IN THE MATANUSKA-SUSITNA VALLEY

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Presentation transcript:

IN THE MATANUSKA-SUSITNA VALLEY Sophie Minich President and CEO, CIRI

Alaska Native Claims Settlement Act of 1971 Enacted Dec. 31, 1971 Settled the aboriginal land claims of Alaska Native people Created 12 regional corporations and more than 200 village corporations based on cultural and geographic heritage Distributed 44 million acres of land and $963 million to Alaska Native corporations to benefit some 80,000 Alaska Native shareholders and their descendants

CIRI At a Glance CIRI was created by the Alaska Native Claims Settlement Act (ANCSA) of 1971 Homeland of the Dena’ina Athabascan Original ANCSA distribution: $34 million $1 billion in dividends distributed Owned by nearly 9,000 shareholders

CIRI in the mat-su Shareholders: 718 Descendants: 120 2016 Dividends: $1,821,572 2016 Resource Revenue: $677,365 2016: Elders’ Trust: $154,350 Total Distributions in 2016: $2,653,287

CIRI’s Mission The mission of CIRI is to promote the economic and social well-being and Alaska Native heritage of our shareholders, now and into the future, through prudent stewardship of the company’s resources, while furthering self-sufficiency among CIRI shareholders and their families.

Diversified Business Portfolio Real Estate Environmental Services Oilfield and Construction Services Government Services Specialty Finance Land and Natural Resources Energy and Infrastructure

CIRI Land Total Surface: 624,000 acres Total Subsurface: 1.6 million acres In Mat-Su: Total Surface: 160,000 acres Total Subsurface: 437,000 acres Land access: Recreational Use Permits Land Use Permits Licenses and Easements

CIRI Land Commercial Uses on CIRI Land: New Opportunities? Gravel Mining Tourism Agriculture Recreation New Opportunities? Mining Timber Biofuels Carbon Sequestration Birch Syrup

CIRI REAL ESTATE Four Corners Located at corner of Palmer-Wasilla Highway and New Trunk Road 129 acres Proposed Use: Mixed Retail Dining Entertainment Housing

CIRI Government Contracting Weldin Construction Silver Mountain Construction ANC Research & Development Construction and Engineering on Alaska Military Bases JBER Eielson Air Force Base Fort Wainwright Fort Greely

CIRI TODAY Strong balance sheet $985 million in assets $644 million in shareholders’ equity Delivering benefits to shareholders Helping to drive economic growth in our region

CIRI FAMILY OF NONPROFITS

Southcentral Foundation Benteh Nuutah Primary Care Center Serves 12,000 customers Provides full primary care services Serves 1,100 veterans Manages the Life House Clinic in Sutton

CIRI FAMILY OF NONPROFITS