Tag Archives: permit bank
Saving the Small Fishing Industry, One Permit at a Time
Mr. Hopkins has the Island’s lone sea scalloping permit, a million-dollar commercial fisherman’s license the trust purchased and now leases to Mr. Hopkins. The trust works as a permit bank, buying pricey fishing licenses, lobster tags, and other permits so they can lease them to independent fishermen on the Island at less than market price. In a wide-ranging interview with the Gazette this week, trust president John Keene and executive director Dr. Shelley Edmundson discussed the work of the organization and its efforts to maintain an economically viable, independent fishing community on the Island. >click to read<11:44
Investment pool could help sustain fishing on Washington coast
One of the knottiest problems confronting the Lower Columbia commercial fishing fleet is how to enable the next generation to begin the costly climb into owning their own permits. A new private $2 million investment pool aims to facilitate a “permit bank” — a kind of matchmaking service between willing sellers and qualified buyers who agree to keep their boats anchored in the economy of Ilwaco, Chinook and Nahcotta. >click to read<08:54
Maine Coast Fishermen’s Association gets $100,000 grant
The National Fish and Wildlife Foundation announced the Maine Coast Fishermen’s Association Dec. 1 as one of seven recipients to receive a grant through the Fisheries Innovation Fund. This funding, $99,882 in total, will continue to drive the organization’s mission of working to identify and foster ways to restore the fisheries of the Gulf of Maine and sustain Maine’s fishing communities for future generations. The Fishermen’s Association received funding to work on a project to develop the Next Generation of Permit Banking and Fishery Trusts.The Fisheries Innovation Fund is an ongoing partnership between NFWF, the National Oceanic and Atmospheric Administration and the Walton Family Foundation. click here to read the story 21:23
