Arctic Slope Regional Corporation

Company profile

Arctic Slope Regional Corporation company profile

ASRC's mission is to actively manage their businesses, their lands and resources, their investments, and their relationships to enhance Iñupiaq cultural and economic freedom - with continuity, responsibility, and integrity. Arctic Slope Regional Corporation (ASRC) was established pursuant to the Alaska Native Claims Settlement Act of 1971. Incorporated in 1972, ASRC has its corporate headquarters in Barrow, Alaska with administrative and subsidiary offices located in Anchorage and throughout the United States. The past 43 years has been a time of growth and diversification for ASRC. Although Arctic Slope Regional Corporation had humble beginnings, and there was a time the company’s leaders worked for no pay, it is now the largest Alaskan-owned company – with approximately 10,000 employees worldwide. It has been the largest locally-owned and operated business in Alaska for the past 20 years. ASRC is a private, for-profit corporation that is owned by and represents the business interests of its 12,000 Iñupiat Eskimo shareholders in the villages of Point Hope, Point Lay, Wainwright, Atqasuk, Barrow, Nuiqsut, Kaktovik, and Anaktuvuk Pass. Some of the corporation’s shareholders live outside of the region in Alaska, with a small number residing in the Lower 48. ASRC owns title to nearly five million acres of land on Alaska's North Slope which contain a high potential for oil, gas, coal and base metal sulfides. Additionally ASRC owns subsurface rights to certain lands, and has surface rights to other lands. ASRC, as a steward of the land, continuously strives to balance management of cultural resources with management of natural resources.