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Bristol Bay Native Corporation

“The learning curve during 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 Samuelson

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Bristol Bay Native Corporation

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  1. “The learning curve during 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 Samuelson BBNC Director and Former President Bristol Bay Native Corporation

  2. Bristol Bay • 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

  3. Conservation Lands • State Lands • Native Lands • Federal Lands Bristol Bay

  4. Wood-Tikchik State Park (largest state park system in United States) • Togiak National Wildlife Refuge • Katmai National Park and Preserve • Becharof National Wildlife Refuge

  5. Black sand beaches • Mountain ranges • Lowland tundra • Wetlands • Volcanoes • Abundant flora and fauna • Wild and scenic rivers

  6. 29 villages • Eskimo, Aleut, and Athabascan people • Each have own distinct Native language and dialect • Local arts and crafts

  7. 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

  8. Caribou • Moose • Bear • Walrus • Beaver • Porcupine • Otter • Fox

  9. Wildlife viewing • Boating and rafting • Fishing • Hunting • Traditional subsistence activities • Air tours • Hiking • Cannery and museum tours • Historic sites

  10. Subsistence • Commercial Fishing • Government • Tourism • Construction

  11. ANCSA capital received: • $32 million • 3 million acres • Major investments: • Peter Pan Seafoods $13 million gain • Hilton Hotel $46 million gain

  12. Revenue ~$1 billion • Investment portfolio >$100 million today • Dividends have increased steadily from $1 to $8.60 annually—totaling over $75 million since 1971

  13. Formed educational foundation with endowment in order to grant scholarships: • Given over $1.4 m • Established shareholder management training program, Training Without Walls

  14. Bristol Bay Native Corporation “The outlook is fabulous. You can be anything you want to be.” Roger Lang Alaska Federation of Natives President

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