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Article: CALISTA CORP.(Brief Article)(Company Profile)(Statistical Data Included)
- Article from:
- Alaska Business Monthly
- Article date:
- September 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Alaska Business Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Hard times are familiar to this Native corporation, but there is hope for a brighter future.
For Calista Corp., the path to self-sufficiency has been a bumpy ride, strewn with the debris of good intentions gone bad, failed business ventures and poor relations with shareholders. And the journey's not over yet, although the beleaguered Bethel-based corporation may finally be headed for smoother trails.
Under the landmark 1971 Alaska Native Claims Settlement Act, nearly $1 billion arid 44 million acres of land was divided between 12 land-based, for-profit regional corporations to settle aboriginal land claims and speed the construction of the trans-Alaska ...