Alaska Native Corporations are for-profit organizations established under the Alaska Native Claims Settlement Act of 1971. They were created to manage land and financial resources for Alaska Natives, providing economic opportunities and preserving cultural heritage. Each corporation represents a specific region and is owned by Alaska Native shareholders. These corporations play a significant role in the economic development of Alaska, engaging in various industries such as oil, mining, tourism, and real estate. They also contribute to community services, education, and cultural programs, helping to improve the quality of life for Alaska Natives and their communities.