The Alaska Native Claims Settlement Act (ANCSA) was intended to resolve the long-standing issues surrounding aboriginal land claims in Alaska, as well as to stimulate economic development throughout Alaska. The settlement transferred Alaska Native land claims to twelve corporations and over 200 local village corporations. With major petroleum dollars on the line, ANCSA rescinded Native claims to aboriginal lands. In return, they received up to 44 million acres of land and were paid $963 million. The land and money were divided among regional, urban, and village corporations. The settlement paved the way for Alaska Natives to build capacity through “for-profit” businesses with the goal of self-sufficiency.
View ANCSA Resources
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