/thumbnails/1.jpg)
Bristol Bay Native
Corporation
“The learning curveduring the first decade was phenomenal: learn
about the Act, learn about business (competition, financial statements, management), learn about corporations,
choose a CEO, select land, pick investments,
and communicate all this to the shareholders.”
Harvey SamuelsonBBNC Director and Former
President
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Bristol B
ay
•150 miles southeast of Anchorage, Alaska
•Total land 34 million acres or 40,000 square miles
•ANCSA subsurface conveyance 2.7 million acres
•ANCSA surface and subsurface conveyance 101,500 acres
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• Conservation Lands
• State Lands
• Native Lands
• Federal Lands
Bristo
l Bay
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•Wood-Tikchik State Park (largest state park system in United States)
•Togiak National Wildlife Refuge
•Katmai National Park and Preserve
•Becharof National Wildlife Refuge
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•Black sand beaches
•Mountain ranges
•Lowland tundra
•Wetlands
•Volcanoes
•Abundant flora and fauna
•Wild and scenic rivers
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•29 villages
•Eskimo, Aleut, and Athabascan people
•Each have own distinct Native language and dialect
•Local arts and crafts
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•World-renowned salmon runs
King, sockeye, silver, chum, pink
•Plus rainbow trout, arctic char, grayling, northern pike, lake trout, and Dolly Varden
•Beluga whales and orcas follow salmon runs
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•Caribou
•Moose
•Bear
•Walrus
•Beaver
•Porcupine
•Otter
•Fox
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•Wildlife viewing
•Boating and rafting
•Fishing
•Hunting
•Traditional subsistence activities
•Air tours
•Hiking
•Cannery and museum tours
•Historic sites
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•Subsistence
•Commercial Fishing
•Government
•Tourism
•Construction
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•ANCSA capital received:
∙$32 million
∙3 million acres
•Major investments:
∙Peter Pan Seafoods $13 million gain
∙Hilton Hotel $46 million gain
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•Revenue ~$1 billion
•Investment portfolio >$100 million today
•Dividends have increased steadily from $1 to $8.60 annually—totaling over $75 million since 1971
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•Formed educational foundation with endowment in order to grant scholarships:
∙ Given over $1.4 m
•Established shareholder management training program, Training Without Walls
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“The outlook is
fabulous.
You can be anything
you want to be.”
Roger LangAlaska Federation
of Natives President
Bristol Bay Native
Corporation