The Eyak Corporation updates Alaska business on diversification/investment plans.
The Eyak Corporation (TEC) is the Alaska Native Village Corporation for the community of Cordova, Alaska. TEC celebrated its 43rd birthday in July 2017, and, as noted by CEO Rod Worl, "is in excellent health." As an Alaska Native Corporation, TEC's purpose extends beyond profits. Its mission is to provide for present and future shareholders while protecting its lands and fostering cultural heritage.
TEC and its subsidiaries have had the honor of providing services to the Federal government. TEC's subsidiaries have broad capabilities and have recently acquired new projects to deliver cyber security, land mobile radio infrastructure, medical services, and base information technology support solutions. Although government contracting is a valued and significant income stream for TEC, the corporation has diversified into businesses outside of government contracting to reduce risk and expand operational performance. Those investments have been in entities whose business lines are consistent with TEC's mission. For example, in 2011 TEC acquired an ownership interest in Native American Bank (NAB), which...
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