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MKC was founded in 1979 as a sole proprietorship company and was incorporated in 1992. In 1997, The 13th Regional Corporation purchased 51% ownership to meet qualification in applying for government contracts through the minority/disadvantaged element of the Small Business Administration (SBA) 8(a) program.
The Act lays out the specifics of the corporations' status. Here is an excerpt of the relevant portion: [5] 43 U.S.C. § 1606 (a) Division of Alaska into twelve geographic regions; common heritage and common interest of region; area of region commensurate with operations of Native association; boundary disputes, arbitration.
The 8(a) Business Development program is a Small Business Administration initiative designed to level the federal government contracting playing field for small business owners who are socially ...
HUBZone is a United States Small Business Administration (SBA) program for small companies that operate and employ people in Historically Under-utilized Business Zones (HUBZones). The HUBZone program was created in response to the HUBZone Empowerment Act created by the US Congress in 1998. [ 1 ]
SBA loan statistics. According to the SBA, at the end of 2023 fiscal year:. $27.5 billion in SBA 7(a) loans was approved. Almost 70 percent of 7(a) loans were for amounts under $350,000
The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...
In 1968, nine years after Alaska attained statehood, oil was discovered at Prudhoe Bay.The discovery put the issue of Native lands into the forefront. Three years later, in 1971 President Richard Nixon signed the Alaska Native Claims Settlement Act, which conveyed nearly 150 million acres (610,000 km 2) of federal land into the hands of 12 newly created Alaska Native regional corporations.
Alaska Natives (also known as Alaskan Indians, Alaskan Natives, Native Alaskans, Indigenous Alaskans, Aboriginal Alaskans or First Alaskans) are the Indigenous peoples of Alaska and include Russian Creoles, Iñupiat, Yupik, Aleut, Eyak, Tlingit, Haida, Tsimshian, and a number of Northern Athabaskan cultures. They are often defined by their ...