www.bbnc.net BAYSUMMER 2019 REP RT INSIDE LOOK 2019 BBNC Board Slate Selected Annual Meeting of Shareholders: October 5 FEATURE STORY NATIVE AMERICAN ENTREPRENEURIAL EMPOWERMENT WORKSHOP SETS BBNC SHAREHOLDERS UP FOR SMALL BUSINESS SUCCESS BBNC BOARD OF DIRECTORS Joseph L. Chythlook SAVE THE DATE WHAT’S INSIDE Chairman Dorothy M. Larson June 21-23 Vice Chair Neqa Derby Nushagak River 6 9 Everette Anderson Peter Andrew Jr. July 4 SHAREHOLDER SHAREHOLDER Independence Day Shawn Aspelund NEWS BBNC office closed NEWS Diedre Hill Karl Hill July 26, 5 p.m. 2019 Annual 2019 Shareholder Shareholder of the Year Hazel Nelson Nomination Deadline Meeting of of the Year (see pg. 9) Shareholders Nominations Russell S. Nelson August 9 Marie Paul BBNC Alaska Wild Salmon H. Robin Samuelsen Jr. Day BBQ (Anchorage) Kimberly Williams August 10 Alaska Wild Salmon Day August 15, 5 p.m. Deadline for address or banking changes for September Distribution August-September Shareholder Information Meetings (see pg. 8) September 2 Labor Day BBNC office closed 10 13 September 6 SUBSIDIARY EDUCATION BBNC Shareholder NEWS FOUNDATION NEWS Distribution September 11, 5 p.m. Army Wellness Centers Congratulations Early Bird Voting Deadline Provide Lifelong 2019 Graduates Health Advice CONTACT US October 2, 5 p.m. Proxy Deadline 111 W. 16th Ave., Suite 400 Anchorage, AK 99501 October 5 ON THE COVER (907) 278-3602 Phone Annual Meeting of (800) 426-3602 Toll-Free Shareholders & Career Fair (907) 265-7803 Fax (Anchorage) Participants Listen at the Native American Entrepreneurial Empowerment [email protected] www.bbnc.net Published by Bristol Bay Native Corporation Workshop held in April “The big takeaway from the fiscal year is that BBNC remains a healthy corporation, well-positioned to perform well now and into the future.” Letter from the President BBNC President and CEO Jason Metrokin Across Bristol Bay, summer means BBNC remains a healthy corporation, newsletter who attended the recent quality time outside and the well-positioned to perform well now Native American Entrepreneurial enjoyment of all that this vibrant and into the future. Thank you to our Workshop, that inspire us. More on time of year has to offer. For many, BBNC and subsidiary teams who put survey results soon, but for now, it also means reminiscing about in the hard work to make that happen. thank you for making your voices summers past, remembering fishing heard. and camping trips, learning new FY20 is underway and off to a good subsistence activities, or playing start, with another solid season There are many things to look outside with friends until it was time expected for our tourism operations forward to in the months ahead, here for dinner. Now, as the days grow in particular. We continue to execute at BBNC and throughout the region: longer, we reflect on how we are our five-year strategic plan adopted longer, lighter days, connecting with keeping those traditions alive and by the Board of Directors in 2016, our communities, and an expected well within our own families and actively seeking opportunities to strong salmon run are high on the list. communities. diversify our operations through I hope everyone has an enjoyable and investments in new sectors as well as safe season wherever you spend it, As we move into a new season, we existing ones. With new acquisitions making memories that only summer look back on the most recent one. already on the horizon, it’s an exciting can bring. Our fiscal year came to a close March time for BBNC. 31, ending on an upswing despite Thanks as always for your support. impacts in the construction sectors, Thank you to everyone who with the market rebounding for BBNC participated in our recent shareholder and its subsidiaries. While our final net survey. The response rate far Jason Metrokin income did not exceed that of FY18, exceeded our expectations, which President & CEO it was substantial and outpaced our tells us that our shareholders care budget for the year. This allows BBNC about important issues facing our to continue to pay predictable and region, as well as BBNC’s own increasing shareholder distributions trajectory forward. It’s results like quarter after quarter. The big this, and the drive of the aspiring takeaway from the fiscal year is that entrepreneurs featured in this 3 Native American Entrepreneurial Empowerment Workshop participants Native American Entrepreneurial Empowerment Workshop Sets BBNC Shareholders Up For Small Business Success A group of shareholders hoping to many of the calls she has received Bristol Bay (Dillingham, Igiugig, Twin start their own businesses are one over the past two years have been Hills, Chignik, Clark’s Point, Togiak, step closer to bringing their dreams from shareholders looking to get Manokotak, and Koliganek), offering of entrepreneurship to fruition, their start in small business. “There’s them the chance to connect with the thanks to a workshop recently of- been a demand for access and re- broader BBNC shareholder commu- fered by BBNC and the Bristol Bay sources that really address the early nity around a shared interest. Development Fund (BBDF). The startup phase,” she said. “This work- Native American Entrepreneurial shop’s goal was to offer that access, Nancy Porzio teaching the entrepreneurs Empowerment Workshop was held and with it motivation, support, and April 16th and 17th at BBNC’s cor- a business-ready feeling.” porate office in Anchorage. It was one of 15 Native Entrepreneurial The free workshop was promoted Empowerment workshops planned via Facebook, email, and direct for 2019 across the country by the outreach, and was open to all United States Small Business Admin- BBNC shareholders. The response istration’s Office of Native American was strong: initially planned for 15 The workshop curriculum was de- Affairs. participants, the workshop ended up signed by ONABEN, a community with 25 in attendance, with back- development organization that BBDF is a subsidiary of BBNC, es- grounds as broad as their business has been developing similar work- tablished in 2014 to be a catalyst for interests. Some participants had shops for over 15 years. It covered business growth in the Bristol Bay previous small business experience, steps needed to plan, fund, launch, region. Cindy Mittlestadt, BBDF’s while others were completely new manage, and grow a business, and Development Fund Manager, was to entrepreneurship. Others signed offered participants the opportunity excited to offer the workshop to up representing interests in tribal to discuss their business ideas with help fuel that growth and foster enterprises. 21 of the 25 partici- each other, instructors, and profes- good economic health. She says that pants came from rural villages in sionals in a collaborative setting. 4 Additionally, Nancy Porzio, the District Director for Alaska’s Small WELCOME Business Administration (SBA), at- We would like to welcome our newest shareholders to the BBNC family: tended and presented some of the SBA’s available tools. Native Amer- ican Entrepreneurial Empowerment Eva A. Active Darcie J. McCoomb Workshops are provided to Native Jayda M. Angol-Jones Alyssa J. Nunn communities across the country through support from the SBA’s Marianna R. M. Apokedak Thomas R. Olsen Jr. Office of Native American Affairs. Ida D. Apokedak Kristen R. Olsen Redwind Consulting is contracted by Jolynn M. Bavilla Olivia R. Olsen SBA to provide these workshops at no cost to entrepreneurs. Travis A. C. Bavilla Audrey B. Panamarioff Lucy A. Bragg Sydney S. Panamarioff Mittlestadt sees the workshop as a success. “I hope it showed our Noah C. Brandon Gary R. Paul participants that it’s good to be Jayden K. Brandon Amaya N. Pelagio curious and take the time to learn and ask questions. We’re excited to Zaden G. Bruno Joelle N. M. Pittman see how their plans develop, and I Franklin D. Clark Ryan H. J. Pittman hope others will reach out to BBDF as they navigate the small business Briana M. Clark Dean W. Prince Jr. process.” Sharla M. Corpuz Obie D. Prince Cindy Mittlestadt speaking with a participant Annalise M. Corpuz Aurora I. Prosch Whitney R. Demientieff Rosie Reyes Carl E. Demientieff Olivia M. Rickard-Ramos Aiden C. Ely Kaylee A. N. Rickard-Ramos Sanchelle Felarca Neavaeh R. Ridenour BBNC President and CEO Jason Vernadette E. Fernandez-Alexie Hailee D. Ridenour Metrokin sees this workshop as an Jezaira A. Fernandez-Alexie Clara L. Roehl example of BBNC and BBDF’s com- Hayden M. Foss Conner M. Romer mitment to shareholders economic vitality in the region. “BBNC cares Hannah M. Foss Kylee A. Sifsof about small businesses and wants Corey R. Garrison Ronin P. Stermer to help them thrive. If they can be successful, then the owner and his Britney J. George Matthew W. Theisen or her family are going to be suc- Tina Hadden Makena A. Thompson cessful. And perhaps they can pass the business on to their kids Jessica L. Hoeldt Lakota L. Thompson or grandkids someday. Small busi- Diana L. Hoeldt Claudia J. Vincent nesses are really the heartbeat of a community, and it’s important for us Ilijah J. Karasek Alvin E. Wassillie to support that.” Cheyann R. Kragero Robert L. Watson BBDF is already planning more Ashlee R. Kragero Cassandra A. Watson opportunities for aspiring entrepre- Austin G. Kragero Sylas C. Williams neurs, including launching a new program called Path to Prosperity in Skylar D. Lind Trenton E. J. Wonhola Bristol Bay; it’s a start-up boot camp Ashley R. Little Light Jasilyn G. Wonhola and a business plan competition for which financial awards will be made Genessy Love Fedosia J. A. Wonhola to the winning business concepts. Annie Masterman Devynn L. Zeller Learn more at www.bbnc.net. Jayden K.