News & Events

TKC honored during Top 49er luncheon

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    Janelle Huntington dreams of the day when she has her own airplane and can explore Alaska’s vast expanse beyond the road system. She knows the financial expense of pursuing her passion of flying, so she decided to pursue a career that naturally matches her interest by becoming an air traffic controller.

    “I just like exploring Alaska, like going to the Interior where my dad’s from, or to the Inupiaq region up north where my brother lives, or the Alutiiq region, where my boyfriend’s family lives,” Janelle said.

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    A potlatch style celebration October 29 at the Crooked Creek Johnny John School gymnasium officially brought a successful end to the summer’s frantic construction of nine new homes to replace those lost in last spring’s devastating flood of the Kuskokwim River.

    Helen Macar, who was pregnant during the record flood, held her newborn as she thanked everyone for her new home and tearfully recalled the ordeal of her life.

    “I was five-months pregnant when the flood hit,” Macar said. “It was scary because I didn’t know what was going to happen to us.

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    American Multiplex, a shareholder of the Kuskokwim Corporation, with real estate investments throughout Anchorage, began as a vision of former Anchorage mayor Rick Mystrom in 1978 when he and his wife, Mary, first bought three apartment buildings in Anchorage. By 1989, American Multiplex had amassed 10 apartment complexes across the city.

    American Multiplex forged a partnership with TKC’s Kuskokwim Properties LLC in 2007. Today, TKC holds 95% interest in Kuskokwim Properties LLC and American Multiplex owns 5%.

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In an astonishing announcement during the annual Top 49ers luncheon, hosted by the Anchorage Chamber of Commerce and Alaska Business Monthly held at the Dena’ina Center in Anchorage October 5, co-host Lynne Curry revealed TKC’s ranking among Alaska’s 49 best performing corporations.

Curry beamed as she read the following script to introduce TKC’s new status to the crowd of several hundred people that filled the Tikhatnu ballroom: Showing a whopping 72 percent growth is The Kuskowkwim Corporation, which ranks 25th this year and is headed by CEO Maver Carey. Gross revenue rose from $86.7 million in 2009 to $149 million in 2010. The company employs 40 in Alaska and 144 worldwide and was established in 1977. Carey said, “In honor of our late Chairman of the Board, Leo Morgan, I'm happy to pronounce that TKC had a tremendously successful year in 2010. We have strong, healthy financials with a diversified portfolio, including great partnerships with J.L. Properties, Inc. and American Multiplex. I envision a promising time ahead and look forward to our continued growth through diversification and effective management of our profitable entities.”

Last year, TKC ranked 41st out of 49 Alaska companies, but surged ahead 16 positions to claim 25th place.

Chairwoman of the Board of Directors, Dunia Morgan, who attended the luncheon was also caught by surprise along with Carey, Marce Simeon, board vice-chair, and TKC staff, Amanda Sagmoen, Katie Dodson, Rachel Klein, Jeanie Gusty, Nichola Ruedy, Arlettie Macar, and Roy Corral.

“Jumping up 16 places from the previous year was an exuberant surprise,” Morgan said. “When The Kuskokwim Corporation came in at number 25 of the top 49, my thoughts were speechlessly in awe of it. We did not get this far alone, there are many who worked diligently with the board's directives to achieve this. I am proud of our CEO Maver Carey and the management team's ability and effort that brought forth this leap in the right direction. This is an accomplishment thru collaboration with every entity/aspect involved in our growing corporation,” she added.