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Publication unveils top 49 Alaskan-owned businesses

Juneau's Sealaska, Goldbelt rank 24th and 33rd in the state

Posted: Sunday, October 04, 2009

ANCHORAGE - Alaska Business Monthly and the Alaska State Chamber of Commerce on Thursday announced their list of the top 49 Alaskan-owned businesses, which includes Juneau-based Sealaska Corp. and Goldbelt Inc. They ranked 24th and 33rd, respectively.

The list is based on gross revenue figures from 2008.

Sealaska Corp. took in $125.8 million in revenue and had 171 Alaska employees. Goldbelt Inc. brought in $106 million and employed 200 Alaska employees.

Native corporations continue to be well represented in the list. This year, 12 of the 13 Alaska Native regional corporations were included in the listing and nine other Native organizations made rank.

Native organizations rank first for number of employees, with more than 13,000 Alaskan employees and nearly 55,000 total employees worldwide, both increases from last year. Their total revenues, combined, were about $9.9 billion, up from $7.8 billion last year.

Native organizations bring in 71 percent of the revenue represented by all industries that made the top 49 listing. They also employ more than 58 percent of all Alaska employees. They provide 83 percent of the jobs provided by all companies on the listing.

Arctic Slope Regional Corp. tops the list for the 15th consecutive year, with gross 2008 revenues of $2.3 billion. It is the first time any company has topped the $2 billion mark and the first time three companies, all Native, have topped the billion-dollar mark. Bristol Bay Native Corp. ranked second with about $1.3 billion and NANA Development Corp. third with $1.2 billion.

"These companies are the foundation for a healthy economy," said Jim Martin, vice president and general manager of Alaska Business Monthly. "This is our 25th year compiling the list, and each year it looks brighter. We have never seen such tremendous wealth by Alaskan-owned corporations. Though many work on a worldwide scale, their operations are in Alaska, bringing dollars into the state, versus the large companies with headquarters elsewhere who provide jobs, but take dollars out of the state into their operations offices. We are very proud of our Alaska companies and expect to see growth continue through the year and into next."

The businesses in the overall list represent a healthy Alaska, Martin said.

"Most have seen growth during tough times and provide decent wages to thousands upon thousands of workers. These truly are trailblazers, an example for all to follow," he said.



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