An Alaska Native Corporation, Chenega Corporation has gone from landowner to business titan. Founded in 1974 to represent the Chenega people residing in the central Alaskan Prince William Sound region, it operates mostly through its subsidiaries. Chenega Integrated Systems and Chenega Technology Services offer information technology, security training, manufacturing, research and development, network engineering, and military operation support services. Chenega Corporation, whose clients have included the Department of Defense, Department of Homeland Security and EPA, is owned by about 140 Native Alaskan shareholders.
In late 2008 Chenega Corporation expanded its technical and management consulting services offerings by acquiring Time Solutions Corp., whose clients included government, private industry, national laboratories, and universities.
Chenega Corporation also owns the site of the original village of Chenega, the oldest continually inhabited community in the area before it was destroyed by a tsunami in 1964. With some 80,000 acres of land in the Prince William Sound region, Chenega Corporation was the largest private landowner affected by the Exxon Valdez oil spill of 1989. It released about 60,000 acres of land to federal and state agencies for environmental restoration in exchange for some $34 million. It retained ownership of some 20,000 acres as well as some 10 land parcels held for tourism development. – less