Sealaska Activity in SE Infuses Millions into the Economy

A 2009 McDowell Report shows that Sealaska related spending and wages infused millions into the regions economy. Since 2003, the McDowell Group has researched and reported on Sealaska’s economic impact on Southeast Alaska. The McDowell Group issued the report, The Impact of Sealaska Corporation on the Southeast Alaska Economy 2009 Update in September.

According to the report Sealaska, Sealaska Timber Corporation and Sealaska Heritage Institute spent $45 million in 2008 in support of corporate, cultural and timber-related operations in the region. This is an increase of $4 million from the previous year. This spending included payroll and purchase of goods and services in 16 communities and to more than 350 businesses and organizations.

The report reflects trends of outmigration from the villages. This troubling effect on Southeast communities has been compounded by the economic and energy crisis in our villages. The report reaffirms Sealaska’s contribution and commitment to strengthen the region’s economy and communities. The Sealaska board and management continue to focus on ways to further strengthen Southeast through the finalization of Sealaska’s Haa Aaní legislation and through the creation of new economies.

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