Chugach Alaska Corporation (Chugach) is proud to announce that we have once again been ranked among the top Alaskan-owned businesses as recognized by Alaska Business. Chugach was ranked #6 for earning $919 million in revenue for 2020. Although this reflects a 6% decline in revenue over 2019, Chugach also achieved the highest operating profit in its five-decade history, placing the corporation in a position of strength and stability despite challenges related to the COVID-19 pandemic.

In order to be considered for the annual Top 49er list, a company must be:

  • A for-profit or not-for-profit organization;
  • At least 51% Alaskan-owned;
  • Headquartered in Alaska; and
  • Operating in Alaska.

Alaska Business began the Top 49er list in 1984, and Chugach has made the list 31 times. While Chugach’s inaugural appearances on the list were closer to the 49th position, rapid growth and diversification in business lines has allowed Chugach to rise to the top of the list, consistently ranking in the top 10 or top five positions.

Chugach is also proud to be in good company with fellow Alaska businesses. The collective gross revenue of the 49 companies who made the list dropped by less than 1%. This is the smallest year-over-year decrease in revenue in the past decade – even during the midst of the pandemic and a struggling economy.

“This year’s list is a reminder of the resilience and fortitude embedded in the Alaska community,’” explains Chugach Chairman and Interim Chief Executive Officer (CEO) Sheri Buretta. “2020 was a challenging year for everyone, but when our collective businesses succeed, we all win. I am confident that by working together and supporting one another, the Alaska community and economy will continue to recover and eventually thrive again.”

As with many other organizations forced to re-imagine business events, this year’s event was held virtually, and included an Executive Question and Answer (Q&A) panel featuring remarks from Buretta.

During the panel, Sheri touched on the challenges and opportunities faced during COVID-19; how Chugach has supported its shareholders, employees and community; and how Chugach’s diversification has allowed us to remain resilient despite headwinds. She also left attendees with a heartfelt note for community members, emphasizing the importance of kindness, gratitude and collaboration during these divisive times.

Check out Alaska Business’ article here for the full list of winners. You can also watch the Executive Q&A here.

For media inquiries, contact Communications
Director Randi Jo Gause

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