1970
1971-72

Chugach Natives, Inc. is incorporated

The Alaska Native Claims Settlement Act (ANCSA) is signed into law by President Richard Nixon. Shortly after, Chugach Natives. Inc. is established by original founders Cecil Barnes, Walter Meganack, John Borodkin, Vincent Kvasnikoff and Mary Gordaoff.

1978

Purchase of ORCA cannery

Chugach purchases the Orca cannery and Morpac Cannery, forms Chugach Alaska Fisheries Inc.

1980
1981-82

Financial losses

Food & Drug Administration recalls canned salmon due to botulism, leading to financial losses in the seafood industry.

1982

Chugach Natives Inc. (CNI) Land Settlement

Chugach and the federal government reach a just land settlement with the CNI land agreement. The original 1971 agreement left Chugach with primarily mountaintops and glaciers.

1984

Chugach Renamed

Chugach Natives, Inc. is renamed Chugach Alaska Corporation by the Board of Directors.

1985

Timber Investment

Chugach begins investing in timber within the region.

1987

First Timber Sale, First Dividend

Chugach completes first timber sale, declares first shareholder dividend.

1989

Kodiak Cannery Purchase, Seward Sawmill Completed

Chugach purchases Uganik Cannery on Kodiak Island, completes sawmill in Seward for timber harvesting.

1989

Exxon Valdez Oil Spill

The largest oil spill in North America devastates the subsistence lifestyle and fishing and timber industries. The effects are still felt today.

1990
1991

Chugach Files For Bankruptcy

Chugach files for Chapter 11 bankruptcy after impact of Exxon Valdez Oil Spill.

1993

Government Contracting Opportunity

Chugach was one of the first Alaska Native Corporations (ANCs) to set its sights on the federal government contracting business, after securing the right to bid on contracts through the Small Business Administration’s (SBA) 8(a) program. The 8(a) Program was the missing link in the ANCSA, and a mechanism to develop and grow Alaska Native owned businesses. It empowered Chugach to recover from bankruptcy.

1995

First Culture Camp

Chugach holds first annual Nuuciq Spirit Camp at the historic village of Nuchek, located on Hinchinbrook Island in the Prince William Sound. The camp was designed to teach the next generation cultural and subsistence values impacted by the oil spill.

2000
2000

Bankruptcy Paid Off

Chugach pays off bankruptcy, issues first shareholder dividend since bankruptcy.

2003

Elder Dividend

Chugach issues first Elder dividend.

2008

A Strategy for Diversification

Board of Directors adopts new organizational structure and diversification strategy to expand the business to commercial operations and investments.

2009

$1.0 Billion in Revenue

Chugach reaches $1.0 billion in revenue from federal government contracting operations, and employs approximately 5,000 people worldwide, many of whom are veterans.

2010
2010

8(a) Program Under Attack

Section 811 legislation and scrutiny over the Small Business Administration’s 8(a) Program causes revenue declines.

2012

Hawaii Subsidiary

Chugach purchases Hawai’i Native owned mechanical contracting company Heide & Cook, the first acquisition under the commercial pillar of Chugach’s diversification strategy.

2013

Educational Endowment

Chugach invests funds to establish the Chugach Heritage Foundation endowment dedicated to former President/CEO Barney Uhart, who was instrumental in growing Chugach’s government contracting business.

2015-16

Diversification Strategy Expands

Chugach acquires two additional companies — All American Oilfield and Rex Electric and Technologies — under commercial pillar of diversification strategy.

Chugach establishes Chugach Investment Holdings to complete third pillar of diversification strategy.

2015

Reinvesting in Education & Culture

Chugach’s Board of Directors establish the Chugach Heritage Foundation endowment and commit $30 million in future funding to perpetuate educational scholarships and Nuuciq Spirit culture camp for future generations.

2016

Chugach Sells Coal Rights

Chugach sells coal rights within Bering River Coal Field, which were then retired by a conservation agency.  At the same time, Chugach strikes an agreement to begin a historic carbon offset project with Chugach region.

2018

100-Year Plan

Chugach’s Board of Directors establish goal to create Intergenerational Prosperity for the Chugach people and future generations, based on our values of respect, responsibility, resilience and reciprocity.

2018-19

EVOS Land Exchange Progress

The 2019 Chugach Lands Study Act passage opens the door for a potential land exchange opportunity. The Act requires the Department of the Interior and the U.S. Forest Service to conduct a study to identify the effects that federal land acquisitions have had on Chugach’s ability to develop its lands, and to identify accessible and economically viable Federal land for a possible land exchange with the corporation.

2019

$30 Million Reinvestment in Our Heritage

Chugach’s Board of Directors fulfills its commitment to contribute $30 million towards the Chugach Heritage Foundation Endowment. The Endowment funds educational scholarships and Nuuciq Spirit Camp to perpetuate cultural opportunities for future generations.

2019

25th Anniversary of Nuuciq Spirit Camp

Nuuciq Spirit Camp celebrates 25 years of uniting youth and Elders from throughout the Chugach region to connect and rediscover the history and culture of their ancestors.