Sealaska is excited to be culminating a 5-year strategic plan in 2017 that includes an improved operating performance of $22 million. Significant work has gone into reducing costs and improving operating income. We are building sustainable growing businesses in industries that are meaningful to shareholders.
As 2017 ends, Sealaska is expected to have a very profitable year. We also expect to reach, or be very close to achieving, a key financial goal established in 2012, that Sealaska is profitable before 7(i) and investment income.
Sealaska is constantly looking for ways to optimize its land and natural resources for the greatest cultural, environmental and financial gain. Sealaska has begun a significant carbon offset project that will protect watersheds, help maintain healthy salmon and other wildlife habitats, provide safe access to rural communities' drinking water, while creating financial benefit from our traditional lands.
Sealaska seeks the next Board Youth Advisor and is accepting applications for 2018-2019. Each year, Sealaska directors select a non-voting youth advisor to the board to provide input, gain board membership training and gain knowledge of Sealaska’s operations.