Southeast Alaska’s regional Native corporation is improving after 2013’s exceptional losses, according to its 2014 annual report.
President and CEO Anthony Mallott, who stepped into his role following the announcement of a net loss in 2013 of more than $35 million, said 2013 was a “tough place to start.”
In May 2014, the Empire reported Sealaska lost nearly $73 million in 2013. Other revenue, like 7(i) money shared among Native corporations, and investments, was excluded from that tally. When that outside revenue was factored in, the loss dropped to $35 million.