Bristol Bay Native Corporation

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Bristol Bay Native Corporation, or BBNC, is one of thirteen Alaska Native Regional Corporations created under the Alaska Native Claims Settlement Act of 1971 (ANCSA) in settlement of aboriginal land claims. Bristol Bay Native Corporation was incorporated in Alaska on June 13, 1972.^[1] Headquartered in Anchorage, Alaska, Bristol Bay Native Corporation is a for-profit corporation with about 7,800 Alaska Native shareholders primarily of Yup'ik, Alutiiq, Aleut, and Dena'ina Athabaskan descent.

1 Officers and Directors
2 Shareholders
3 Lands
4 Business enterprises
5 See Also
6 References
7 External links

[edit] 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.^[1]

[edit] Shareholders

At incorporation, Bristol Bay Native Corporation enrolled 5,401 Alaska Native shareholders,^[2] each of whom received 100 shares of BBNC stock. BBNC presently has about 7,800 shareholders.^[3] As an ANCSA corporation, BBNC has no publicly traded stock and its shares cannot legally be sold.

[edit] Lands

The BBNC region encompasses of about 34 million acres, about the size of the state of Ohio, around Bristol Bay and the northern Alaska Peninsula in southcentral Alaska. Of this, BBNC's land entitlement under ANCSA includes 101,500 acres of surface estabe and 2,716,000 acres subsurface estate.^[2]

[edit] 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)).

[edit] See Also

Badger Army Ammunition Plant, a site operated by BBNC company SpecPro, Inc.

[edit] References

^ ^a ^b Corporations Database. Bristol Bay Native Corporation. Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development. Retrieved on 2007-03-27.
^ ^a ^b Bristol Bay Native Corporation. (2006). "Bristol Bay Region Facts." Retrieved on 2007-03-27.
^ Bristol Bay Native Corporation. (2006). "About Us." Retrieved on 2007-03-27.