Sharing the wealth

Coastal Villages Region Fund has approved a second round of funding for its People Propel initiative.

Coastal is an Anchorage-based company operating under the federal Community Development Quota program. It manages commercial fish harvests on behalf of a group of Bering Sea villages in the area of the Kuskokwim River delta.

With People Propel, Coastal offers village residents substantial subsidies for the purchase of boats, motors and nets.

Coastal evidently is doing great, certainly well enough to help buy some outboard boats and fishing gear.

Coastal's executive director, Morgen Crow, drew a $475,000 salary plus a $420,000 bonus in 2012, the company's latest annual report shows.

Six other staffers received in excess of $205,000.