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Six Western Alaska nonprofits can now apply for a slice of nearly $200 million in federal loans to pay for fishing vessels, quota and other industry expenses to support economic development in their region. The long-term loans are from the National Oceanic and Atmospheric Administration and are exclusively available to the Western Alaska Community Development Quota Program. The CDQ program is made up of six nonprofit groups that are tasked with supporting economic development and wellbeing in communities on the Bering Sea and Aleutian Islands through fisheries revenues. ....
Six Western Alaska nonprofits can now apply for a slice of nearly $200 million in federal loans to pay for fishing vessels, quota and other industry expenses to support economic development in their region. ....