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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 ...
The firm must be a small business based on the North American Industry Classification System (NAICS) [2] for size standards. The business must be at least 51% owned and controlled by U.S. citizens, or a Community Development Corporation, an agricultural cooperative, or an Indian tribe (including Alaska Native Corporations). [3]
Alaska Native Languages American Indians and Alaska Natives in Alaska Below is a full list of the different Alaska Native or Native Alaskan peoples, who are largely defined by their historical languages (within each culture are different tribes):
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with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub.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.
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