Window Rock, Arizona, For Immediate Release, July 14, 2020 – Diné Development Corporation (DDC) provided a $400,000 dividend to the Navajo Nation for calendar year 2019. The contribution designated $240,000 for the Navajo Nation General Fund and $160,000 for the Business and Industrial Development Fund (BIDF).
The dividend follows a $500,000 donation to the Navajo Nation COVID-19 crisis relief fund delivered in April 2020. Like many communities across the world, the Navajo Nation has been severely impacted by several recent events, including the pandemic and Wood Springs 2 Fire. “Our own Diné Development Corporation, this team is doing an amazing job…and working hard for our Navajo Nation,” stated Myron Lizer, Navajo Nation Vice President, during the Navajo Nation Town Hall meeting on July 14.
“We assure the Navajo Nation that our teams are working diligently to provide consistent dividends for the Navajo Nation. We strive to be a dedicated resource for many years to come.” shared DDC CEO, Austin Tsosie. “As we work together to overcome this critical period, we will prevail for our Great Navajo Nation. Ahéhee’ (thank you) to everyone heeding safety measures, leaders for their diligence, medical teams and first responders for their expertise, and all those that remain committed to their practices for the benefit of our Diné Nation.”
Diné Development Corporation (DDC) is wholly-owned by the Navajo Nation government and was established in 2004 to facilitate the Nation’s opportunities to conduct business through the creation of subsidiary corporations, joint ventures, and partnerships. DDC’s business portfolio includes six companies: NOVA, DDC ITS, DDC 4C, BRIC, Diné Source and North Stone. For more information about DDC and family of subsidiary companies, visit www.ddc-dine.com.
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