October 30, 2017
DDC Provides $200,000 Dividend to Navajo Nation
Window Rock, Arizona Immediate Release – 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.
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, Diné Source and DDC-4C.
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