Sealaska
Encyclopedia
Sealaska Corporation is the largest of thirteen Alaska Native Regional Corporations
created under the Alaska Native Claims Settlement Act
of 1971 (ANCSA) in settlement of aboriginal land claims. Sealaska was incorporated in Alaska
on June 16, 1972. Headquartered in Juneau
, Alaska
, Sealaska is a for-profit corporation with 17,600 Alaska Native
shareholders primarily of Tlingit, Haida, and Tsimshian
descent. In 1981 Sealaska Corporation sponsored the creation of the non-profit Sealaska Heritage Foundation, now the Sealaska Heritage Institute, which manages its cultural and educational programs.
, each of whom received 100 shares of Sealaska stock. Approximately 1,800 additional Alaska Natives have since received Sealaska stock through inheritance of shares or gifting. As an ANCSA corporation, Sealaska has no publicly traded stock and its shares cannot legally be sold.
Sealaska shareholders will vote on June 23, 2007 whether to enroll qualified descendants of original shareholders by issuing them 100 shares of life estate stock in Sealaska. If the proposal passes, about 5,500 additional shareholders could be immediately enrolled, with additional descendants being enrolled when they reach age 18. However, unlike shares of original shareholders, the new shares would expire on the descendant's death and could not be willed or gifted. To be eligible, descendants must be children or grandchildren of original Sealaska shareholders, must be of at least one-quarter Alaska Native descent, and must not be a member of any other regional corporation
unless through inheritance or gift. One effect of passage would be to dilute the corporate dividends and voting power of current shareholders. Shareholders will also vote whether to grant senior shareholders an additional 100 shares (nonvoting life estate) and whether to give 100 shares of life estate stock to eligible Alaska Natives born before 1972 who were not enrolled in Sealaska ("leftouts").
Sealaska has established a Permanent Fund, comprising investments in stocks, bonds, real estate and private equity funds, as a source of shareholder dividends. At the end of the 2005 fiscal year, it was valued at $90 million.
and marketing of wood products to Pacific Rim
countries and the Pacific Northwest
, along with land and forest resource management. Sealaska has also diversified its business ventures to include plastics injection molding, manufacturing, environmental consulting, construction and manufacturing aggregates, information technology, and machining and prototyping.
Sealaska employs over 1,000 people, 52 percent of whom are shareholders and descendants working in non-manufacturing sectors of Sealaska's enterprises.
Under federal law, Sealaska and its majority-owned subsidiaries, joint ventures and partnerships are deemed to be "minority and economically disadvantaged business enterprise[s]" (43 USC 1626(e)).
Sealaska's subsidiaries include:
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. Sealaska 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 16, 1972. Headquartered in Juneau
Juneau, Alaska
The City and Borough of Juneau is a unified municipality located on the Gastineau Channel in the panhandle of the U.S. state of Alaska. It has been the capital of Alaska since 1906, when the government of the then-District of Alaska was moved from Sitka as dictated by the U.S. Congress in 1900...
, 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...
, Sealaska is a for-profit corporation with 17,600 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 Tlingit, Haida, and Tsimshian
Tsimshian
The Tsimshian are an indigenous people of the Pacific Northwest Coast. Tsimshian translates to Inside the Skeena River. Their communities are in British Columbia and Alaska, around Terrace and Prince Rupert and the southernmost corner of Alaska on Annette Island. There are approximately 10,000...
descent. In 1981 Sealaska Corporation sponsored the creation of the non-profit Sealaska Heritage Foundation, now the Sealaska Heritage Institute, which manages its cultural and educational programs.
Officers and Directors
A current listing of Sealaska Corporation's officers and directors, as well as documents filed with the State of Alaska since Sealaska'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, Sealaska enrolled 15,782 Alaska NativesAlaska 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...
, each of whom received 100 shares of Sealaska stock. Approximately 1,800 additional Alaska Natives have since received Sealaska stock through inheritance of shares or gifting. As an ANCSA corporation, Sealaska has no publicly traded stock and its shares cannot legally be sold.
Sealaska shareholders will vote on June 23, 2007 whether to enroll qualified descendants of original shareholders by issuing them 100 shares of life estate stock in Sealaska. If the proposal passes, about 5,500 additional shareholders could be immediately enrolled, with additional descendants being enrolled when they reach age 18. However, unlike shares of original shareholders, the new shares would expire on the descendant's death and could not be willed or gifted. To be eligible, descendants must be children or grandchildren of original Sealaska shareholders, must be of at least one-quarter Alaska Native descent, and must not be a member of any other regional corporation
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...
unless through inheritance or gift. One effect of passage would be to dilute the corporate dividends and voting power of current shareholders. Shareholders will also vote whether to grant senior shareholders an additional 100 shares (nonvoting life estate) and whether to give 100 shares of life estate stock to eligible Alaska Natives born before 1972 who were not enrolled in Sealaska ("leftouts").
Sealaska has established a Permanent Fund, comprising investments in stocks, bonds, real estate and private equity funds, as a source of shareholder dividends. At the end of the 2005 fiscal year, it was valued at $90 million.
Lands
Sealaska owns 290000 acres (1,173.6 km²) of surface estate and 560000 acres (2,266.2 km²) of subsurface estate in Southeast Alaska, making it the largest private landholder in the region.Business enterprises
Sealaska's principal economic enterprises have been the harvesting of timberTimber
Timber may refer to:* Timber, a term common in the United Kingdom and Australia for wood materials * Timber, Oregon, an unincorporated community in the U.S...
and marketing of wood products to Pacific Rim
Pacific Rim
The Pacific Rim refers to places around the edge of the Pacific Ocean. The term "Pacific Basin" includes the Pacific Rim and islands in the Pacific Ocean...
countries and the Pacific Northwest
Pacific Northwest
The Pacific Northwest is a region in northwestern North America, bounded by the Pacific Ocean to the west and, loosely, by the Rocky Mountains on the east. Definitions of the region vary and there is no commonly agreed upon boundary, even among Pacific Northwesterners. A common concept of the...
, along with land and forest resource management. Sealaska has also diversified its business ventures to include plastics injection molding, manufacturing, environmental consulting, construction and manufacturing aggregates, information technology, and machining and prototyping.
Sealaska employs over 1,000 people, 52 percent of whom are shareholders and descendants working in non-manufacturing sectors of Sealaska's enterprises.
Under federal law, Sealaska and its majority-owned subsidiaries, joint ventures and partnerships are deemed to be "minority and economically disadvantaged business enterprise[s]" (43 USC 1626(e)).
Sealaska's subsidiaries include:
| Company | Formed | Headquarters | Type of subsidiary |
Enterprises |
|---|---|---|---|---|
| Sealaska Timber Corporation (STC) | 1979 | Ketchikan Ketchikan, Alaska Ketchikan is a city in Ketchikan Gateway Borough, Alaska, United States, the southeasternmost sizable city in that state. With an estimated population of 7,368 in 2010 within the city limits, it is the fifth most populous city in the state.... |
Wholly owned | Timber production and land resource management. |
| Alaska Coastal Aggregates | Juneau Juneau, Alaska The City and Borough of Juneau is a unified municipality located on the Gastineau Channel in the panhandle of the U.S. state of Alaska. It has been the capital of Alaska since 1906, when the government of the then-District of Alaska was moved from Sitka as dictated by the U.S. Congress in 1900... |
Wholly owned | Supplier of construction-grade aggregate material. | |
| Sealaska Environmental Services (SES) | 2003 | Bellevue, Washington Bellevue, Washington Bellevue is a city in the Eastside region of King County, Washington, United States, across Lake Washington from Seattle. Long known as a suburb or satellite city of Seattle, it is now categorized as an edge city or a boomburb. The population was 122,363 at the 2010 census.Downtown Bellevue is... |
Wholly owned | Environmental consulting, engineering and remediation. |
| Synergy Systems | Redmond, Washington Redmond, Washington Redmond is a city in King County, Washington, United States, located east of Seattle. The population was 54,144 at the 2010 census,up from 45,256 in 2000.... |
Wholly owned | Prototype and limited-run machine shop. | |
| Kánaak Corporation | 2005 | Juneau, Alaska Juneau, Alaska The City and Borough of Juneau is a unified municipality located on the Gastineau Channel in the panhandle of the U.S. state of Alaska. It has been the capital of Alaska since 1906, when the government of the then-District of Alaska was moved from Sitka as dictated by the U.S. Congress in 1900... |
Wholly owned | Certified diversity supplier; survivor of a merger with Sealaska subsidiary Triquest Corporation in 2005. |
| Nypro Kánaak | 2002 | Juneau, Alaska Juneau, Alaska The City and Borough of Juneau is a unified municipality located on the Gastineau Channel in the panhandle of the U.S. state of Alaska. It has been the capital of Alaska since 1906, when the government of the then-District of Alaska was moved from Sitka as dictated by the U.S. Congress in 1900... |
Majority-owned joint venture with Nypro Inc. | Plastics injection-molding services, with facilities in Mt. Pleasant, Iowa; Dothan, Alabama Dothan, Alabama Dothan is a city located in the southeastern corner of the US state of Alabama, situated approximately west of the Georgia state line and north of Florida. It is the seat of Houston County, with portions extending into nearby Dale County and Henry County... ; and Zapopan Zapopan Zapopan is a city and municipality located in the Mexican state of Jalisco, which is part of the Guadalajara Metropolitan Area. It is best known as being the home of the Virgin of Zapopan, an image of the Virgin Mary which was made in the 16th century. This image has been credited with a number of... , Jalisco Jalisco Jalisco officially Estado Libre y Soberano de Jalisco is one of the 31 states which, with the Federal District, comprise the 32 Federal Entities of Mexico. It is located in Western Mexico and divided in 125 municipalities and its capital city is Guadalajara.It is one of the more important states... (Guadalajara Guadalajara, Jalisco Guadalajara is the capital of the Mexican state of Jalisco, and the seat of the municipality of Guadalajara. The city is located in the central region of Jalisco in the western-pacific area of Mexico. With a population of 1,564,514 it is Mexico's second most populous municipality... ), Mexico Mexico The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of... . |
| Managed Business Solutions LLC (MBS) | 1993 | Colorado Springs, Colorado Colorado Springs, Colorado Colorado Springs is a Home Rule Municipality that is the county seat and most populous city of El Paso County, Colorado, United States. Colorado Springs is located in South-Central Colorado, in the southern portion of the state. It is situated on Fountain Creek and is located south of the Colorado... |
Majority-owned | Information technology services. Sealaska acquired majority ownership in December 2006. |
External links
- Sealaska Corporation (official website)
- Our Sealaska: For Our Children. Information on resolutions to be voted on at June 2007 shareholder meeting. Retrieved on 2007-03-27.
- Managed Business Solutions
- Nypro Kánaak
- Sealaska Timber Corporation
- Sealaska Heritage Institute