In the Iñupiaq language, Akima means “to win”. Living up to our name, Akima is committed to winning by providing excellence for our clients and our shareholders. As an Alaska Native Corporation (ANC), our revenues have a direct, positive impact on the lives of the more than12,000 Iñupiat people who own our company. When you do business with Akima, you’re doing more than ensuring the success of your project—you’re providing benefits to a socially and economically disadvantaged people—helping create training and educational opportunities for Alaska Native peoples, while increasing opportunities for self-sufficiency, preserving a culture, and ensuring the future of a people.

The Iñupiat Eskimos live a mostly subsistence lifestyle in the northernmost reaches of Alaska. As they have for centuries, they rely on hunting and fishing. Subsistence is not just an economic necessity, but plays an important cultural and social role. Akima augments that subsistence lifestyle with its profits—all of which go to the Iñupiat Eskimos. These profits help them to pay the $12/gal for milk, the $22 for a box of cereal, and the $30 for a box of laundry soap that village stores have to charge because of high transportation costs.

A portion of the profits is invested in the communities to provide family assistance and cultural and language programs and to support education and scholarships. Our goal is to continue to increase economic self-sufficiency and stability for our shareholders and their communities. Akima employees are personally committed to creating economic opportunities for our shareholders. In 2009 alone, Akima employees raised over $20,000 for shareholder scholarships. Akima encourages shareholders to participate in company intern programs to develop job skills.

Our shareholders live by values that include hard work andcooperation. They recognize that teamwork isnecessary to survive and thrive in a sometimes harsh environment.

These same qualities, reflected by Akima’smanagement team, are expected of allpersonnel so as to provide the greatest return to the Iñupiat people.Here are examples of how NANA and Akima “give back” to our shareholders:

• NANA Regional Corporation, Inc. distributed a $14/share dividend on November 12, 2010, to shareholders of record as of November 1, 2010. The total dividend distribution to NANA’s more than 12,000 Iñupiaq shareholders will be approximately $20 million. (In 2009, NANA declared $17.2 million in dividends distributed to more than 12,000 shareholders.)
  
• In 2009 and 2008, more than 100% of consolidated net income (profit) was set aside or distributed as dividends to shareholders.
  
• In 2008, this allocation included nearly $32.5 million that was set aside to fund an endowment, the earnings from which will pay ongoing dividends to shareholders over the age of 65 in perpetuity.
• NANA distributed $44 million in wages to shareholders in 2009. That same number, $44 million, is the amount of money that came to NANA when the Alaska Native Claims Settlement Act cash distribution was completed in the 1970s.
• NANA distributes $450,000 annually to shareholders for scholarships.
• NANA, 2 years ago, created an economic development committee that offers $55,000 grants for villages.
• NANA spends $200,000 each year on Camp Sivunniigvik, where every summer native elders teach children traditional “subsistence lifestyle” skills, such as hunting and gathering. The corporation has spent hundreds of thousands more in recent years on boys and girls clubs, sports tournaments and tribal governments.
• Akima hosts shareholder interns every summer to provide college students an opportunity to explore the business world as they decide their career paths.
  
  

Internships available to Shareholders. Click here to learn more…..