Our Corporation
Incorporated in 1972 under the Alaska Native Claims Settlement Act, Eklutna, Inc. has played a vital role in the economic landscape of the Anchorage area. It is an ANCSA Corporation, organized under and bound by the Alaska Corporations Code and the provisions of ANCSA.
Eklutna is the largest private landowner in Anchorage, owning 90,000 acres within the Municipality of Anchorage, including Eagle River, Birchwood, Chugiak, Peters Creek and Eklutna. Additionally, Eklutna has significant holdings in the Matanuska-Susitna Borough, with an approximate 67,000 additional acres due to be conveyed from the Bureau of Land Management. As a land developer, we own some of the last remaining prime commercial, industrial and residential real estate within the Municipality of Anchorage.
Today, the Corporation represents more than 175 shareholders and manages a variety of investments, including shopping centers, office buildings and residential developments.
Alaska Native Claims Settlement Act
Passed in 1971, the Alaska Native Claims Settlement Act (ANCSA) extinguished Native land claims to almost all of Alaska in exchange for about one-ninth of the state's land plus $962.5 million in compensation. By conveying Native land titles to 12 regional and 200 local village corporations chartered under Alaska state law, ANCSA changed the relationship between Natives and the land from one of co-ownership of shared lands to one of corporate shareholding; i.e., land ownership was based on a corporate model, and governmental entities, including traditional or IRA "tribal" governments.
Vision
Building diversification to ensure revenues for all generations. To have progressive, professional, and committed Board and staff; creating opportunities for success of all Eklutna families and dependents.
Mission
To protect and expand Eklutna's assets and business ventures through orderly diversified growth, utilizing sound management, and financial policies. We benefit and endeavor to provide opportunities to assist Shareholders with their own self-determination.
Strategic Goals
- To be both a leading real estate firm and a design/build management firm, specializing in land development, commercial and industrial facilities construction, project management, site acquisition and government contracting.
- To continue to grow our aggregate business and gain significant market share within the Anchorage and Matanuska-Susitna Borough markets.
- To explore contracting and teaming opportunities.
- To assure the appropriate resources are in place to accomplish our goals.
- To evaluate outside diversification opportunities beyond the core business.
- To preserve solid financial management.
- To maintain a positive public image.