NANA Development FAQ
Who owns NANA Development Corporation?
NANA Development Corporation (NANA) is owned by more than 13,000 Iñupiat who are shareholders of NANA Regional Corporation. An Alaska Native corporation (ANC) formed in 1971 under the Alaska Native Land Claims Settlement Act (ANCSA); NANA Regional Corporation is the owner of 1,374,167 acres of surface estate, and 1,503,365 acres of subsurface estate in northwest Alaska.
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.
What does NANA Development Corporation do?
NANA Development Corporation founded in 1974, is the business arm of NANA Regional Corporation. NANA Development Corporation is a global corporation, employing more than 11,500 multi-disciplined professionals throughout Alaska, the continental United States and numerous countries around the world.
From engineering and construction to resource development, security, facilities management and logistics, IT & Telecommunications, real estate and hotel development, NANA works in a wide cross section of industries supplying competitive solutions and decades of expertise and experience.
Why does NANA have contracting advantages?
As an ANC, NANA is afforded certain contracting advantages under the Small Business Administration (SBA) 8 (a) and Minority Business Enterprise (MBE) programs.
As an Alaska Native Corporation (ANC), the money NANA makes has a direct positive impact on the lives of the more than 13,000 Iñupiat shareholders of northwest Alaska who own our company. When you do business with NANA, you’re doing more than ensuring the success of your next business venture – you’re helping to create training and educational opportunities for NANA villages, preserving an important American culture, investing in NANA communities and ensuring the future of a people.
Where is the NANA Region?
The NANA region, located in northwest Alaska, is vast: 38,000 square miles, most of which is above the Arctic Circle. The NANA region encompasses eleven villages: Ambler, Buckland, Deering, Kiana, Kivalina, Kobuk, Kotzebue, Noatak, Noorvik, Selawik and Shungnak. In 2002, the population of the NANA region was 82.4% all or part Alaska Native.
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 the land provides subsistence resources in the NANA region, as well as the opportunity for natural resource development.
What is NANA’s annual revenue?
Our 2012 revenue was $1.8 billion.
Where does NANA do business?
NANA employed 11,500 individuals worldwide in 2012, with more than 3,000 of those in Alaska and 1,800 in Anchorage. NANA is a major contributor to the Alaska economy and to the communities and countries in which we operate. NANA’s companies extend through the Arctic Circle to Australia, across the continental United States to the Middle East and the South Pacific.
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 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.