Sealaska Corporation says alleged threats made by its board chairman will not derail efforts to get a lands-selection bill through Congress. Albert Kookesh, also a state senator, was part of a corporate delegation visiting a recent Craig City Council meeting. Sealaska officials pushed local leaders to support its proposed takeover of valuable timberlands on Prince…
Older Sealaska shareholders have until November 20th to sign up for larger dividends. It’s the first time the regional Native corporation is making an extra payment to elders. But it’s not the first corporation to do so.Related Link: Find out more about the program, and those of other corporations.
Sealaska wants the federal government to spend some of its stimulus money thinning trees. The Southeast regional Native corporation has asked for close to a million dollars to expand its own forest-management program. Officials say the money could keep 40 rural residents on the job.Related Link: Find out more about Sealaska’s timber operations. Click here,…
Sealaska board members could face term limits under a measure before shareholders. If it passes, the regional corporation for Southeast Natives would see a major change in its elected leaders. Shareholders are also considering giving elders more stockRelated Link: Click here, then on “more,” for links to Sealaska documents.
Southeast Alaska’s biggest Native corporation and its largest tribal organization are developing new business partnerships. Leaders say they hope to provide employment and services for villages and other economically-strapped parts of the region.
The Sealaska regional Native corporation has closed one of its out-of-state businesses. Synergy Systems was a high-tech firm that lost out to the recession.
The recession has cost Sealaska tens of millions of dollars. Leaders of the Southeast-based regional Native corporation says it’s still strong, with new businesses entering new markets. But its investments have dropped in value, which will affect shareholders’ dividends.Related Link: Link to Sealaska’s annual report.
Resource development in other parts of the state continues to boost dividends for Sealaska’s 20,000 shareholders. It’s keeping payouts up at the same time investment earnings are down. But officials say it won’t last. moRelated Link: Read the press release about the dividend.
Southeast’s regional Native corporation will get another shot at land it wants in the Tongass National Forest. Two members of Alaska’s Congressional delegation say they will re-introduce Sealaska land-selections legislation this year.Related Link: Hear a report on opposition to the bill.
Oil wealth from the North Slope is fueling Native corporation dividends statewide. That includes Southeast’s Sealaska, which is issuing its second-largest shareholder payment this decade. The profits will help replace investment earnings hit hard by the falling stock market.Related Link: Click here, then on “more” for dividend details and earlier reports on Sealaska.