Company Description:
CAC currently provides exemplary business services in the areas of base operations and facilities maintenance, general construction and construction management, oil and gas, civil engineering, information technology, telecommunications, environmental/oil spill response, metal fabrication, education, and employment services.
More than 2,200 shareholders of Aleut, Eskimo and Indian heritage elect the members of CACs Board of Directors (all of whom are Alaska Natives). The board directs the CEO and President who are assisted by an experienced and qualified managerial staff responsible for the day-to-day operations of the company.
In 1971, Congress significantly departed from its established federal Indian policy by enacting the Alaska Native Claims Settlement Act (ANCSA). Instead of the reservation system, used extensively in other parts of the United States, a system of corporate ownership of assets was developed to ensure long-term profitability and financial independence for Alaska Natives. ANCSA required individuals with one-fourth or more Native blood to enroll as shareholders in corporations organized to administer the land and money they received under the act. Chugach Alaska Corporation (CAC) was formed in 1972 as an ANCSA Corporation.
CAC currently provides exemplary business services in the areas of base operations and facilities maintenance, general construction and construction management, oil and gas, civil engineering, information technology, telecommunications, environmental/oil spill response, metal fabrication, education, and employment services.
More than 2,200 shareholders of Aleut, Eskimo and Indian heritage elect the members of CACs Board of Directors (all of whom are Alaska Natives). The board directs the CEO and President who are assisted by an experienced and qualified managerial staff responsible for the day-to-day operations of the company.
In 1971, Congress significantly departed from its established federal Indian policy by enacting the Alaska Native Claims Settlement Act (ANCSA). Instead of the reservation system, used extensively in other parts of the United States, a system of corporate ownership of assets was developed to ensure long-term profitability and financial independence for Alaska Natives. ANCSA required individuals with one-fourth or more Native blood to enroll as shareholders in corporations organized to administer the land and money they received under the act. Chugach Alaska Corporation (CAC) was formed in 1972 as an ANCSA Corporation.