- NANA Development Corporation
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NANA Development Corporation headquartered in Anchorage, Alaska, is owned by NANA Regional Corporation—an Alaska Native Corporation formed under provisions of the Alaska Native Claims Settlement Act (ANSCA)—and functions as the latter’s business arm.[1]
Contents
History
In 1968, nine years after Alaska attained statehood, oil was discovered at Prudhoe Bay. The discovery put the issue of Native lands into the forefront. Three years later, in 1971 President Richard Nixon signed the Alaska Native Claims Settlement Act, which conveyed nearly 150 million acres (610,000 km2) of federal land into the hands of 12 newly-created Alaska Native regional corporations. One of these corporations was NANA Regional Corporation. In 1974, NANA Development Corporation was founded to function as the business arm of NANA Regional Corporation.
NANA Regional Corporation
Main article: NANA Regional Corporation
NANA Regional Corporation, headquartered in Kotzebue, Alaska, is an Alaska Native Corporation with a land base of approximately 36,000 square miles (roughly the size of Indiana) in Northwest Alaska centered on the Kotzebue Sound and its tributaries. The Arctic Circle travels through NANA territory. NANA Regional Corporation is the owner of NANA Development Corporation. There are approximately 12,000 shareholders of NANA Regional Corporation, most of whom are of Inupiat descent. About 7,300 residents live in this area, more than 85 percent of whom are NANA shareholders.[2] Unlike traditional corporate shares, NANA Regional Corporation shares are not publicly traded, nor can they be bought or sold.
As part of this relationship with its parent company, NANA Development Corporation participates in several programs unusual in the business world, including programs to facilitate the hire of NANA shareholders and scholarships for the region’s youth.
Current enterprises
NANA Development Corporation employs approximately 9,300 employees in all 50 states and in Europe, the Middle East and Antarctica. It works primarily in the oil and gas, mining, hospitality, healthcare, federal contracting and tribal sectors of the economy.
NANA Development Corporation and some of its majority-owned subsidiaries qualify under federal law as “minority and economically disadvantaged business enterprise[s]" and therefore meet the requirements of the Small Business Administration’s 8(a) contracting provisions.
NANA Development Corporation earned corporate revenues of $1.26 billion in 2009. Examples of some of the more than 30 companies NANA owns, or owns a stake in, are listed below.
Oil and Gas
NANA provides support for oilfield and natural gas operations and associated services. Subsidiaries in the petroleum sector include the following:
- NANA Major Drilling, LLC, based in Salt Lake City, Utah, which specializes in drilling services for shallow gas and coal bed methane
- NANA Oilfield Services, LLC, based in Anchorage, Alaska, provides oilfield support services to companies working on Alaska’s North Slope.
- NANA WorleyParsons, based in Anchorage, Alaska, specializes in engineering, design and project management in the petroleum sector.
Motion Pictures
NANA invests in the Alaska-based motion picture industry:
- Evergreen Films, NANA invests in Evergreen Films, an Anchorage and Los Angeles-based motion picture company - story from the Anchorage Daily News.
Mining
Red Dog Mine, the largest zinc mine in the world, is located on land owned by NANA north of the Arctic Circle and is developed by NANA in partnership with Teck Cominco. Other NANA subsidiaries which serve the mining sector include:
- Paa River Construction, LLC, based in Anchorage, Alaska, a construction and support firm that primarily serves activities at the Red Dog Mine.
- NANA Lynden Logistics, based in Anchorage, Alaska, which provides transportation and logistical services in the mining sector, primarily at Red Dog Mine.
- NANA Major Drilling (see above)
Hospitality
- Pegasus Aircraft Maintenance Services, LLC, based in Anchorage, Alaska, provides aircraft maintenance and ground support services at the Ted Stevens Anchorage International Airport, in Anchorage, Alaska.
-NMS, based in Anchorage, Alaska, provides food service and hotel management, including management of several hotels in Anchorage, as well as in Fairbanks, Kotzebue, Barrow, and elsewhere in Alaska.
Management services, healthcare and contracting
- Akima Management Services, based in Charlotte, North Carolina, is a company that provides services in the healthcare industry and to the federal government.
- WHPacific, based in Anchorage, Alaska, offers engineering, planning and architectural services in eight Western states
- Five Rivers Services, LLC, based in Colorado Springs, Colorado, provides C4ISR services to the Department of defense and other federal government agencies.
- Truestone, LLC, based in Herndon, Virginia, is an IT service provider to federal government agencies and commercial customers.
See also
References
External links
Categories:- Companies based in Alaska
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