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.
Southeast Alaska’s regional Native corporation is continuing to push its investment in a second California casino. That’s despite growing opposition from local residents, including the town’s city council. Sealaska is working with a Pomo Indian group to develop the gambling resort about 90 miles north of San Francisco.Related Link: Click here, then on “more,” for…
Sealaska shareholders re-elected four members of the corporation’s board of directors at June 28th’s annual meeting in San Francisco. The board is looking at increasing investments in Southeast to help economically-strapped villages.Related Link: Listen to a report on Sealaska’s investments and revenues.
Southeast Alaska’s regional Native corporation holds its annual meeting June 28th. But it’s in California, not Alaska, this year.Related Link: Click here, then on