Bristol Bay Native Corporation, or BBNC, is one of thirteen Alaska Native Regional Corporations

Alaska Native Regional Corporations

The Alaska Native Regional Corporations were established in 1971 when the United States Congress passed the Alaska Native Claims Settlement Act which settled land and financial claims made by the Alaska Natives and provided for the establishment of 13 regional corporations to administer those...

 created under the Alaska Native Claims Settlement Act

Alaska Native Claims Settlement Act

The Alaska Native Claims Settlement Act, commonly abbreviated ANCSA, was signed into law by President Richard M. Nixon on December 23, 1971, the largest land claims settlement in United States history. ANCSA was intended to resolve the long-standing issues surrounding aboriginal land claims in...

 of 1971 (ANCSA) in settlement of aboriginal land claims. Bristol Bay Native Corporation was incorporated in Alaska

Alaska

Alaska is the largest state in the United States by area. It is situated in the northwest extremity of the North American continent, with Canada to the east, the Arctic Ocean to the north, and the Pacific Ocean to the west and south, with Russia further west across the Bering Strait...

 on June 13, 1972. Headquartered in Anchorage

Anchorage, Alaska

Anchorage is a unified home rule municipality in the southcentral part of the U.S. state of Alaska. It is the northernmost major city in the United States...

, Alaska

Alaska

Alaska is the largest state in the United States by area. It is situated in the northwest extremity of the North American continent, with Canada to the east, the Arctic Ocean to the north, and the Pacific Ocean to the west and south, with Russia further west across the Bering Strait...

, Bristol Bay Native Corporation is a for-profit corporation with approximately 8,700 Alaska Native

Alaska Natives

Alaska Natives are the indigenous peoples of Alaska. They include: Aleut, Inuit, Tlingit, Haida, Tsimshian, Eyak, and a number of Northern Athabaskan cultures.-History:In 1912 the Alaska Native Brotherhood was founded...

 shareholders primarily of Yup'ik, Alutiiq

Alutiiq

The Alutiiq , also called Pacific Yupik or Sugpiaq, are a southern coastal people of the Native peoples of Alaska. Their language is called Sugstun, and it is one of Eskimo languages, belonging to the Yup’ik branch of these languages. They are not to be confused with the Aleuts, who live further...

, Aleut, and Dena'ina Athabaskan descent.

Officers and Directors

A current listing of Bristol Bay Native Corporation's officers and directors, as well as documents filed with the State of Alaska since BBNC's incorporation, are available online through the Corporations Database of the Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development.

Shareholders

At incorporation, Bristol Bay Native Corporation enrolled 5,401 Alaska Native

Alaska Natives

Alaska Natives are the indigenous peoples of Alaska. They include: Aleut, Inuit, Tlingit, Haida, Tsimshian, Eyak, and a number of Northern Athabaskan cultures.-History:In 1912 the Alaska Native Brotherhood was founded...

 shareholders, each of whom received 100 shares of BBNC stock. BBNC presently has about 7,800 shareholders. As an ANCSA corporation, BBNC has no publicly traded stock and its shares cannot legally be sold.

Lands

The BBNC region encompasses of about 34 million acres (140,000 km²), about the size of the state of Ohio

Ohio

Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...

, around Bristol Bay

Bristol Bay

Bristol Bay is the eastern-most arm of the Bering Sea, at 57° to 59° North 157° to 162° West in Southwest Alaska. Bristol Bay is 400 km long and 290 km, wide at its mouth...

 and the northern Alaska Peninsula

Alaska Peninsula

The Alaska Peninsula is a peninsula extending about to the southwest from the mainland of Alaska and ending in the Aleutian Islands. The peninsula separates the Pacific Ocean from Bristol Bay, an arm of the Bering Sea....

 in southcentral Alaska

Alaska

Alaska is the largest state in the United States by area. It is situated in the northwest extremity of the North American continent, with Canada to the east, the Arctic Ocean to the north, and the Pacific Ocean to the west and south, with Russia further west across the Bering Strait...

. Of this, BBNC's land entitlement under ANCSA

Alaska Native Claims Settlement Act

The Alaska Native Claims Settlement Act, commonly abbreviated ANCSA, was signed into law by President Richard M. Nixon on December 23, 1971, the largest land claims settlement in United States history. ANCSA was intended to resolve the long-standing issues surrounding aboriginal land claims in...

 includes 101,500 acres (411 km²) of surface estate and 2,716,000 acres (10,990 km²) subsurface estate.

Alaska Governor and Vice-Presidential nominee Sarah Palin disclosed her finances in 2007, reporting at least $5,000 worth of dividends in BBNC for the 2006 calendar year.

Business enterprises

Under federal law, Bristol Bay Native Corporation and its majority-owned subsidiaries, joint ventures and partnerships are deemed to be "minority and economically disadvantaged business enterprise[s]" (43 USC 1626(e)).

See also

Badger Army Ammunition Plant

Badger Army Ammunition Plant

The Badger Army Ammunition Plant or Badger Ordnance Works is an excess, non-BRAC, United States Army facility located near Baraboo, Wisconsin. Badger consists of 7,354 acres  of land. It manufactured nitrocellulose-based propellants during World War II, the Korean War, and the Vietnam...

, a site operated by BBNC company SpecPro, Inc.