Funding for a 'quota bank'

The Rasmuson Foundation has made the following grant to the Sitka-based Alaska Sustainable Fisheries Trust:

$475,000 to support a Gulf of Alaska quota bank that will provide access to fishing opportunities through leases to fishermen in rural and indigenous communities. The Alaska Sustainable Fisheries Trust will purchase quota shares of sablefish and halibut to lease to rural coastal residents, providing a lower risk way to take part in these fisheries.