IN THE MATANUSKASUSITNA VALLEY Sophie Minich President and
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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 $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 § Energy and Infrastructure § Oilfield and Construction Services § Environmental Services § Land Natural Resources § Government Services § Specialty Finance
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: 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
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