The Ounalaska Corporation (OC) is the Alaska Native Village Corporation for Unalaska, Alaska, formed in 1973 under the Alaska Native Claims Settlement Act (ANCSA). Incorporated with 269 original Unangan shareholders, OC now works to bring value to almost 500 original shareholders and their descendants.
The Ounalashka Corporation is a for-profit corporation, with a social mission to provide opportunities for its shareholders. The corporation’s main business interests are land leasing and development. OC is the major landowner in Unalaska, where it leases land to commercial and residential clients. Additionally, OC owns and leases premium office properties in downtown Anchorage.
OC is also currently in a joint venture with Chena Power to develop the Makushin geothermal resource, which is located on OC lands. Once completed, this project will provide decades of clean, affordable energy for Unalaska residents and businesses.