Native Corporations are business entities established under the Alaska Native Claims Settlement Act of 1971. They were created to manage land and financial assets for Alaska Natives, providing economic opportunities and preserving cultural heritage. Each corporation represents a specific group of Alaska Natives and operates independently. These corporations can engage in various industries, including natural resources, tourism, and real estate. They play a crucial role in the economic development of their communities, offering jobs and supporting local initiatives. Additionally, they help maintain the cultural identity of the Alaska Native people while promoting sustainable growth.