About Yak-Tat Kwaan, Inc.
Yak-Tat Kwaan, Inc. is owned by over 475 shareholders who have Native ties to the village and region of Yakutat in Southeast Alaska. The Corporation was formed under the terms of the Alaska Native Claims Settlement Act (ANCSA) enacted by Congress December 18, 1971. ANCSA paved the way for the formation of 12 Alaska Native regional corporations and approximately 200 village corporations spread throughout 12 regions in Alaska. Alaska Native corporations operate as for-profit entities for the benefit of their owners. Yak-Tat Kwaan works under our Regional ANCSA partner Sealaska.
The Kwaan provides several benefits to its shareholders, including the following:
Dividends & distribution payments from the profits of the Corporation and the Shareholders Settlement Trust
Local jobs and economic growth for Yakutat through the corporation’s businesses and affiliates
Death and burial benefits for shareholders
Management of Kwaan lands, including historical sites, subsistence use areas, and Native municipal watershed
The new Board and management have established a solid financial foundation for the corporation. This footing will provide stability for the growth and well being of our shareholders, and our involvement with the community, going forward.
Yak-Tat Kwaan, Inc. is a for-profit ANCSA corporation dedicated to providing meaningful and sustainable benefits to shareholders and our community by developing a portfolio of profitable, diverse business investments while being responsible stewards of our resources, in a manner consistent with our Native values.
As a for-profit ANCSA corporation, Yak-Tat Kwaan, Inc. develops a portfolio of diverse and responsible investments consistent with our community roots and Native values. Our profits are for the benefit of our shareholders, as well as reinvested into the community.
Our portfolio includes: Yak Timber, real estate development and leasing (including Kwaan Plaza and the Ridge Road complex), Broken Oar Construction, TechPort (a Federal IT service provider), gravel for Alaska Coastal Aggregates,managing over 21,000 acres of land and forest around Yakutat, and our relationship with our Regional ANCSA partner Sealaska.