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Sen. Stevens helped Alaska Native corporations
Thursday, October 30, 2008
Filed Under: Business | Politics

What will happen to Alaska Native corporations if their biggest champion, Sen. Ted Stevens (R-Alaska), is forced out of Washington?

Louis A. Thompson, the president and CEO of Kavilco Inc, said his business will survive even though Native corporations owe a lot of their success to Stevens' legislative achievements. "Senator Stevens was very helpful early on and not just to Alaska Native corporations, to all Alaskans,” Thompson told The New York Times. “But times have changed.”

Steve Colt, the interim director at the Institute of Social and Economic Research at University of Alaska, likewise feels the potential loss of Stevens, who was convicted on Monday in a corruption case, won't have a big impact. Whoever holds the Senate seat will defend the corporations, he said.

Republicans are calling on Stevens to resign. His name will remain on the November 4 ballot in Alaska.

Get the Story:
Facing a Loss in Alaska (The New York Times 10/30)
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