BSNC meaning in Business ?

Bering Straits Native Corporation (BSNC) was formed in 1972 as the Alaska Native Claims Settlement Act (ANCSA) regional corporation for the Bering Straits and Norton Sound region. The corporation actively pursues responsible development of resources and other business opportunities. Through its subsidiaries, BSNC serves the federal government and commercial customers.

The corporation is headquartered in the city of Nome, Alaska, operates a business office in Anchorage, Alaska, and operates site locations in Alaska, across the United States and internationally.

The BSNC region is located in Northwest Alaska and is home to three culturally distinct people: Inupiat, Siberian Yupik and Central Yup’ik. BSNC is owned by more than 7,600 Alaska Native shareholders. BSNC owns and manages a subsurface estate of approximately 2.1 million acres (8,500 km2), 145,728 acres (58,974 ha) of its own and the remainder selected by the region’s 17 village corporations. It employs 534 employees in Alaska out of a total workforce of 1,566 and had a gross revenue of $326 million in 2016.