Company News 2020

CARES Act Emergency Assistance and Disaster Relief Program for Shareholders

Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act and appropriated approximately $8 billion from the Coronavirus Relief Fund (CRF) for payments to Indian Tribes. Due to litigation, the funding designated for Alaska Native Corporations (ANCs) was delayed. Following the U.S. Supreme Court’s decision to include ANCs under the CARES Act’s definition of “Indian Tribes,” The Eyak Corporation (TEC) received $967,500 from the U.S. Department of the Treasury (“U.S. Treasury”) that will be utilized...

Archived Company News

Our Anchorage Office Has a New Home

After seven years in mid-town, TEC’s Anchorage office has relocated a couple of miles south, to the Emerald Building. Our new address is...

The Eyak Corporation Updates Alaska Business on Diversification and Investment Plans

The Eyak Corporation (TEC) is the Alaska Native Village Corporation for the community of Cordova, Alaska. TEC celebrated its 43rd birthday in July 2017, and....

The Eyak Corporation Promotes Sue Jolin to Vice President of Finance

Anchorage, Alaska (May 12, 2016): The Eyak Corporation (TEC) is pleased to announce the promotion of Sue Jolin to Vice President of Finance. Jolin had served as TEC’s Senior Controller since her hiring in July 2015. “Sue has accomplished many significant financial and strategic initiatives at...

Homegrown Powerhouses: Alaska’s Native Village Corporations create prosperity, opportunity

When regional corporations develop resources such as timber or oil and gas or zinc, they have to share those resource revenues with the villages through the 7(i) and 7(j)...