Southeast

Older Sealaska shareholders have until November 20th to sign up for larger dividends. It’s the first time the regional Native corporation is making an extra payment to elders. But it’s not the first corporation to do so.Related Link: Find out more about the program, and those of other corporations.

Sealaska wants the federal government to spend some of its stimulus money thinning trees. The Southeast regional Native corporation has asked for close to a million dollars to expand its own forest-management program. Officials say the money could keep 40 rural residents on the job.Related Link: Find out more about Sealaska’s timber operations. Click here,…

Sealaska board members could face term limits under a measure before shareholders. If it passes, the regional corporation for Southeast Natives would see a major change in its elected leaders. Shareholders are also considering giving elders more stockRelated Link: Click here, then on “more,” for links to Sealaska documents.

Southeast Alaska’s biggest Native corporation and its largest tribal organization are developing new business partnerships. Leaders say they hope to provide employment and services for villages and other economically-strapped parts of the region.

The Sealaska regional Native corporation has closed one of its out-of-state businesses. Synergy Systems was a high-tech firm that lost out to the recession.

The recession has cost Sealaska tens of millions of dollars. Leaders of the Southeast-based regional Native corporation says it’s still strong, with new businesses entering new markets. But its investments have dropped in value, which will affect shareholders’ dividends.Related Link: Link to Sealaska’s annual report.