Top 49ers: Alaska's Economic Pipelines to the Future.

• Author: Cutler, Debbie
• Position: 2007 Alaska's Top 49ers: Economic Pipelines to the Future - Directory - Company rankings

It's been 30 years since the first tanker full of oil left Valdez aboard the SS Arco Juneau after being transported through the 800-mile trans-Alaska oil pipeline that began in Prudhoe Bay and ended in the ice-free port from which it was shipped.

It's been 23 years since Alaska Business Monthly started recognizing the Top 49 Alaskan-owned and -operated companies, based on gross revenues. This year's theme, Top 49ers: Alaska's Economic Pipelines to the Future, was developed with the idea of how these 49 companies, like the TAPs pipeline, provide employment and economic benefits to the state.

"Oil production is on the decline, predictably on the decline," said Vern McCorkle, publisher of ABM. "But through other industries, such as those featured on this list, our economy shows diversification, enough so that we can stand in confidence even with oil looking a bit bleak unless more exploration is done, offshore development is allowed in areas such as the Beaufort Sea, or the Arctic National Wildlife Refuge is opened for development."

These Top 49 companies provide more than $9.8 billion in revenue and more than 12,165 jobs, 11,095 of which are in Alaska. They represent the gamut of industry, everything from construction to finance/insurance/real estate, to mining, Native business, transportation and more.

"These companies are the cornerstones of the new Alaska," said Jim Martin, vice president and general manager. "Without them, we would be hurting. I'm not talking a mild economic depression either. These are the new pipelines to Alaska's economic health."

And strong the economy is, as Anchorage Mayor Mark Begich recently declared in a State of the City address, given before leaders of Alaska in an Anchorage Chamber of Commerce forum.

"The state of our economy is healthy with a building boom we haven't seen in a generation," he said. "Our budget is balanced. We are building a city for today and tomorrow's generations."

According to the Anchorage Economic Development Corp., 2,500 new jobs are predicted to be added to Anchorage during 2007, an increase of 1.7 percent above 2006 figures. Anchorage marks its 19th consecutive year of employment growth. Other major communities, such as Fairbanks, Juneau, Wasilla/Palmer are also seeing growth.

"I'm not saying we don't need oil," McCorkle asserted. "My head is not in the sand. We also need the gas line. It is important to our future economy. But what I am saying is companies, like those on this list, provide secondary economic growth and if we lost oil or gas as main industries, we may, just may, be able to stand on our own two feet as a city and state. Diversification is key."

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Top 49er companies/industries showing the most benefit to Alaska's future, include Native organizations, which employ more than 3,000 instate and about 5,300 total, with combined gross revenues of nearly $5.5 billion; transportation, which employs 1,699 instate and has combined gross revenues of $861 million; construction with 1,579 instate employees, and combined gross revenues of $678 million, and industrial services, most of which are in the oil industry, showing 972 jobs and $1.14 billion in combined gross revenues.

"Look through the listing, at the parent corporations' and their subsidiaries' revenues and growth," said Martin. "All show stability and promise."

2007 ALASKA'S TOP 49ERS: ECONOMIC PIPELINES TO THE FUTURE

(1)

Arctic Slope Regional Corp.

P.O. Box 129

Barrow, AK 99723

Phone: 852-8633

Fax: 852-5733

Internet: www.asrc.com

Top Executive: Roberta "Bobbi" Quintavell, Pres./CEO

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Worldwide Employees: 7,400 Alaska Employees: 3,800 Year Established: 1972 49er Rank Last Year: 1 REVENUE: (Millions $) 2006 1,700.00 2005 1,587.00 2004 1,316.00 2003 1,016.00 2002 973.67 Change From 2005 7.12% Main Business: Native Organization

Principal Activities: Energy services, petroleum refining and marketing, engineering and construction, government services, resource development, commercial lending, tourism and communications. ASRC also participates in various partnerships, joint ventures and other business activities.

Subsidiaries: ASRC Energy Services Inc., Petro Star Inc., ASRC Federal Holding Co. LLC, Alaska Growth Capital Bidco Inc., Eskimo's Inc., Tundra Tours and ASRC Construction Holding Co. All subsidiaries are wholly owned by ASRC. Several subsidiaries have locations in Alaska that are focused on serving local demand for goods and services and on providing capital support for economic development in rural Alaska. Through its subsidiaries, ASRC operates in most states in the United States as well as in several foreign countries.

(2)

Chugach Alaska Corp.

560 E. 34th Ave. and 561 E. 36th Ave.

Anchorage, AK 99503-4396

Phone: 563-8866

Fax: 563-8402

Internet: www.chugach-ak.com

Info E-Mail: bwelty@chugach-ak.com

Top Executive: Barney Uhart, Pres./CEO

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Worldwide Employees: 6,524 Alaska Employees: 1,298 Year Established: 1971 49er Rank Last Year: 2 REVENUE: (Millions $) 2006 890.00 2005 785.00 2004 700.00 2003 546.00 2002 354.36 Change From 2005 13.38% Main Business: Native Organization

Principal Activities: Government service contracting, construction and construction management, environmental management services, vocational training and job placement, temporary employment services, hazardous material (oil) spill response services, information technology, telecommunications and civil engineering.

Subsidiaries: Chugach Management Services Inc., Chugach Support Services Inc., Chugach Systems Integration LLC, Chugach McKinley Inc., Chugach Industries Inc., Chugach Government Services Inc., Chugach Government Services and Chugach World Services Inc. (CWSI).

Noteworthy Events in 2006: Nuchek Spirit Camp is held every summer and allows shareholders and their decedents the opportunity to learn traditional subsistence skills, storytelling, crafts and the preservation of their culture.

(3)

VECO Corporation

3601 C St., Suite 1000

Anchorage, AK 99503

Phone: 264-8100

Fax: 264-8130

Internet: www.veco.com

Info E-Mail: veco@veco.com

Top Executive: Tammy Kerrigan, Chairman

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Worldwide Employees: 5,375 Alaska Employees: 2,800 Year Established: 1968 49er Rank Last Year: 3 REVENUE: (Millions $) 2006 883.00 2005 665.00 2004 323.00 2003 323.00 2002 505.00 Change From 2005 32.78% Main Business: Industrial Services Oil & Gas Construction

Principal Activities: Engineering, construction, procurement, operations and maintenance, and program management.

Subsidiaries: VECO Alaska, VECO Canada, VECO International and VECO USA.

Noteworthy Events in 2006: NSF Arctic Logistics, multiple refineries in Washington and other locations, including Sinclair, Wyoming Surmount, CNRL, Suncor and other Canadian Oil Sands projects. Exxon Sakhalin project, Rosneft and Vankor project.

(4)

NANA Development Corp.

1001 E. Benson Blvd.

Anchorage, AK 99508

Phone: 265-4100

Fax: 265-4123

Internet: www.nana.com

Info E-Mail: info@nana.com

Top Executive: Helvi K. Sandvik, Pres.

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Worldwide Employees: 6,000 Alaska Employees: 2,000 Year Established: 1972 49er Rank Last Year: 6 REVENUE: (Millions $) 2006 806.00 2005 527.00 2004 331.00 2003 263.00 2002 202.00 Change From 2005 52.94% Main Business: Native Organization

Principal Activities: Oil-field services, mining, hotels/ tourism, contract services, engineering and professional management services.

Subsidiaries: Akima Management Services Inc., NANA Services LLC, NANA Pacific LLC, Courtyard by Marriott, Spring Hill Suites by Marriott (Anchorage and Fairbanks), Residence Inn by Marriott, Nullagvik Hotel, NANA Management Services LLC, NANA Colt Engineering LLC, DOWL Engineers LLC, Worksafe Inc., NANA Oil Field Services Inc., NANA Lynden Logistics LLC, NANA Major Drilling LLC, KPSG LLC, ASCG Inc., Qivliq LLC and Arctic Caribou Inn.

Noteworthy Events in 2006: NANA Development Corp. is a wholly owned subsidiary of NANA Regional Corp. Inc. (based in Kotzebue).

(5)

Chenega Corp.

3000 C St., Suite 301

Anchorage, AK 99503

Phone: 277-5706

Fax: 277-5700

Internet: www.chenega.com

Info E-Mail: kwoolston@chenegacorp.com

Top Executive: Charles W. Totemoff, Pres./CEO

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Worldwide Employees: 3,000 Alaska Employees: 70 Year Established: 1974 49er Rank Last Year: 4 REVENUE: (Millions $) 2006 782.00 2005 643.00 2004 481.00 2003 234.00 2002 117.00 Change From 2005 21.62% Main Business: Native Organization

Principal Activities: Professional services contracting for the federal government, including information technology, military base work, security services, logistics, training, Intel and military operations, telecommunication, environmental services, light manufacturing and hotel management.

Subsidiaries: Chenega Technology Services Corp., Chenega Management LLC, Chenega Integrated Systems LLC, Chenega Advanced Solutions and Engineering LLC, NJVC LLC, Chenga Power LLC, Chaaniqmuit Services Ltd., Chenega Hotel Management LLC, Chenega Lodging LLC, Parstrip Rose Garden LLC, Chenega Federal Systems LLC, Chenega Security and Protection Services LLC, Chenega Operations Services LLC, Nangwik Services LLC and Chenega Commercial Services LLC.

Noteworthy Events in 2006: Doubled the business volume from each year for the past two years.

(6)

Bristol Bay Native Corp.

111 W. 16th Ave., Suite 400

Anchorage, AK 99501

Phone: 278-3602

Fax: 276-3924

Internet: www.bbnc.net

Top Executive: Hjalmar Olson, Pres./CEO

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Worldwide Employees: 1,097 Alaska Employees: 442 Year Established: 1972 49er Rank Last Year: 8 REVENUE: (Millions $) 2006 762.41 2005 321.07 2004 259.84 2003 187.39 2002 181.75 Change From 2005 137.46% Main Business: Native Organization

Principal Activities: Diversified holding company; architectural design services, corporate services, environmental/ engineering remedial design services, oil-field services, construction management, environmental/engineering and technical services, IT and engineering...