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Knowles Calls For Hike In CDQ Allocation
Calls for Alaskans to Get Fair Share from Offshore Fishery Resource

 

March 17, 2004
Wednesday - 1:10 am


To ensure Alaskans get their fair share from our offshore fish resource, and to boost jobs and training opportunities for residents of Western Alaska, U.S. Senate Candidate Tony Knowles has called for an increase in the CDQ fishery allocation to 12.5 percent, the same royalty percentage the state receives for a barrel of oil.

"If that's what's good for Alaska from our oil and gas, we should expect no less from the fishing companies that operate off our shores," Knowles said last week during an Economic Development Summit sponsored by the Calista Corporation and the Association of Village Council Presidents. "It's time they fully share the benefits of developing our resources and plow some of that wealth back into our economy."

Created in 1992 to share the offshore wealth of Bering Sea fish resources with coastal communities of the region, Community Development Quotas, or CDQs, were a set aside of fish allocated to six regional corporations from the Aleutians to Norton Sound. With a quota initially set at 7.5 percent of the allowable catch of pollock, the CDQ fishery was later expended to 25 species including the valuable king and snow crab.

Widely considered a success, the CDQ allocation now pumps more than $70 million annually into a region that suffers one of the highest unemployment rates in the nation, creates 2,000 jobs annually, and provides training for another 1,200 residents. Funds generated by the program have been used for fishery related economic development projects in coastal communities.

Quotas allocated under the CDQ program were increased to 10 percent for pollock and crab as federal laws were passed to rationalize those fisheries, but Knowles called for the percentage to be increased to the same rate assessed on other resource companies that operate in Alaska.

"A 12.5 percent royalty would mean an additional $12 million dollars annually for the CDQ corporations, 400 more jobs for Western Alaskans, and more training opportunities," Knowles said. "If it's good for BP and Exxon, a 12.5 percent royalty should be what we receive from the fishing companies. Creating jobs, training, and boosting rural economies are all part of putting Alaska First."


Source of News Release:

Knowles for US Senate Campaign
Web Site

 

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