• DDC is governed by an independent seven-member Board of Directors appointed by the shareholder representatives of the Navajo Nation.
• DDC is governed by its Articles of Incorporation and By-laws, which authorize DDC to operate as an independent business entity to enter into contracts, loans, joint ventures, partnerships, and other instruments to establish subsidiary companies.
• DDC operates under a corporate strategic plan and due diligence standards for approving new corporations.
• Nova Corporation set the foundation for the formation of DDC subsidiaries in 2004.
• DDC and Nova were established in 2004 with initial capitalization from the Business and Industrial Development Fund of the Navajo Nation.
• DDC successfully used SBA 8(a) certification for its subsidiary companies.
• In 2011, two more subsidiaries were developed under DDC, Diné Development Corporation Information Technology Services (DDC-ITS) and Diné Development Corporation Construction Services (DDC-CS).
• NOVA Corporation successfully graduated from the 8(a) certification program in 2014.
• In 2016, DDC hired its first Navajo Chief Executive Officer, Austin Tsosie.
• In the fall of 2016, DDC capitalized the two subsidiaries, BRIC and Diné Source.
• DDC-ITS and DDC-CS will graduate from the 8(a) certification program in 2020, or earlier if DDC-ITS and/or DDC-CS reach the SBA revenue benchmark, whichever comes first.
• DDC presently has five subsidiary companies.
• Pursue business alliances for competitive/high value opportunities in the global marketplace.
• Extend our influence and access to capital and contracts through joint ventures, partnerships, new networks, and outreach to interested parties.
WINDOW ROCK, Ariz., November 20, 2017 (Newswire.com) - Diné Development Corporation (DDC), has provided a cash dividend of $200,000 to the Navajo Nation. The distribution will benefit both the Navajo General Fund and Business and Industrial Development Fund (BIDF).
Austin Tsosie, DDC CEO, stated, “DDC is very pleased to make the cash payout in the midst of successful horizontal growth. DDC’s ultimate goal is to provide sustainable value and ongoing economic benefit to the Navajo Nation.” Diné Development Corporation provides both direct and indirect economic benefits to the Navajo Nation. These economic benefits include charitable contributions, scholarships, internships, and community oriented sponsorships. ... Dine Development Corporation provides dividend to Navajo Nation
Albuquerque, NM — DDC-4C, a subsidiary of Diné Development Corporation (DDC), a company wholly owned by the Navajo Nation, has strengthened its commitment to expand its federal services through the acquisition of business lines operated by Virginia Beach, Va.-based Applied Sciences & Information Systems, Inc. (AScIS). As of Sept. 1, AScIS consolidated its assets and will operate as DDC-4C, a Small Business Administration SBA 8(a) certified and tribally owned entity. The move includes AScIS’s natural resource and environmental division, as well as the company’s iSportsman recreational and access control management services. AScIS’s environmental services portfolio was acquired by DDC-4C’s sister company, BRIC, LLC.
“One of the key components senior leadership considered as we examined this exciting opportunity, were cultural similarities between our respective organizations. It was obvious from the start there were more similarities than differences. DDC and its subsidiary companies share many of the same values as AScIS, chief among them is seeing our employees as an extension of our family, and capitalizing on every opportunity to provide additional value to our clients” – Aneil Kumar, former President and CEO of AScIS.
This acquisition provides a seamless transition for AScIS clients and teaming partners, and enhances DDC-4C’s service and response capabilities. Additionally, DDC-4C’s SBA 8(a) certification and tribal status, will provide additional client contracting options to include sole source awards up to $22M.
“We are very excited to have the AScIS team join DDC as they bring exceptional leadership and technical talent to our family of companies. With five thriving subsidiary companies under the Diné Development Corporation umbrella, DDC-4C is now poised to contribute substantially to our valued clients, employees and the Navajo Nation.” – Austin Tsosie, DDC CEO.
The acquisition includes additional offices in Virginia Beach, Va., and project offices in South Carolina, North Carolina, Washington and Massachusetts. All AScIS operational staff have been retained as part of the acquisition, and Mr. Aneil Kumar continues in his leadership role serving as DDC-4C President to ensure virtually zero impact on day-to-day operations and service delivery.
Diné Development Corporation (DDC) is wholly owned by the Navajo Nation government and was established to facilitate the Nation’s opportunities to conduct business through the creation of subsidiary corporations, joint ventures and partnerships. DDC was formed in 2004 to help create new jobs, revenues and profits primarily through the participation in the U.S. Small Business Administration 8(a) Business Development program. The 8(a) Program was created to help small disadvantaged businesses compete in the American economy and access the federal procurement market. DDC’s business portfolio includes five companies: NOVA Corp., BRIC, DDC ITS, Dine Source and DDC-4C.
Contact: Steven E. Sullivan, President, DDC-BRIC, LLC