Coastal Villages Region Fund is having a fine year, with revenue from its Bering Sea fishing operations projected to reach almost $100 million.
That's better than expected, so the Anchorage-based company plans to break off a $2 million bonus for its 20 member villages in Western Alaska.
The money will go to village governing bodies, mainly tribal councils.
Each village can use its share of the $2 million for purposes such as supplying the needy with heating oil, providing services to elders, paying for public safety, or repairing and marking trails, Coastal says.
You might already know that Coastal is the biggest of Alaska's six Community Development Quota companies in terms of revenue.
But nevermind that!
Coastal now reckons it is "the largest Alaskan-owned seafood company in history."
Dutch Harbor report
3 weeks ago