What is NANA Regional Corporation?

NANA Regional Corporation is an Alaska Native corporation formed in 1971 under the Alaska Native Land Claims Settlement Act (ANCSA). The Iñupiat people who traditionally lived in northwest Alaska own the corporation. More than 90% of our region’s residents are Iñupiat, descendants of the people who have inhabited this land for more than10,000 years.

What does NANA Development Corporation do?

NANA Development Corporation, founded in 1974, is our business arm, employing more that 6,500 people, throughout Alaska, the United States, and around the globe, in four major business lines:

• Engineering and Construction
• Resource Development
• Information Technology & Telecommunications
• Facilities Management and Logistics

What is ANCSA?

The Alaska Native Land Claims Settlement Act (ANCSA) is a legal agreement the Federal Government reached with Alaska Natives. Under ANCSA Alaska Natives relinquished claims to their ancestral home in exchange for a settlement of $1 billion and about 44 million acres, a little more than 10 percent of the entire state. NANA is one of twelve land-based Alaska Native corporations. A 13th corporation was later created to represent those Alaska Natives living outside the state.

Where is the NANA Region?

Our NANA region, located in northwest Alaska, is vast: 38,000 square miles, most of which is above the Arctic Circle. Our region encompasses eleven villages: Ambler, Buckland, Deering, Kiana, Kivalina, Kobuk, Kotzebue, Noatak, Noorvik, Selawik and Shungnak.

How much land did NANA receive under ANCSA?

Through ANCSA, NANA became entitled to 2,258,836 acres of land, both surface and subsurface estate. As of September 30, 2007, NANA has received 1,374,167 acres of surface estate, and 1,503,365 acres of subsurface estate.

Why was the selection of lands so important?

The selection of lands was one of the most important decisions NANA made, because our land provides subsistence resources in our region, as well as the opportunity for natural resource development.

What is NANA’s annual revenue?

We’ve grown substantially. Our 2007 revenue was $975 million.

Where does NANA do business?

Who owns NANA Regional Corporation?

Following the enactment of ANCSA each qualifying Alaska Native was given 100 shares of stock in an ANCSA Corporation. "Native" was defined as a citizen of the United States with one-fourth degree or more Indian, Aleut or Eskimo ancestry, born on or before December 18, 1971, including Natives who had been adopted by one or more non-Native parents. NANA’s owners traditionally lived in northwest Alaska, and spoke the Iñupiaq language.

How many shareholders does NANA have?

Can NANA shares be sold?

Shares in NANA are not allowed to be sold or traded, based on ANCSA amendments passed in 1988. There is no publicly traded stock, and any ANCSA shares are not legally allowed to be sold.

What is unique about an Alaska Native Corporation?

“The regional corporations are totally unique. Their performance cannot be measured by gross revenue and net profit standards alone. Judgments about their performance must be made on the basis of total performance in the achievement of shareholder goals." – Senator Henry “Scoop” Jackson, in an address to AFN in 1981

“The capital and land should be used to help transition our people into the modern world with training and jobs. The ANCSA settlement was not a ‘cure all’ for our economic situation. The individual still had to carry the main load for survival and economic advancement.” – Willie Hensley

What is 7(i) or 7(j)?

Section 7 (i) of ANCSA states that seventy percent of all revenues received by each Regional Corporation from timber resources and subsurface mineral rights shall be divided annually by the Regional Corporation among all twelve Regional Corporations.

Who are the residents of the NANA Region?

In 2002, the population was 82.4% all or part Alaska Native.