Background
Ownership
Akmaaq, LLC is owned by NANA Development Corporation (NDC), the business arm of NANA Regional Corporation (NRC), one of the 13 Alaska Native Corporations (ANCs) created by the Alaska Native Claims Settlement Act (ANCSA) of 1971.
ANCSA and NANA
In December of 1971, Congress passed the Alaska Native Claims Settlement Act, a ground-breaking move that intended to resolve aboriginal land claim issues in Alaska and encourage economic development in rural areas. ANCSA created twelve land-owning regional corporations, 200 village corporations, and one at-large corporation. All Native-owned, the ANCs and village corporations have since grown into business drivers in their local communities and the world. Most are made up by a number of subsidiary companies that are as diverse its people. The profits from these businesses go back the shareholders - the people of the region who also direct corporation management - in the form of support for cultural programs, scholarships, internships and employement opportunities.
The NANA Family
The NANA Region is made up of eleven communities and 11,400 Inupiaq shareholders in Northwest Alaska. Together, NRC and NDC manage more than 40 companies in a broad range of industries that include professional, technical, contracting, oilfield, mining, hotel and lodging.
Ownership
Akmaaq, LLC is owned by NANA Development Corporation (NDC), the business arm of NANA Regional Corporation (NRC), one of the 13 Alaska Native Corporations (ANCs) created by the Alaska Native Claims Settlement Act (ANCSA) of 1971.
ANCSA and NANA
In December of 1971, Congress passed the Alaska Native Claims Settlement Act, a ground-breaking move that intended to resolve aboriginal land claim issues in Alaska and encourage economic development in rural areas. ANCSA created twelve land-owning regional corporations, 200 village corporations, and one at-large corporation. All Native-owned, the ANCs and village corporations have since grown into business drivers in their local communities and the world. Most are made up by a number of subsidiary companies that are as diverse its people. The profits from these businesses go back the shareholders - the people of the region who also direct corporation management - in the form of support for cultural programs, scholarships, internships and employement opportunities.
The NANA Family
The NANA Region is made up of eleven communities and 11,400 Inupiaq shareholders in Northwest Alaska. Together, NRC and NDC manage more than 40 companies in a broad range of industries that include professional, technical, contracting, oilfield, mining, hotel and lodging.