Situation

Bering Straits Native Corporation (“BSNC”) is a Regional Alaska Native Corporation established under the provisions of the Alaska Native Claims Settlement Act of 1971. The corporation is operated for the sole benefit of its 8,000+ shareholders, providing regular quarterly dividends, educational advancement programs, and employment opportunities. Within its region, BSNC has investments in real estate and development, tourism, construction, and mining.

BSNC identified a potential opportunity for expansion within the region that would align with its strategic goals and wanted assistance in determining the efficacy of an investment.

ZS Role

Zachary Scott was engaged by BSNC to evaluate the opportunity and support BSNC’s executive team through the decision-making process.

Results

Zachary Scott assisted BSNC in evaluating the opportunity with respect to potential returns, viability of the investment, and impact on BSNC’s overall portfolio and region.

This engagement is the latest example of Zachary Scott’s expertise in the Alaskan Native Group ecosystem. Other similar groups who have turned to Zachary Scott for assistance include Bristol Bay Native Corporation (“BBNC”), Bristol Bay Economic Development Corporation (“BBEDC”), Coastal Villages Regional Fund (“CVRF”), and Chugach Alaska Corporation (“Chugach”).