CDQ Revenue Doubles in 2010

Wednesday, November 02 2011

The governing panel for the Community Development Quota program has released its report on the finances and investments of its six member groups. That program allocates about 10% of the Bering Sea’s fish stocks to western Alaska communities that have traditionally had large Native populations and high levels of poverty.

In a press release, Western Alaska Community Development Association Executive Director Aggie Blandford states that the goal of the report is to highlight the successes of the CDQ groups. The report lists numerous gains, including the development of alternative energy in the Aleutian Islands and the construction of a new small boat harbor in the Pribilofs.

The report also gives the total amount of money that the CDQ groups earned in 2010. Last year, they more than doubled their revenue, bringing in over $400 million. Their operating expenses were calculated at nearly $180 million. The report also states that the six CDQ groups provided wages and salaries to about 2,300 people across 65 communities.



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