CDQ Leaders, Western Alaskan communities join to buy out crab industry pioneers

Thirty communities, Coastal Villages Region Fund (CVRF), and Bristol Bay Economic Development Corporation (BBEDC)  announced significant crab industry acquisitions to bring new revenues to Western Alaskan communities. The buy-out of the Mariner Companies, a Seattle-based fishing enterprise majority-owned by Kevin Kaldestad and Gordon Kristjanson, provides participating communities with opilio and red king crab quota, equaling 3% of the total crab fishery; while CVRF and BBEDC will acquire full ownership of seven crabbing vessels. The deal enables communities to increase their revenues from the fisheries to deliver more programs and benefits to their residents and provides additional revenue for CVRF and BBEDC programs that serve those communities. >click to read< 10:53

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