NANA Regional Corporation, Inc. (NANA) is a Regional Alaska Native corporation formed in 1972 under the Alaska Native Land Claims Settlement Act (ANCSA).
No, NANA is not an acronym. NANA Regional Corporation was formed in 1971 as a for-profit Alaska Native corporation. The precursor to NANA was the Northwest Alaska Native Association, a non-profit formed in 1966 to advocate for Native issues. NANA is not an acronym for the non-profit and should not be referred to as such.
More than 14,300 Iñupiat shareholders with roots in Northwest Alaska and their descendants own NANA. In 2017, NANA declared $12.9 million in dividends.
NANA originally enrolled 4,761 shareholders. Once the "1991 Amendments" permitted it, NANA shareholders voted to extend stock ownership to those born after Dec. 18, 1971. Today NANA has more than 14,300 shareholders.
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.
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 state of Alaska. NANA is one of 12 land-based Alaska Native Corporations (ANCs). A 13th corporation was later created to represent those Alaska Native people living outside the state.
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.
Through ANCSA, NANA became entitled to 2,258,836 acres of land, both surface and subsurface estate.
In 2017, NANA's annual revenue was $1.35 billion dollars.
Yes, NANA owns NANA Development Corporation (NDC). Founded in 1974, NDC is an investment management company with a broad range of subsidiaries and affiliates providing an array of services across many industries, including:
NDC has companies operating in four continents, 15 countries and 50 states.
NANA, including NDC and its subsidiaries, employs more than 12,250 people worldwide. More than 4,796 Alaskans worked for NANA companies in 2017, making it one of Alaska's largest employers.
In 2015, NANA companies employed 1,444 shareholders who earned a combined $64.1 million in wages.