Vol. 1, No. 3 • October 6, 2006
There’s no stopping us now.
You don’t know where you’re going if you don’t know where you’ve been—and if the 2005-2006 fiscal year is any indication, NANA continues to be well on its way to celebrating even greater success! This 12-month period on which the budget is planned—the same as the federal government’s—runs from October 1 to September 30 every year. Before each year’s budgeting cycle begins, NANA managers and executives review past performance and project future developments, so they can plan for the upcoming year. It is an ongoing process that adjusts to new opportunities, new issues and information, and shifts in the worldwide business climate that might impact our companies.
This last fiscal year will go down in history as being one of NANA’s best. Although final numbers are not available until November, preliminary figures indicate that NANA continues to exceed its goals. Thank you for helping NANA thrive by providing excellent service to your customers, and supporting your own families and community!
How do we do it?
Here are a few of the reasons NANA continues to grow:
- Subsidiary businesses that provide services to the federal government continue to prosper.
- Commodities such as zinc, metals and petroleum-based products are trading at peak market prices, meaning that NANA businesses that provide services to these resource industries also had a very successful year.
- Engineering operations continue to face unlimited potential for new business, restricted only by the number of engineers available in the workforce.
- NANA’s Marriott-brand hotel properties in Anchorage and Fairbanks continue to maintain higher-than-average occupancy rates, despite considerable and increasing competition.
- For the first time ever we were able to recruit shareholders to travel directly from the NANA region to jobs on the North Slope.
All for the people.
When we grow, shareholders benefit and so do all the communities where we provide service. The profits we earn go to scholarship and internship programs, cultural preservation and advancement, providing emergency assistance, developing programs and investments for elders, increasing shareholder dividends, working cooperatively with regional organizations, and contributing to social programs.
Although shareholders benefit from NANA’s success in ways that are not always measured in dollars and cents, the dividend is the most tangible benefit to our people. This year, NANA Regional Corporation will pay the highest dividend ever at $7 per share.
NRC Board declares largest dividend in NANA history.
The fruit of our labor makes a huge difference in the lives of NANA shareholders, the majority of whom live in remote villages in the Northwest Arctic. During the September 27 meeting in Kobuk, the NANA Regional Corporation board of directors declared a dividend of $7 per share. With winter approaching, news of this dividend increase is a huge relief for people who pay $5 to $8 per gallon for gasoline and diesel fuel, and 55 cents per kilowatt-hour for electricity.
NANA/Colt wins five-year slope contract.
engineering across the North Slope.
BP Alaska awarded NANA/Colt Engineering a five-year contract to provide engineering services on BP’s small-to-medium projects. One of the first projects included in this award is supporting oil transit line replacements in Prudhoe Bay, a critical element of BP’s Business Resumption Plan, which is addressing the recent shutdown and plans to resume oil and gas production.
The five-year contract has a two-year option to renew. In a separate contract, NANA/Colt will also provide all of BP’s North Slope-based design, drafting and documentation work. More than 60 slope-based alternating employees will perform these services.
“We have waited a long time for these awards,” NANA/Colt President John Minier said. The new BP contract—combined with NANA/Colt’s existing contracts with ConocoPhillips Alaska for providing similar services for Kuparuk and Alpine— means the company has become the sole provider of on-site engineering services across the North Slope. NANA/Colt is also involved in major capital projects for BP, ConocoPhillips and most of the operators in Kenai/Cook Inlet.
Click here to learn more: www.nana-colt.com
Clarence Snyder—20 years.
Clarence Snyder is the Building Manager at NDC headquarters in Anchorage. Originally from Noorvik, Clarence has worked for NANA for 20 years. In addition to providing exemplary service managing the NDC building, Clarence is responsible for mentoring and training more than 150 shareholders who went on to work for other NANA businesses.
