The Aleut Corporation, or TAC, is one of thirteen

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 (ANCSA) which settled land and financial claims made by the Alaska Natives and provided for the establi ...

created under the

Alaska Native Claims Settlement Act The Alaska Native Claims Settlement Act (ANCSA) was signed into law by President Richard Nixon on December 18, 1971, constituting at the time the largest land claims settlement in United States history. ANCSA was intended to resolve long-standing i ...

of 1971 (ANCSA) in settlement of aboriginal land claims. The Aleut Corporation was incorporated in

Alaska Alaska ( ; russian: Аляска, Alyaska; ale, Alax̂sxax̂; ; ems, Alas'kaaq; Yup'ik: ''Alaskaq''; tli, Anáaski) is a state located in the Western United States on the northwest extremity of North America. A semi-exclave of the U.S., ...

on June 21, 1972.Corporations Database. Headquartered in

Anchorage, Alaska Anchorage () is the largest city in the U.S. state of Alaska by population. With a population of 291,247 in 2020, it contains nearly 40% of the state's population. The Anchorage metropolitan area, which includes Anchorage and the neighboring Ma ...

, The Aleut Corporation is a for-profit corporation with approximately 3,410

Alaska Native Alaska Natives (also known as Alaskan Natives, Native Alaskans, Indigenous Alaskans, Aboriginal Alaskans or First Alaskans) are the indigenous peoples of Alaska and include Iñupiat, Yupik, Aleut, Eyak, Tlingit, Haida, Tsimshian, and a numbe ...

shareholders,The Aleutian Corporation, 2007. primarily of

Aleut The Aleuts ( ; russian: Алеуты, Aleuty) are the indigenous people of the Aleutian Islands, which are located between the North Pacific Ocean and the Bering Sea. Both the Aleut people and the islands are politically divided between the U ...

descent originating in the

Alaska Peninsula The Alaska Peninsula (also called Aleut Peninsula or Aleutian Peninsula, ale, Alasxix̂; Sugpiaq: ''Aluuwiq'', ''Al'uwiq'') is a peninsula extending about to the southwest from the mainland of Alaska and ending in the Aleutian Islands. The ...

Aleutian Islands The Aleutian Islands (; ; ale, Unangam Tanangin,”Land of the Aleuts", possibly from Chukchi language, Chukchi ''aliat'', "island"), also called the Aleut Islands or Aleutic Islands and known before 1867 as the Catherine Archipelago, are a cha ...

Pribilof Islands The Pribilof Islands (formerly the Northern Fur Seal Islands; ale, Amiq, russian: Острова Прибылова, Ostrova Pribylova) are a group of four volcanic islands off the coast of mainland Alaska, in the Bering Sea, about north of ...

, and Shumagin Islands of Alaska. Under ANCSA, The Aleut Corporation received a settlement of $19.5 million. Its land entitlement included 66,000 acres (270 km²) of surface lands and 1.572 million acres (6,362 km²) of subsurface estate.

Officers and directors

A current listing of The Aleut Corporations' officers and directors, as well as documents filed with the State of Alaska since TAC'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, The Aleut Corporation enrolled 3,249 Alaska Native shareholders, each of whom received 100 shares of TAC stock. As an ANCSA corporation, TAC has no publicly traded stock and its shares cannot legally be sold.

Lands

Under ANCSA, The Aleut Corporation was entitled to 66,000 acres (270 km²) of surface lands and 1.572 million acres (6,362 km²) of subsurface estate. Most of TAC's land selections were made on the Alaska Peninsula and in the Aleutian Islands, Shumagin Islands, and Pribilof Islands.

Enterprises

TAC's primary business areas are in the areas of government contracting, telecommunications,

environmental remediation Environmental remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, or surface water. Remedial action is generally subject to an array of regulatory requirements, and may al ...

, real estate management, trust management, sales of sand, gravel, mineral, and rock aggregates, and investments in oil and gas producing properties and marketable securities. Under federal law, The Aleut Corporation and its majority-owned subsidiaries, joint ventures and partnerships are deemed to be "minority and economically disadvantaged business enterprise . This family of businesses is exempt from the Civil Rights Act of 1964, meaning their employment policies are allowed to be discriminatory.(43 USC 1626(e)).

Citations

References

* Corporations database
The Aleut Corporation
Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development. Retrieved on 2007-03-18. * The Aleut Corporation. (2007)
''Annual Report 2006 — The Aleut Corporation: Honoring Our Traditional Ways''.
Anchorage, AK: The Aleut Corporation. Retrieved on 2007-03-26.