CVRF APPROVED AN ADDITIONAL $1.5 MILLION FOR COMMUNITY PROJECT FUNDING AT QUARTERLY BOARD MEETING

ANCHORAGE, AK – On October 13 and 14, Coastal Villages Region Fund’s Board of Directors and staff gathered at the company’s headquarters in Anchorage to conduct its quarterly board meeting.

At the meeting, which was open to the public, the CVRF Board conducted official business, which included the approval of $1.5 million in additional program spending. The funding will go toward CVRF’s Community Designated Fund program.

The purpose of the Community Designated Fund is to support CVRF’s member communities in their endeavors for overall economic development, consistent with the mission of the Community Development Quota program.

“We as a board have seen how important this program is to the region,” said CVRF President Richard Jung of Napakiak. “Communities are lacking funding in many different areas of community infrastructure and basic community needs. This year we’ve seen funding go toward public safety wages, new home appliances, water subsidies, village building renovations, community basketball courts, church utilities and many other projects that support economic development in the region and we are looking forward to seeing more success.”

CVRF’s Board of Directors is comprised of one democratically elected representative from each of its 20 Western Alaska villages. In addition to the official proceedings, Board members took the opportunity to attend the Alaska Federation of Natives (AFN) convention which was held in Anchorage during the same week as the CVRF Board meeting.

“We attended our regular board meeting and accomplished a lot,” said CVRF Vice President James Akerelrea of Scammon Bay. “Each meeting brings us closer to building a sustainable future for our region. We meet with goals in mind and together we unite our communities. We face each issue with a solution and produce real, tangible developments. It was also nice to have the opportunity to engage with fellow rural Alaska leaders during the AFN convention. We have a vision and we want to see our communities thrive.”

Other business conducted at the meeting included updates from the staff on CVRF’s community benefits programs, region employment statistics, Bering Sea fishery operations, and corporate financial performance.

“The board is very active and thrives on the belief that the CDQ program exists to help the people living in villages near the Bering Sea fisheries,” said CVRF Executive Director Morgen Crow. “CVRF is dedicated to expanding our capabilities and improving our services to help meet the economic needs of our communities. We have faced many challenges and have many more ahead in growing economic opportunities in our region. I commend the CVRF Board for their continual dedication to our mission.”

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CVRF is a 501(c)(4) Alaska non-profit corporation whose 20 member villages are along the west coast of Alaska from Scammon Bay to Platinum. CVRF is believed to be the largest Alaskan-owned seafood company in history and is governed by a 20-member Board of Directors elected by the residents of its 20 member communities. CVRF is dedicated to providing economic development in its 20 member communities by creating sensible, tangible and long-term opportunities that generate Hope for residents who want to Fish and Work. CVRF is the largest jobs provider in its member villages and is the first CDQ group to own and control the vessels that harvest its CDQ allocations.

For more information, visit www.coastalvillages.org or contact Leila Smith at 907-278-5151. Please visit CVRF’s Facebook page at www.facebook.com/CoastalVillagesRegionFund and Coastal’s Twitter page at www.twitter.com/CoastalVillages.