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ANCSA Regional Corporations: Update for 1993-2001. Steve Colt Institute of Social and Economic Research University of Alaska Anchorage afsgc@uaa.alaska.edu Web site: http://hosting.uaa.alaska.edu/~afsgc/ 4 June 2003. History. 1971 – ANCSA Passed
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ANCSA Regional Corporations:Update for 1993-2001 Steve Colt Institute of Social and Economic Research University of Alaska Anchorage afsgc@uaa.alaska.edu Web site: http://hosting.uaa.alaska.edu/~afsgc/ 4 June 2003
History • 1971 – ANCSA Passed • Regional corps promised $6,000 per shareholder in start-up capital • Plus land (!) • 1976 – Corporations began operations • 1980 – Cash distribution completed • Much of asset base in financial assets
History • 1980-1986 • Active investments, mostly within Alaska • Some major losses • 1986-1990 • Reorganization, rethinking • Shareholder permanent funds • 1990s • New beginnings, new directions
History • 1970s – Childhood • 1980s – Teenage Years • 1990s – Young Adults • Childhood = 1976 – 1992 • Adulthood = 1993 – 2001
Total Revenues ($000) Avg growth: 76-92=13.8% , 92-2001 = 17.3%