What is NANA Regional Corporation?
NANA Regional Corporation, Inc. (NANA) is a Regional Alaska Native corporation formed in 1971 under the Alaska Native Land Claims Settlement Act (ANCSA).
Is NANA an acronym for anything?
No, NANA is not an acronym. The predecessor organization to NANA was the Northwest Alaska Native Association. However, journalists or those referring NANA should not reference this name as an acronym.
Who owns NANA?
NANA is owned by more than 13,000 Iñupiat shareholders from northwest Alaska. In 2012, NANA declared $11.8 million in dividends.
How many shareholders did NANA originally have?
NANA originally enrolled 4,761 shareholders. Once the "1991 Amendments" permitted it, our shareholders voted to extend stock ownership to those born after December 18, 1971. Today NANA has more than 13,000 shareholders.
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. Class A, B and C shares can be inherited and gifted.
What is ANCSA?
The Alaska Native Land Claims Settlement Act (ANCSA) is a legal agreement the Federal Government reached with Alaska Natives in 1971. Under ANCSA, Alaska Natives relinquished claims to their ancestral lands in exchange for a settlement of $1 billion and a land selection of about 44 million acres, a little more than 10 percent of the entire state. NANA is one of twelve land-based Alaska Native Corporations (ANCs). A 13th corporation was later created to represent those Alaska Natives living outside the state.
Where is the NANA region?
The NANA region is located in northwest Alaska. It encompasses an area that is 38,000 square miles, most of which is above the Arctic Circle. There are 11 villages in the region. They are: 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.
What is NANA’s annual revenue?
In 2012, NANA's annual revenue was $1.8 billion dollars.
Does NANA own any companies?
Yes, NANA owns NANA Development Corporation (NDC). Founded in 1974, NDC is an investment management company, with businesses and investments in:
- Engineering and Construction
- Resource Development
- Information Technology & Telecommunications
- Facilities Management and Logistics
How many people does NANA employ?
NANA employs more than 11,576 people, worldwide, when you count NDC and its subsidiaries. In 2012, more than 5,300 Alaskans were employed at a NANA company, making us one of Alaska's largest employers.
1,625 NANA shareholders were employed by our companies in 2012, earning $59.7 million in wages.