Top 10 GovCon Stories – #7 – Changes to the Alaska Native Corporation (ANC) program
The Alaska Native Corporation program was created in 1971 to settle land claims and help improve life for native Alaskans. Spending on ANC contracts has gone from $506 million in 2000 to $5 billion in 2009. However, the ANC program has come under greater scrutiny in 2010. This year legislation has been proposed that would require competition for contracts and that corporations be managed by native executives. Opponents say the program can be reformed, but removing preferences for ANCs is not the answer.
Why it matters to the GovCon space?