Central Council and Sealaska
Corporation Sign Historic
Memorandum of Understanding
April 02, 2009
Bill Martin, President of Central Council Tlingit & Haida
Indian Tribes of Alaska (Central Council) and Chris E. McNeil,
Jr., Sealaska President & CEO announced that a Memorandum
of Understanding (MOU) was signed on March 27, 2009 between Central
Council and Sealaska. The MOU is a historic agreement and strengthens
opportunities for shareholders and members of both Native organizations.
The intent is to provide business opportunities that will meet
mutual objectives, including exploring business partnerships
and investment opportunities in the region.
Presidents Martin and
McNeil sign historic MOU
Photo by Sealaska
"This is a challenging time for Southeast Alaska but there
is potential for developing innovative and sustainable economies
in Southeast," stated McNeil. "Collaboration amongst
these Native institutions represents a new model to discovering
solutions that will strengthen our region and benefit tribal
members and Sealaska tribal member shareholders."
Sealaska and Central Council will work to identify and evaluate
strategic plans then consider acquisition or startup of operating
enterprises. The primary goals of the MOU are to:
- Research new opportunities
to improve the economic conditions of and employment opportunities
for the Tribe's members and Sealaska's tribal member shareholders
- Generate revenue for the Tribe
- Enhance the Tribe's economic
self-sufficiency and self-determination
- Increase benefits and employment
opportunities for tribal members and Sealaska tribal member shareholders
- Enhance Sealaska's access
to contract opportunities
"During this struggling
economy it is important that we obtain maximum funding for our
region through the stimulus act," said Martin. "I look
forward to the Tribe working cooperatively with Sealaska to bring
economic and employment opportunities to our tribal citizens
Central Council and Sealaska will focus on U.S. Small Business
Administration 8(a) federal contracting and mentor/protégé
programs, renewable energy projects, labor force training and
deployment, tourism and community infrastructure development.
"The board of Directors, Sealaska management and our subsidiaries
are working together to increase our economic activity in Southeast,"
said Sealaska Director Tate London. "This MOU aligns well
with that vision and is an important step that will build off
the collective strength of Sealaska and Central Council,"
Presidents Martin and McNeil's vision is to jointly develop enhanced
revenue for the Tribe and Sealaska through future partnerships.
Sealaska and Central Council will initially focus on the opportunities
available by passage of the American Recovery and Reinvestment
Act (stimulus package).
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