The US Small Business Administration exists to assist small business growth and development through loan guarantees, contracts, counseling sessions, and other initiatives. One of those is the 8(a) Business Development Program, which helps “small, disadvantaged businesses compete in the marketplace,” in large part through sole-source contracts.
Alaska Native Corporations formed under the Alaska Native Claims Settlement Act (ANCSA) contribute a vast amount and diverse array of economic stability to the state’s $50 billion-plus GDP.
BBNC’s mission statement is “Enriching our Native way of life,” and Metrokin says it is accomplished through a number of ways. BBNC has followed a goal of paying 35 percent of its net income to shareholders in the form of dividends. Its first dividend paid to shareholders was $0.25 a share in 1978, and in the current fiscal year BBNC anticipates paying $32.40 a share, most recently averaging $17 million in shareholders dividends annually.