Commentary
Regional Economic Development
Calista Corporation
Vision
An Alaskan Native Corporation that is the standard for economic success and corporate responsibility.
Calista Corporation
Mission
To continue growth and profits through teamwork, professionalism and innovation while respecting cultural values.
President/CEO Matthew Nicolai
Calista Status
“As we ease into the new year, business and political leaders nationwide are watching Calista as a prime example of an ANCSA Corporation that sets the standard for growing an increasingly profitable company, while also adding to our list of accomplishments that may not be directly related to revenues, but that help our shareholders continue to thrive.”
New Ways of Looking at our Economy
Government dollars, although still very much needed, forms much of the economy in the Calista region.
We realize now that we cannot depend solely on government and outside resources.
Investing through private enterprise, local and regional entrepreneurship and doing so creatively is now the order of the day.
Vernon Smith, UAA Chairman of Economics
New Ways of Looking at our Economy
“I think it’s incredible the mileage you’ve gotten from federal money, but I think you know that cannot be the basis of your economy. The government, fundamentally cannot be a creator of Wealth.” He also said, “You have a great need here for up-front capital funds. You have to find new ways to do the same thing with new capital ventures here.” Noble Prize Laureate
Calista promotes the development of a Regional Economic Development Corporation.
What is an economic development corporation?
A legal entity/organization directed by a board of directors and/or members, for the purpose of creating business opportunities, new jobs and income growth.
The directors for a Calista/AVCP Region EDC could be made up of representatives from ALL sectors of our regional economy (no one entity will have neither control nor will the EDC move off on it’s own without oversight from the membership).
Purpose:
Economic Development Corporations (EDC) are used by numerous communities, counties, boroughs, corporations and regions to attract new businesses, private companies, subsurface companies, etc. to place investments in their local markets.
Many depressed counties or boroughs use special federal and state legislation such as tax incentives to lure new businesses into their depressed areas or communities.
An EDC can provide research, economic development data and information to support an EDC’s development goals and to interpret economic trends, threats and opportunities.
Prioritizing economic development projects:
Cohesiveness, integration and coordination based upon the cooperation of all our stakeholders, built upon the strengths of the region and committed to the well-being of our people.
Projects and activities directed towards sustainability, long term viability, based upon social and environmental responsible principles form the basis of Regional Economic Development Corporations.
Read more of Calista’s commentary on Regional Economic Development by downloading the pdf.
Requires the free Adobe Acrobat Reader.
|
