In 2015, NANA provided $5.9 million in shareholder benefits, which include, but are not limited to: scholarships (for post-secondary education and training), internships, hiring preference (for shareholders, their spouses and descendants), Elder benefits, youth programs, language revitalization and cultural programs, and support for community events in the region. NANA also provides financial assistance to shareholders in times of crisis, including help with medical expenses and burial assistance.
Life in northwest Alaska is expensive. There are no roads in; goods and services are delivered by barge or air, which exacerbates the high cost of living in the NANA region. One of the main concerns is the cost of fuel. The winters are harsh and heating fuel costs are high. That’s why the dividends that flow through NANA Development Corporation are so important. Dividends generated by NANA companies help sustain the families living under these conditions. Over the years, NANA has distributed $209.5 million in dividends to its shareholders.
In 2015, NANA paid $70 million in wages to 1,653 shareholders employed by NANA companies. Akima companies employ several Alaska Natives in a variety of positions. Akima offers several programs to help shareholders establish a career and build the tools they need to realize their dreams. These programs include our EXPLORE Summer Internship Program, the Career Progression mentorship program, and the Technical Development Program.