Top 49ers Announced
Alaska State Chamber of Commerce/Alaska Business Monthly Announce Top 49 Alaskan-Owned Companies
Native corporations bring in 71 percent of revenue and 80 percent of worldwide jobs.
ANCHORAGE, Alaska - Alaska Business Monthly and the Alaska State Chamber of Commerce joined together to present ABM's Top 49ers at a luncheon at the Dena'ina Center on Thursday, Oct. 1, 2009, with more than 400 business leaders in attendance. This year's theme for Alaska's Top 49ers is "Trailblazers: Leading the state's top businesses."
The Top 49ers celebrates the Top 49 Alaskan-owned and -operated businesses in the state, based on gross revenues. This year 2008 revenue figures were used.
"It's amazing what these companies do," said Jim Martin, vice president and general manager of Alaska Business Monthly. "They are home grown and some of the wealthiest in the state. This year Arctic Slope Regional Corporation had 2008 gross revenues of more than $2 billion. We have never seen that kind of prosperity from any company in our 25 years of doing this listing."
Listed are the Top 49 companies by rank and revenue.
Rank, Company, Revenue ($Mil.), Hdqtrs., Type of Business, Alaska Employees
1 Arctic Slope Regional Corp., $2,300.00, Barrow, Native Organization, 3,500
2 Bristol Bay Native Corp., $1,294.85, Anchorage, Native Organization, 500
3 NANA Development Corp., $1,175.5, Anchorage, Native Organization, 3,000
4 Chugach Alaska Corp., $952.00, Anchorage, Native Organization, 1,200
5 Chenega Corp. , $894.00, Anchorage, Native Organization, 329
6 Lynden, $780.00, Anchorage, Transportation, 748
7 Afognak Native Corp./Alutiiq, $729.80, Kodiak, Native Organization, 147
8 Ukpeagvik Inupiat Corp., $334.30, Barrow, Native Organization, 486
9 Alaska USA Federal Credit Union, $311.6, Anchorage, Finance, 1,179
10 Doyon Limited, $295.56, Fairbanks, Native Organization, 1,602
11 Chugach Electric Association Inc., $289.5, Anchorage, Utilities, 319
12 The Eyak Corporation , $281.70, Anchorage, Native Organization, 83
13 Cape Fox Corp., $224.19, Ketchikan, Native Organization, 114
14 Calista Corp., $224.09, Anchorage, Native Organization, 261
15 Golden Valley Electric Association Inc., $214.00, Fairbanks, Utilities, 249
16 Ahtna Inc., $194.17, Glennallen, Native Organization, 612
17 USTravel, $192.00, Anchorage, Tourism, 95
18 Davis Constructors & Engineers Inc., $178.2, Anchorage, Construction, 210
19 First National Bank Alaska, $170.67, Anchorage, Finance, $729
20 Wilson Agency LLC, The, $159.90, Anchorage, Finance, Insurance, 17
21 Tyonek Native Corp., $135.00, Anchorage, Native Organization, 50
22 Cook Inlet Region Inc., $132.20, Anchorage, Native Organization, 75
23 Peak Oilfield Service Co., $132.00, Anchorage, Industrial Services, 625
24 Sealaska Corp. , $125.77, Juneau, Native Organization, 171
25 Construction Machinery Industrial LLC, $124.00, Anchorage, Construction, 114
26 Frontier Alaska, $124.00, Fairbanks, Transportation, 700
27 Udelhoven Oilfield System Services Inc., $123.62, Anchorage, Ind. Services, 495
28 Alaska Interstate Construction LLC, $123.5, Anchorage, Construction, 600
29 Carlile Transportation Systems, $123, Anchorage, Transportation, 600
30 The Aleut Corp., $116.00, Anchorage, Native Organization, 126
31 Bering Straits Native Corp., $113.34, Nome, Native Organization, 295
32 Neeser Construction Inc., $110.00, Anchorage, Construction, 339
33 Goldbelt Inc., $106.00, Juneau, Native Organization, 200
34 Matanuska Telephone Association Inc., $103.29, Palmer, Utilities, 400
34 Koniag Inc., $101.26, Kodiak Native Organization, 45
36 The Tatitlek Corporation, $90.00, Anchorage, Native Organization, 156
37 Olgoonik Corp., $82.00, Anchorage, Native Organization, 87
38 Watterson Construction Co., $78.00, Anchorage, Construction, 119
39 Usibelli Coal Mine Inc., $73.12, Healy, Mining, 141
40 Peninsula Airways Inc., $70.10, Anchorage, Transportation, 490
41 Colville Inc., $64.4, Prudhoe Bay, Industrial Services, 80
42 Seekins Ford Lincoln Mercury Inc., $60.40, Fairbanks, Retail Trade, 113
43 UNIT Company, $59.00, Anchorage, Construction, 75
44 Roger Hickel Contracting Inc., $58.05, Anchorage, Construction, 120
45 Airport Equipment Rentals, $57.67, Fairbanks, Retail Trade, 102
46 Northrim BanCorp Inc., $57.2, Anchorage, Finance, 302
47 Alaska Industrial Hardware Inc., $53.20, Anchorage, Wholesale Trade, 230
48 Anchorage Chrysler Dodge Center, $51.61, Anchorage, Retail Trade, 100
49 Alcan Electrical & Engineering, $50.5, Anchorage, Construction, 178
Of note, the Top 49ers employ more than 65,000 workers, of which more than 22,500 were employed in Alaska. Companies on the list had combined total gross revenue of $13.9 billion, up from last year's $11.8 billion.
And of the 49 businesses represented here, 36 (last year it was 38) saw an increase in revenues ranging from about less than 1 percent to more than 271 percent, as was the case with Cape Fox Corp. Thirteen saw a decrease in revenues, most of those less than 10 percent.
"These companies 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."
The Role of Native Business
An important trend, but not a new one, is the growth of Native corporations in the state. This year, 12 of the 13 Alaska Native regional corporations were included on the listing. In addition, 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 49er 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. has topped the listing for 15 consecutive years, this year, as previously stated, 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.
Other corporations are on their heels: Chugach Alaska Corp. has reported 2008 gross revenues of $952 million, Chenega Corp, $894 million and Lynden, $780 million. Definitely companies to watch.
"These companies are the foundation for a healthy economy," Martin said. "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."
This is the first year ABM and the Alaska State Chamber joined together to present the 49ers. In the past, it was done during the Anchorage Chamber of Commerce's Monday forums.
"We decided these companies have a statewide presence and the Alaska State Chamber was a better partner for this kind of program," said Martin. "It's win-win for both of us."
Companies that made the list reside all across the state, including Anchorage, Barrow, Fairbanks, Glennallen, Healy, Juneau, Ketchikan, Kodiak, Nome, Palmer and Prudhoe Bay. For more information, contact Debbie Cutler or Jim Martin at 907-276-4373 or toll free at 800-770-4373.