BSNC shareholders approve resolution to create BSNC Beringia Settlement Trust.
ANNUAL REVENUE: $415.2 million
The purpose of a settlement trust is to provide for the health, education, cultural preservation and economic welfare of Alaska Native people and descendants who are the beneficiaries of the settlement trust.
The Bureau of Land Management transfers 2,000 acres of ANCSA land at Point Spencer, adjacent to Port Clarence, to BSNC.
ANNUAL REVENUE: $456.2 million
The lands and adjacent waters of Port Clarence have served as a port of refuge for people of the Bering Strait region for centuries, and the site holds important strategic geopolitical as well as historic ancestral and cultural significance.