CFF Supports New Fishing Community-Led Nonprofit in Monterey Bay.
EDFish Blog. September 14, 2015
Since launching in 2008, the California Fisheries Fund (CFF) has made 30 low-interest loans—ranging from $50,000 to $350,000 — providing fishermen and sustainable fishing businesses with the capital needed to upgrade boats, purchase equipment and improve their business operations.
Our recent loan to the Monterey Bay Fisheries Trust—a new community-led non-profit dedicated to securing groundfish fishing rights in the Monterey Bay region—provided the organization with vital seed money to enable its establishment.
“Our loan from the CFF has been critical to our organization’s early development” said Sherry Flumerfelt, Executive Director, Monterey Bay Fisheries Trust. “With the quota we were able to buy; we can lease to local fishermen, generate lease revenues and build on the success of sustainable fisheries management.”