Economic Development Corporation - BBEDC€¦ · “It is the purpose of the Bristol Bay Economic Development Corporation to promote economic growth and opportunities for residents

Bristol BayEconomic Development Corporation

P. O. Box 1464 Dillingham, AK 99576 | www.bbedc.com

2014 Annual Report“Providing Opportunities, Accept the Challenge”

BBEDCP. O. Box 1464Dillingham, AK 99567

PRSRT STDUS Postage

PAIDAnchorage, AK

Permit #69

“Providing Opportunities... Accept the Challenge” “Providing Opportunities - Accept the Challenge”

Massa Pat, Economic Dev. /Brokerage [email protected]

Bernina Venua, Economic Dev./Brokerage Coordinator [email protected]

Pearl Strub, Education, E/T [email protected]

Charlene Lopez, Education, E/T [email protected]

Gary Cline, Regional Fisheries Director [email protected]

Meg Schroeder, Accounting [email protected]

Marilyn Wilson, Accounting Technician [email protected]

Laticia Powers, Administrative Assistant [email protected]

Norman Van Vactor, President/[email protected]

Helen Smeaton, Chief Operating O�[email protected]

Paul Peyton, Seafood Investment O�[email protected]

Staci Fieser, Chief Financial O�[email protected]

Keggie Tubbs, Finance O�[email protected]

Chris Napoli, Chief Administrative O�[email protected]

Anne Vanderhoeven, Fisheries Quota [email protected]

Alice Ruby, Economic Dev./Brokerage [email protected]

BBEDC Staff MembersBBEDC Board Members

Name Title CommunityH. Robin Samuelsen, Jr. Chairman DillinghamFred T. Angasan, Sr. Vice Chairman South NaknekRobert Heyano Director/Treasurer EkukHattie Albecker Director/Secretary UgashikMark Angasan Director King SalmonMargie Aloysius Director AleknagikRichard Alto Director EgegikKenneth Jensen Director EkwokAlexander Tallekpalek Director LevelockLouie Alakayak Director ManokotakGerda Kosbruk Director Port HeidenMary Ann K. Johnson Director Portage CreekJimmy Coopchiak Director TogiakFritz Sharp Director Twin HillsBetty Gardiner Director Clarks PointPaul Hansen, Sr. Director NaknekVictor Seybert Director Pilot Point

November 2014 November 2014

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Mission Statement“It is the purpose of the Bristol Bay Economic Development Corporation to promote economic growth and opportunities for residents of its member communities through sustainable use of the Bering Sea resources.”

BBEDC DillinghamP. O. Box 1464Dillingham, Alaska 99576(907) 842-4370 / Fax: (907) 842-4336Toll free: 1 (800) 478-4370www.bbedc.com

BBEDC Anchorage8427 Laviento Drive, Ste. 101Anchorage, Alaska 99515(907) 644-8640Fax: (907) 644-8647

Aleknagik

Portage CreekNaknek

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Pilot Pt.

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Ekuk

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EkwokClarks Pt.

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Camai!Our latest annual report reflects BBEDC’s continuing efforts to provide meaningful benefits and opportunities for residents of our member communities. In 2014, the BBEDC Board of Directors chose to focus on maintaining and improving programs we have offered for years, increasing outreach, and making strategic investments, all of which help to maximize benefits to the region.

The increasingly popular Permit Loan Program was able to accomplish its goal by adding 8 new residents to the program which brought the

total to 23 active participants. BBEDC invested $563,025 in permit loan guarantees and $318,321 in down payment assistance, sweat equity and interest assistance. After listening to residents from member communities, the BBEDC Board chose to add the Vessel Acquisition Program to the menu of opportunities available to resident fishers. One fisherman participated in 2014 and the program continues to grow.

Other examples include BBEDC’s $500,000 Community Block Grants provided to address needs specific to our communities, and BBEDC’s generous fisheries programs that were expanded with more fishermen than ever taking advantage of opportunities to upgrade vessels, purchase needed supplies and gear up for the season. Last but not least, participation in Education, Employment & Training programs increased and the Harvey Samuelsen Scholarship Trust awarded one of its largest scholarships of $6,174.54 to 84 students.

Outreach is an area that BBEDC always works to improve and 2014 was no different. Website traffic at www.bbedc.com easily doubled as residents were encouraged to visit it for the most recent programs and information as well as access to all applications, reports, newsletters and staff contact information. On behalf of the Board of Directors, a big thank you goes out to all of the BBEDC Community Liaisons who work every day to spread the word about programs and services provided by BBEDC.

As a board we are focused on leading BBEDC forward and making investments that provide long-term financial self-sufficiency for the corporation, its member communities and residents. This year, another positive step in that direction was taken with the purchase of the Western Venture in partnership with Dõna Martita, LLC as well as the purchase of an additional 10% interest in Arctic Fjord, Inc. and Neahkahnie, LLC, all important components of the inshore/offshore pollock fishery. In closing, I want to thank the Board of Directors and BBEDC staff for their dedication and service to the people of Bristol Bay. If you have a comment or suggestion about BBEDC programs, give me a call or email. We are here to make a difference and provide economic development opportunities for BBEDC CDQ communities.

Sincerely,H. Robin Samuelsen, Jr.Board Chairman

Letter from the Chairman of the Board

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Greetings!On behalf of the entire staff of BBEDC it is a pleasure to share with you our 2014 Annual Report. Having joined the BBEDC family in early 2013, this past year 2014, marks my first full year. No longer able to use the excuse of “new to the job”, it’s been a year of meaningful work, helping to carve out the exciting and challenging opportunities that face BBEDC in our progression of growth and development.

BBEDC’s mission is to “promote economic growth and opportunities for residents of its member communities through sustainable use of the Bering Sea

resources.” To achieve such a mission in the face of the ongoing challenges that confront rural Alaska, such as the perennial shift and loss of residents to urban Alaska and road system communities can appear daunting. Then I look into the eyes of young people like Acelynn Fox (on the cover) and say nothing is impossible. Youth represent our present and our future. Providing future opportunities to the youth of the region fuels BBEDC’s commitment that every effort will be expended to ensure our residents are provided every opportunity within our means to strengthen our communities and the family ties that bind.

The pages that follow describe our programs and revenue generating partners. We are proud of the outreach and the people that make it all happen.

Over the years BBEDC has invested in literally every sector of the Bering Sea Fishery available to us. The economic engine that drives and sustains BBEDC is not only from royalty income from the original CDQ quota allocation, but also includes direct earnings from our fisheries partners. Yes, we are “all in” when it comes to fisheries, yet we also benefit from a diversified fishery portfolio. Salmon, Crab, Pollock, Cod, and Halibut, being the dominant species, the list is long. With diversification comes some protection from what we all know to be all too common, major market swings by any single sector. Diversification as a strategy, while not foolproof, has served us well. That said, we own and participate in access to a wonderful and sustainable food resource, the riches of seafood from the Bering Sea.

After some explosive opportunities for growth in 2013, 2014 has been a year focused on evaluation and strategic planning. The year was an opportunity to strengthen and solidify already strong relationships with our partners, and position ourselves for positive financial growth in the future.

A major focus at BBEDC has been heightened awareness of programs and expanding community outreach. We offer a wealth of programs. However, public awareness of the variety of programs available to everyone remains a challenge and continues to be a top level goal. Along the way significant gains have been made toward increased presence and program utilization. The Permit Loan Program is just one example, with 2014 the best year to date for numbers of successful program participants. That said, until the number of participants exceed the numbers of permits leaving the ownership of watershed residents, we haven’t turned the corner on success.

I work with and for some wonderful and talented folks at BBEDC. We are here for you and because of you, to serve our communities and our region. We maintain an open door policy and good communication is key to our success. If you don’t get an answer that is helpful the first time, please try and try again. We are committed in the pursuit of our mission and with your support we will succeed.

Sincerely,Norm Van VactorPresident/CEO

Letter from the President/CEO


Conversion of Western Venture to“New” DefenderBBEDC’s affiliate, Doña Martita LLC (DM), purchased the Western Venture (WV) in late 2014 to replace the aging Defender. The converted vessel will become the new Defender, and will be the most modern US built ‘wetfish’ trawler in America. Global Seas, the management company for DM, is owned by BBEDC’s partner in DM. Global developed the specifications and will manage the conversion. The rebuilt vessel should be even more efficient and capable than the Bering Defender.

The new Defender should leave the yard in January 2016 and be available for tours in Seattle, probably in May, and will be fishing by June 2016.

The conversion will take place at the Patti Shipyard in Pensacola, FL where the very successful conversion of the DM to the Bering Defender took place.

A major difference on the new Defender is that fish are pumped out of the net into tanks below deck rather than hauling a net with 150-200 tons of pollock onto the vessel’s upper deck. Pumping enhances stability due to reduced weight above decks compared to using a stern ramp to haul the net on deck, and is quite common in Europe.

The WV was built on the Gulf Coast in 2006 to a ‘pelagic trawler’ design to fish herring and mackerel. She fished alongside the DM out of New Bedford for several years (shown there last winter).

The major changes will be to add a bulbous bow, fully shelter the deck, and install new design propellers with Kort nozzles and deflector rudders.

The bow will be given a whaleback top deck to decrease ice buildup on the anchor winch and bow area and the electronics package will be upgraded to one similar to that on the Bering Defender.

Longtime present Defender skipper, Kenny Longaker and crew will get the new Defender. They’re excited to move from a reliable workhorse to one of the most modern and highest performance vessels in the Bering Sea fleet.

Western Venture New Defender


Salmon CampThis summer was packed with three wonderful weeks of Salmon Camp as youth ages 11 to 18 spent 16 days out on Lake Aleknagik in three separate camps.

The first camp started with 13 upcoming 6th and 7th graders from surrounding CDQ communities. The camp ran four fun-filled days. The campers were able to visit with Tim Sands, the Commercial Fisheries Biologist from the Alaska Department of Fish and Game and Terry Fuller, Education Specialist at US Fish and Wildlife. Campers also met with the Alaska Department of Fish and Game counting tower staff on the Wood River and spent some time at the Fisheries Research Institute (FRI). The week focused on learning all about the salmon life cycle and how to can fish.

Twelve 8th and 9th graders from surrounding CDQ communities filled the second camp which ran five days packed with learning and fun. Like the first group, the second camp met with Terry Fuller who taught them about the salmon life cycle, taxidermy and archery. Campers also painted a wooden fish that will be hung in Dillingham. Ian Fo, the Assistant Area Management Biologist for Alaska Department of Fish and Game Sport Fish and his crew spent a day showing the campers how to tie flies and fly fish. They finished up the week helping the biologists with Dolly Varden research and catching juvenile Dollys.

The last camp hosted 5 CDQ students and 7 students UAF brought from around the state. The 12 students spent eight days together as they collaborated and came up with research questions and hypotheses for research projects which they presented to BBEDC staff and parents on the last day of camp. Some of their research covered water quality in two spawning creeks on Lake Aleknagik and studying macroinvertebrates.

We always appreciate the campers’ stories when they return from camp and enjoy watching their friendships grow as they venture out to Lake Aleknagik each year for a little education and a lot of fun.

Education

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ScholarshipsHarvey Samuelsen Scholarship TrustThe Harvey Samuelsen Scholarship Trust (HSST) awarded scholarships to 84 residents this year totaling $442,720.82. Students who attended the full academic year each received $6,174.54.

The HSST Board of Directors believes their scholarship constitutes an investment in the future. As with any investment, they wish to nurture and help it grow, maximizing potential return. They want to help scholarship recipients not just attend college, but earn their degrees. Through the HSST’s Academic Support Initiative, students are encouraged to access tutorial services for classes they are experiencing difficulty with. A student coordinator who is an upperclassman is hired at UAA, UAF and Fort Lewis College, the campuses with the largest resident attendance, to network with the students and organize monthly activities.

BBEDC proudly congratulates of the following graduates for obtaining their degrees.

Juris DoctorateAllen Tibbetts Law Barry University of Law King Salmon

Master of ScienceColleen Johnson Clinical Psychology University of Alaska Anchorage Dillingham

Bachelor of ScienceMindy Heyano Public Health Central Washington University DillinghamMegan Hurlburt Nutrition/Dietetics Stephen F. Austin State University DillinghamWard Hurlburt Aeronautical Science Le Tourneau University DillinghamAnna Quist Wildlife Biology Colorado State University NaknekBethany Tennyson Psychology Boise State University DillinghamLuke Wilson Business Administration Bemidji State University Naknek

Bachelor of ArtsMatilda Kazimirowicz Elementary Education University of Alaska Anchorage EkwokShawna Wilson Elementary Education University of Alaska Fairbanks Naknek

Bachelor of Individualized StudiesVictoria Lopez Individualized Studies New Mexico State University King Salmon

Associate of ArtsHeidi Chiklak General Studies/Ministry Alaska Christian College DillinghamRebecca Wilmarth General Studies UAF Bristol Bay Campus Ekwok

Associate of Applied ScienceNatasha Nielsen Nursing UAA (Bristol Bay Campus) DillinghamJoclyn Reamey Nursing UAA (Bristol Bay Campus) Dillingham

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Scholarships (continued)College Development FundPerseverance is the name of the game for the 114 residents pursuing college degrees while maintaining families and/or jobs at the same time. These students balance busy lives with evening classes and often sit around the table with their kids all doing homework together. Not only does each class that is completed get them closer to their degree, but imagine the role model they are to their children who are witnessing a parent’s dedication to achieving their own higher education goals.

The College Development Fund was developed to assist BBEDC CDQ community residents who are working towards degrees through the University of Alaska statewide system or Alaska Pacific University while residing in their home communities. BBEDC will fund up to 6 credits for tuition, books and fees every semester. This year $164,937.37 was paid on behalf of students.

2014 GraduatesMaster of ArtsAnnie Fritze Dillingham Rural Development UAF Bristol Bay CampusAdam Kane Dillingham Rural Development UAF Bristol Bay CampusLaura Zimin Naknek Rural Development UAF Bristol Bay Campus

Bachelor of ArtsKristina Ramirez Dillingham Rural Development UAF Bristol Bay Campus

Associate of ArtsSusie Jenkins-Brito Dillingham General Studies UAF Bristol Bay Campus

Associate of Applied ScienceJanessa Reamey Dillingham Applied Business UAF Bristol Bay CampusKent Winship Dillingham Apprenticeship Technology UAF Bristol Bay CampusJohn Bragg Egegik Community Health UAF Bristol Bay CampusLucy Tennyson Egegik Community Health UAF Bristol Bay CampusTracy Veal Pilot Point Community Health UAF Bristol Bay CampusTanya Dube Naknek Early Childhood Ed. UAF Bristol Bay CampusNora Flores Togiak Human Services UAF Bristol Bay CampusDarryl Thompson Togiak Renewable Resources UAF Bristol Bay Campus

CertificatesJanessa Reamey Dillingham Applied Business Mgmt. UAF Bristol Bay CampusAmy Wassillie Togiak Community Health UAF Bristol Bay Campus

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Student Loan Forgiveness ProgramFourteen residents participated in the Student Loan Forgiveness Program and had $55,412.76 paid towards their student loans. BBEDC established this program for two reasons: 1) Help graduates pay off student loan debt over a five year period. 2) Offer a financial incentive for graduates to begin their professional careers in a Bristol Bay CDQ community.

To qualify for the program, the applicant must have been a permanent resident of a CDQ community prior to obtaining any student loan debt. Upon completing their degree and returning back to a CDQ community, they must work for one year before applying to the program. Participants in the program receive financial assistance not to exceed $20,000 over the course of five years.

As one participant put it, “For the first time in my life, our family has no education debt hanging over our heads. Your program has been amazing. Thank you for helping to take years off of my loan and to allow our family some breathing room.”

Adult Basic Education / General Education DevelopmentBBEDC continues to support the regional Adult Basic Education (ABE) and General Education Development (GED) program offered through the UAF Bristol Bay Campus. In 2014, BBEDC contributed $39,987.33 to help the campus continue ABE/GED instructional services throughout Bristol Bay. These services are offered to adults who need to strengthen and develop educational skills that relate directly to employment opportunities.

Starting in January of 2014, a new computer based GED instructional and testing system was implemented across the country. The staff and instructors for the Bristol Bay Campus received training focusing on the content and format of the new test. New instructional materials, both in computer format and paper, were necessary in order to continue the GED instructional services around the region.

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Education & Training (continued)Nursing ProgramIn December 2014, the second cohort of nurses graduated with their Associate of Applied Science Degree in Nursing. These students were able to practice their nursing skills in the new Applied Sciences Building at the Bristol Bay Campus. The new nursing lab features state of the art equipment in a patient’s room setting, giving the Bristol Bay students a quality environment for learning. These students go through rigorous hands on training in addition to classroom lectures and homework. Once the students complete their degree requirement, they must sit for the National Council Licensure Examination for Registered Nurses (NCLEX-RN). Upon successfully passing this examination the students will become registered nurses. BBEDC contributes $10,000 towards the instructional services of the program.

Vocational / Technical EducationThe Vocational Training Program offers residents an opportunity to develop their employment skills through either long or short term trainings. Some who apply are just starting out and enroll in longer trainings that result in necessary credentials to gain entry into jobs in their chosen field of employment. Others utilize the program to build on the skills they currently possess in order to advance in their careers or businesses.

Shellie Aloysius of Aleknagik is a wonderful example of someone who achieved her dream of owning and operating her own nail salon on the north shore of Aleknagik. Shellie attended training with funding through BBEDC’s Vocational Training Program at Lana’s Institute of Professional Nail Technology in Anchorage. Upon completion of the program, she obtained her certifications and licensures through the State of Alaska.

Shellie, who is now the proud new owner of her very own full service nail salon “TEN20,” had this to say:

“With the help from BBEDC, my dream has become a reality! I could not have done this without the support from BBEDC. I am very grateful! I encourage people that want to accomplish their goals to utilize the programs offered by BBEDC. Thank you Bristol Bay Economic Development Corporation for all of your services!”

One hundred fifty-three residents received funding through BBEDC’s Vocational Training Program in 2014 for a total of $370,287.68.

Shellie Aloysius

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Number of Residents by Community



TrainingCommunity and Group TrainingThe Community/Group Training Program is offered to BBEDC village, city and borough governments and accredited or known training providers to support training opportunities that are fisheries related or deemed capacity building for BBEDC CDQ residents seeking new or enhanced skills related to their fishing operations or employment. During 2014, BBEDC received 23 requests for trainings that 235 CDQ residents took part in. The cost for supporting the trainings was $153,082.76, making the average cost per resident equal to approximately $651.

Tribal Justice Training Manokotak Village Council

Tribal Justice Training Aleknagik Traditional Council

QuickBooks Twin Hills Village Council

40 Hour HAZWOPER Twin Hills Village Council

8 Hour Refresher HAZWOPER Native Council of Port Heiden

Confined Space SAVEC

AVTEC Nautical Skills Fast Track SAVEC

Rural Alaska Landfill Operator Training Twin Hills Village Council

Heavy Equipment Careers & Operations SAVEC

Community Suicide Prevention Planning Curyung Tribal Council

Accufund Training City of Dillingham

Mining Safety & Health Administration (MSHA) UAA

8 Hour HAZWOPER Refresher City of Togiak

Crane Operator Training City of Pilot Point

Blower Door/Cold Climate Building& Retrofitting Bristol Bay Campus

Alaska Plants as Food and Medicine Bristol Bay Campus

Roberts Rules of Order Twin Hills Village Council

Intermediate Excel BBAHC

Traditional Values and Issues forRural Alaska Women Bristol Bay Campus

New Officials Training City of Manokotak

Safety Management System Basics SAVEC

HAZWOPER 24 Hour SAVEC

First Light Artists Workshop BBC/BBNA/UAF



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InternshipsYouth InternshipsThere were 32 youth employed through the Youth Internship Program during the year, earning $124,970.48 in wages and benefits. Entities in BBEDC communities apply for a variety of positions that offer valuable work experience to young people and BBEDC funds the approved positions. All applicants interested in those positions go through an interview process where they also receive coaching if needed, to help them with future job search efforts. Dependability and other employment soft-skills (good attitude, punctuality, adaptability, etc.) are what employers at the statewide level are saying is most important to them when hiring someone. Once hired, the youth are exposed to basic employer expectations, like the importance of being to work on time and ready to work. Through the 4 – 16 week employment period, the youth also receive the additional benefit of gaining training and experience from the actual work itself while earning wages.

Non-Regional Partner InternshipsThirteen residents earned $126,352.60 in wages while working in positions at BBEDC’s seafood partners’ offices or processing plants in Seattle. Some performed typical office duties while others had various maintenance projects in the processing plant. This unique internship experience exposes the interns to the integral components of the seafood industry. Everything from recruitment of processing crew, to accounting, to fixing processing equipment when the machinery goes down.

Non-Regional Partner Internships continued on next page.

Trey Swain, Youth Intern - Eddies Fireplace Inn Gwenyth Hamon, Youth Intern - Chinook Gifts



Internships (continued)

“Working down in Seattle, WA was a great experience because I got to work with some of the best in the industry. The workers of Ocean Beauty Seafoods were very friendly and were more than happy to educate me on how to use both heavy equipment and machinery. I also got to expand my knowledge on various welding techniques and procedures which will benefit me in the years to come.

I highly recommend the program BBEDC has to offer to any young adults of Bristol Bay because our generation needs to take a stand and help build our communities into successful working environments.”

– Marsha Togiak, Aleknagik

This was the first year that one of the interns was part of the Seattle-based crew that provided maintenance at the Naknek Ocean Beauty plant during the summer. BBEDC interns at Westward Seafoods travel all over Alaska and the west coast recruiting hundreds of employees to fill positions at the company’s shore-based plants. These are incredible work experiences and the interns return with not only new work skills, but exciting stories to tell.

In-Region InternshipsDuring 2014 BBEDC made efforts to grow the In-Region Internship Program to increase opportunities for residents to gain practical experience that is directly associated with their education and career goals. BBEDC works with partnering entities to develop internships within various technical and professional occupations. Interns have the opportunity to work in a variety of areas depending on the individual’s strengths, or BBEDC and a partner entity may work with an individual to determine the field of interest and set up a specific internship for them.

Seven CDQ residents participated in the program, earning $52,771.09 in wages and benefits.

Bristol Bay Area Health Corporation Environmental Health InternBristol Bay Area Health Corporation Health Education Summer InternUnited Tribes of Bristol Bay Coordinator AssistantCamai Community Health Center Patient Care AssistantAlaska Department of Fish & Game O�ce AssistantUnited States Fish & Wildlife Graphics & Communications TechnicianUnited States Fish & Wildlife Park Ranger/Maintenance

2014 interns Jacob Nelson, Deven Lisac, Amelia Giordano, Aaron Kalmakoff, Logan Hunt Front- Chanel Chukwuk



EmploymentSeasonal Employment Opportunities Thirty-three positions were created through the Seasonal Employment Opportunities Program throughout the CDQ communities in 2014. These jobs were entry-level positions and up to 16 weeks in duration. After an employer’s application requesting a position is approved, BBEDC assists in the recruiting process and coordinates interviews with all eligible applicants along with the employer. Residents hired become actual employees of the hiring entity. BBEDC reimbursed employers $260,296.62 for residents’ wages and benefits this year.

2014 Employers and Positions Filled City of Aleknagik ............................................................................. Administrative Assistant City of Aleknagik ............................................................................. Maintenance Worker South Shore (2) DCSD - KDLG .................................................................................... Fundraiser Coordinator City of Dillingham Public Library ............................................. Librarian Assistant City of Dillingham Harbor ........................................................... Assistant Harbor Master City of Dillingham Public Works ............................................... Landfill Attendant City of Dillingham Public Works ............................................... Buildings/Grounds Laborer Choggiung Limited ....................................................................... Land Patrol Agent Teddy’s .............................................................................................. Cashier Curyung Tribal Council ................................................................ Culture Camp Assistant City of Egegik ................................................................................... Laborer City of Egegik ................................................................................... Fisherman’s Hall Attendant Eddies Fireplace Inn ...................................................................... Prep Cook Ekwok Village Council .................................................................. Seasonal and Youth Supervisor Ekwok Village Council .................................................................. Maintenance Worker Ekwok Village Council .................................................................. Summer Trash Collector Ekwok Village Council .................................................................. Laborer Ekwok Village Council .................................................................. Solid Waste Assistant Ekwok Village Council .................................................................. Gas Attendant King Salmon Ground LLC ............................................................ Cargo Handler Blue Fly Bed & Breakfast .............................................................. Administrative Intern Paug-Vik, Inc. Ltd. ........................................................................... Housekeeper/Office Worker Monsen Transfer ............................................................................. Gas Station Attendant Naknek Native Village Council .................................................. Secretary Bristol Bay Borough Public Works ........................................... Skilled Laborer – South Naknek South Naknek Village Council ................................................... Seasonal Maintenance Worker City of Togiak ................................................................................... Public Works Assistant Traditional Council of Togiak .................................................... Office Assistant Twin Hills Village Council ............................................................ Maintenance/Laborer Position (2) City of Pilot Point ............................................................................ Ice Machine Operators (2)

Victoria Lopez Jenny Shyrock Wyatt Hansen


OutreachCommunity Liaison ProgramThe BBEDC Community Liaison Program provides a grant for each of our communities (city or tribal organization) to fund a position to act as a liaison for delivery of BBEDC programs services. In most cases, the position also fills other functions for the community as well and the individual is an employee of the local organization. As part of the program, BBEDC hosts an annual training event for Community Liaisons and City/Tribal Administrators to provide information on new or changing BBEDC programs. The event also provides an opportunity for Community Liaisons to exchange ideas and information among themselves and with BBEDC staff. Grants of $42,800 were available to each of the 17 communities for a total of $727,600 in 2014.

Current liaisons are:Shellie Aloysius, Aleknagik 842-2856 Ann Forthofer, Naknek 246-4210Mariano Floresta, Clarks Point 236-1479 Tessa Nickerson, Manokotak 289-1429Chris Maines, Dillingham 842-2384 Victor Seybert, Pilot Point 797-2208Roberta Alto, Egegik 233-2211 John Christensen, Port Heiden 837-2296Vacant, Ekuk 842-3842 Karl Rawson, South Naknek 469-0369Letia Walcott, Ekwok 464-3387 Joe Alexie, Togiak 493-5003Ralph Angasan, King Salmon 246-3553 Debbie Hoseth, Twin Hills 525-4821Debra Wassillie, Levelock 287-3030 Mike Enright, Ugashik 797-2400

Debbie Hoseth has been working for the Twin Hills Village Council for ten years, two of those as a BBEDC Liaison. She is also on the Twin Hills Village Council and The Nunamta Aulukestai Board. When not at work, Debbie subsists off the land and water with her other half (Jack Snyder) throughout the whole year. Winter is filled with trout and pike fishing; Spring with seal hunting, kelping, clamming; Summer with putting up fish, berry picking; and Fall with moose hunting and more berry picking. She also is a talented skin sewer and loves spending quality time with her grandchildren whenever she can.



Youth Employment and EducationArctic Tern Grant ProgramYoung people in BBEDC communities have limited opportunities for employment and communities have few resources for creating opportunities. Therefore, the Board established the Arctic Tern Program as a vehicle for providing an annual grant (up to $6,000) to each of the CDQ communities to be used to support and foster jobs, employment activities or learning opportunities for resident young people up to 17 years of age.

In 2014, twelve communities applied for and were awarded Arctic Tern Grants totaling $69,245. Grant projects included:

Aleknagik Fall Clean-up/Litter Patrol, Fire/EMS Chief Assistant, Tribal Office CustodianEgegik Juneau trip for capital and career opportunity explorationEkuk National Youth Leadership ForumEkwok AFN Youth/Elders ConferenceLevelock Youth Employment and Job Skills DevelopmentNaknek Youth Employment and Job Skills DevelopmentManokotak Youth Clean-up/Green-up and Youth Learn to EarnPortage Creek AFN Youth/Elders Conference Port Heiden Elder Assistance Workers and Employee Training at City StoreSouth Naknek Native Youth Olympics in partnership with Bristol Bay Borough School DistrictTwin Hills AFN Youth/Elders ConferenceUgashik Ugashik Pride Community Clean-up

Aleknagik City Clean-up

Youth & Elders Conference dancers. Andrew Redmond, Carlton Small, Sylvia Henry and Curtis Pleasant of Twin Hills enjoying dinner out during the AFN Youth & Elders Conference.

Naknek Youth Employment



Economic Development Program ServicesTax Assistance ProgramThe Tax Assistance Program was established to replace taxpayer clinics previously arranged by the IRS, ultimately for the purpose of increasing the accurate and timely filing of tax returns by residents. Timely filing of tax returns is critical for residents (fishers and non-fishers) that intend to qualify for financing programs through private or public sources. The Tax Assistance Program provides financial assistance for the preparation of current year IRS income tax returns by any of the professional tax preparers approved by BBEDC. In 2014, BBEDC provided assistance with the preparation of 1,174 resident tax returns at the cost of $147,375.

Personal Finance/Education ProgramSuccess in financial management on an individual level is a key element to stabilizing the economic health of the community and region, especially for residents that are entering the commercial salmon fishery. BBEDC contracts with the non-profit firm, Money Management International (MMI), to act as a resource and provide financial counseling through workshops and individual one-on-one counseling. MMI is present in the region on a quarterly basis and available via telephone and e-mail in between trips to the region. They provide direct one-on-one client counseling and education on obtaining and understanding credit reports. In 2014, BBEDC invested $19,000 in the provision of services for this program. Most notable was that more than half of their time was devoted to potential Permit Loan Program and Vessel Acquisition Program candidates.

Grant Writing AssistanceThrough the Grant Writing Assistance Program, BBEDC provides the services of selected grant-writing consultants in a paid block of time to eligible BBEDC city or tribal governing entities. Communities use grant funds to replace aging infrastructure and create economic development programs for their residents; development which creates income generating opportunities for residents. In 2014, $13,000 was invested in professional preparation of proposals submitted by BBEDC communities to granting agencies.

Grant E-listBBEDC continues to distribute a grant e-newsletter to community organizations in our region to provide information about funding opportunities and sources. The grant e-list is prepared by a contractor and distributed quarterly through direct email and posted on the BBEDC website www.bbedc.com.

Technical Assistance ProgramUnder this program, expertise is provided to promote solid business planning and development whether it is a commercial fishing operation or other small business development. BBEDC provides access to professional business advisors and consultants for community (city, tribe, etc.) administrators, nonprofit administrators, and private citizens. Consultants counsel, coach, mentor and assist clients in business or project planning including feasibility assessments, development of a business plan, identifying financial needs, identifying sources for financial assistance, loan applications, grant applications, preparing and understanding financial reports and other tasks upon request. Approximately 50 hours of consultant time at the cost of approximately $5,000 was invested in resident entrepreneurs in 2014. Over 115 hours of consultant time was devoted specifically to Permit Loan Program and Vessel Acquisition Program participants for annual business planning and counseling.



Economic Development2014 BBEDC Community Block GrantsThe BBEDC Community Block Grant Program provides the opportunity for communities to fund projects that promote sustainable community and regional economic development. The BBEDC Board of Directors each year, establishes the amount of funding available. In 2014, BBEDC allocated $500,000 per community for Community Block Grants. All BBEDC communities applied for and were awarded the maximum amount available.

Aleknagik Traditional Council, Fire Truck-South Shore ....................................................................................... $108,760.42Aleknagik Traditional Council, Land Purchase Community Building .................................................................. $109,000.00Aleknagik Traditional Council, Land Purchase Community Building .................................................................. $159,968.40Aleknagik Traditional Council, Fuel/Electric Assistance........................................................................................ $41,800.00Aleknagik Traditional Council, Fire Tanker Repairs ................................................................................................. $5,900.00Aleknagik Traditional Council, Transport Vehicle.................................................................................................. $74,571.18Clarks Point Village Council, Boat Launch Trailer.................................................................................................. $48,000.00Clarks Point Village Council, Annexation Petition ................................................................................................ $60,000.00Clarks Point Village Council, Fuel/Electric Assistance ........................................................................................... $18,700.00Clarks Point Village Council, City O�ce Improvement Project.............................................................................. $12,477.60Clarks Point Village Council, New Village Council Building................................................................................. $360,822.40Curyung Tribal Council, Fuel/Electric Assistance ................................................................................................ $250,000.00City of Dillingham, Land�ll/Sewage Lagoon Projects........................................................................................ $250,000.00Egegik Village Council, Tribal Council Building Construction Phase 4 ................................................................. $500,000.00Ekuk Village Council, Ekuk to Clarks Pt. Road Construction Phase II ................................................................... $500,000.00Ekwok Village Council, Construction of Blueberry Road..................................................................................... $200,000.00Ekwok Village Council, Ekwok Land�ll/Klutuk Road Construction...................................................................... $300,000.00King Salmon Village Council, Trailer/Equipment Purchase & M/O for Community Facilities ............................... $500,000.00Levelock Village Council, Fish Processing Facility & Freezer Plant ...................................................................... $500,000.00City of Manokotak, Five Year Community Plan & Annexation Petition ................................................................. $90,000.00City of Manokotak, Community Building Construction...................................................................................... $210,000.00Manokotak Village Council, Tribal O�ce Building Phase II & Fuel/Electric Assistance ........................................ $200,000.00Naknek Native Village Council, Phase I Engine Replacement, Phase II Hull Sounding........................................ $500,000.00Pilot Point Village Council, Wind Turbine & Fuel/Electric Assistance .................................................................. $500,000.00Port Heiden Village Council, Meshik Processing Center/Reindeer Farm & Fuel/Electric Assistance..................... $500,000.00Portage Creek Village Council, Purchase Portage Creek School Facilities............................................................ $500,000.00South Naknek Village Council, Maintenance & Operations .................................................................................. $51,757.00South Naknek Village Council, Community Ice Machine .................................................................................... $180,772.00South Naknek Village Council, Community Facilities Modernization ................................................................... $99,629.58South Naknek Village Council, Valley Sewage Lift Station 2................................................................................. $95,957.63South Naknek Village Council, Fuel & Electric Assistance..................................................................................... $14,300.00South Naknek Village Council, Community Subsistence Building Construction ................................................... $57,583.79City of Togiak, Water Treatment/Water Storage Tank Upgrade........................................................................... $213,623.16Traditional Council of Togiak, Fuel/Electric Assistance ......................................................................................... $90,200.00Traditional Council of Togiak, Togiak Fab Lab Project ........................................................................................... $50,000.00Traditional Council of Togiak, Upgrade TCT O�ce Technology, Maintenance/Operations TCT Facilities............... $146,176.84Twin Hills Village Council, New Land�ll Permitting ............................................................................................. $27,351.60Twin Hills Village Council, Fuel/Electric Assistance .............................................................................................. $23,100.00Twin Hills Village Council, Water Treatment Facilities Upgrade ............................................................................ $36,800.40Twin Hills Village Council, Clinic/Pump House Maintenance/Operations ............................................................. $57,864.86Twin Hills Village Council, Back-up Community Generator Purchase/Installation .............................................. $132,000.00Twin Hills Village Council, Water/Waste Water System Repair ............................................................................. $41,535.42Twin Hills Village Council, Land�ll Relocation Project........................................................................................ $181,347.72Ugashik Traditional Village Council, Dock Project, Maintenance/Operations Community Facilities,Ice Machine Maintenance/Operations, Fuel/Electric Assistance ........................................................................ $500,000.00



Economic Development (continued)Infrastructure Grant FundThe Infrastructure Grant Fund Program provides BBEDC communities with a source of funds for broad public infrastructure as well as business infrastructure development. Tribal and/or City governments are eligible to apply for up to $2,000,000. Projects to be funded with BBEDC IGF must be feasible and sustainable as demonstrated and documented in the grant application and either a business plan or operating plan. The grant program objectives and the application are more complex than the Block Grant program and therefore BBEDC’s Technical Assistance and Grant Writing Assistance are available to applicants that desire the same.

In 2014, BBEDC awarded an IGF to the Ekwok Village Council in the amount of $2,000,000 for their project entitled “Ekwok Landfill and Access Road.” The award was contingent upon the demonstration that all funds for the project were secured.

Ekwok Landfill and Access Road Project



Permit Services and AssistanceBristol Bay Permit BrokerageThe Permit Brokerage Program is one of the longest standing programs at BBEDC. The Brokerage provides services that are designed to inhibit the migration of limited entry salmon permits out of the Bristol Bay region thus assuring residents’ ability to generate income. Assistance is provided with regulatory requirements relative to permit and vessel ownership; i.e. permit/vessel license renewals and reporting requirements associated with the Commercial Fishing Entry Commission (CFEC) and U.S. Coast Guard as well as assistance with completing loan applications for purchasing or upgrading fishing operations. In 2014, assistance was provided to 175 people with CFEC or USCG permit/vessel renewals and transfers, crew contracts, vessel lease documents, other necessary fishing related documents along with renewing coast guard documentation.

Permit Loan ProgramIn a continuing effort to retain and return limited entry permits to the region, BBEDC enhances a resident’s ability to purchase and successfully operate a limited entry salmon permit through a menu of financial and technical services including loan guarantee, down payment grant, interest assistance, principal reduction assistance, technical assistance and/or training to successful applicants. Participants are selected through an evaluative process. This program is unique in that it is available to resident applicants of the 25 Bristol Bay watershed communities through agreements with the Alaska Commercial Fishing and Agriculture Bank (CFAB) and the Division of Economic Development (DED). In 2014, BBEDC accomplished the annual goal by adding 8 new residents to the program; bringing the total active participants to 23 of which, 18 are drift permit holders and 5 are set permit holders. The total does not include participants that exited the program. BBEDC invested $563,025 in permit loan guarantees and $318,321 in down payment assistance, sweat equity and interest assistance which are critical for assuring residents are able to gain the financing necessary to secure drift or set permits.

Vessel Acquisition ProgramThe goal of the Vessel Acquisition Program is to enhance the ability of residents to undertake and maintain a successful fishing business by providing an opportunity to obtain a competitive and efficient vessel when their financial resources are not adequate for them to do so on their own. The program can provide a down payment grant, interest subsidy, equity assistance, training and technical business counseling. The individuals must be able to obtain a loan through one of BBEDC’s partner lenders (CFAB or DED) though any established lending institute can be considered under this program. In 2014, this newly established program saw the entry of one resident drift fisher with more applications received and carried into the next fiscal year for assessment.

Boice Larson of Dillingham was one of the residents that became a participant in the BBEDC Permit Loan Program in 2014. Boice proudly fishes the F/V Grammy.



Permit Services and Assistance (continued)Interest Rate Assistance ProgramResident commercial fishers currently experience lower ex-vessel income/production than non-watershed residents because of less access to capital to modernize their business operations. To reduce the migration of permits and provide an opportunity for residents to be more competitive, BBEDC can pay a portion of the annual interest on loan payments for residents where the loan is specifically for the purpose of a limited entry permit, a commercial fishing boat or commercial fishing gear. The resident is then able to re-invest income back into their fishing operation (boats, chilling systems, gear and other) so that they become more competitive in the current market. BBEDC invested over $47,465 in 2014 towards individual loan interest assistance for resident fishers.

Emergency Transfer Grant ProgramThe Emergency Transfer Grant Program is designed to enhance access to temporary fishing permits by residents that cannot afford to pay an emergency transfer fee and to assist individuals to eventually become self-sufficient permit holders and thus increase the number of limited entry salmon permits held by residents of the region.

A temporary transfer, when possible, allows an individual to commercial fish for the relevant season which can provide an opportunity to explore commercial fishing as a feasible income generating activity, earn funds for the down payment necessary to purchase a permit and enhance their knowledge of the fishing industry. In 2014, BBEDC invested $226,425 and enabled 30 residents to hold and fish a limited entry permit with 9 of those eventually filing a Permit Loan Program application to become permanent permit holders.

Shore Fish Lease Grant ProgramTo enhance income potential and allow for some certainty of access to a site for eligible resident Bristol Bay set net permit holders, BBEDC offers the Shore Fish Lease Grant Program, providing eligible participants with a grant of up to $800 toward gaining a State of Alaska Shore Fishery Lease. The grant can be used for up to 75% of the cost of the application fee, diagram review, cost of a surveyor or cost of the initial/first year rental payment to the Alaska Department of Natural Resources. In 2014, this newly established program saw the award of one grant of $800 to a resident set net fisher.

Annual Business of Fish WorkshopsIn 2014, BBEDC invested over $18,000 in the annual Business of Fish workshops, an event coordinated in partnership with the UAF Bristol Bay Campus, the Marine Advisory Program and the Southwest Alaska Vocation and Education Center. The event is designed to provide a forum for learning and information exchange for current and future Bristol Bay fishers and attendance at the workshops fulfills the continuing education requirements for Permit Loan Program and Vessel Acquisition Program participants. Workshops were coordinated in Dillingham, Naknek and Togiak.



2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

TotesSlush Bags Vessel Upgrades

Vessel Upgrades/Chilling Program

Years

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Dol

lars

Regional Fisheries


Vessel Upgrade Grant Recipientsby Gear Type in 2014

Set Net Operations 35%

Drift Vessel 65%

Vessel Upgrade GrantsThe most popular Regional Fisheries program is the Vessel Upgrade Grant Program that helps resident drift vessel and set net operators upgrade their existing equipment. In 2014, ninety-one fishers benefited from funding exceeding $1.13 million for projects such as drive train replacements, flush decking, RSW systems, repowering set net skiffs and much more. Drift vessel owners were eligible for up to $20,000 for projects and set net operators had access to a maximum grant of $10,000. The program offers fishers the opportunity to prioritize their needs, choose their own vendors, do the work themselves or with their crew, utilize contractors, purchase supplies, and complete diverse projects, all with the end goal of making the local salmon fleet as productive as possible.

Chilling ProductsBBEDC takes great pride in assisting residents to be more competitive, efficient and successful in their harvesting endeavors. The Regional Fisheries Department offered four programs aimed at helping commercial fishers with maximizing participation in the fishery and promoting quality at the point of harvest. The ongoing Chilling Products Program expanded in 2014 to serve not only Bristol Bay CDQ communities, but communities throughout the Bristol Bay watershed including the Lake Iliamna and upriver Nushagak villages area. With just shy of $70,000 spent on insulated totes, slush bags and flexible foam, 27 permit holders received these benefits; bringing the total number of historical participation to nearly 850 residents served.


Regional Fisheries (continued)

Togiak resident Moses Kritz used his Vessel Upgrade Grant to repower his set net skiff with a new outboard motor purchased through an Alaskan vendor.

Owner/operator of the F/V Jenna Fay of Naknek, used part of his Vessel Upgrade Grant to purchase a new stove for his drift vessel.

Graham Morrison a set net fisher from King Salmon, utilized his Vessel Upgrade Grant to outfit his skiff with a new power roller, brailer bins, brailers, prop, anchor, dump tubs, and other various supplies.


Regional Fisheries (continued)

Egegik3%

Aleknagik5%

Naknek5%

King Salmon5%

Manokotak5%

Clarks Pt.3%

Dillingham, 42%

Togiak, 32%

Pre-Season AdvanceProgram Participants by Community

CDQ Halibut Program – 4E FishersThe Bristol Bay small boat longline halibut fishery is a minor but significant component to the fishing income of local fishermen. Western Alaska CDQ organizations utilize Bering Sea fisheries to support economic development and this near shore effort is no exception. In 2014, fifteen resident vessels from two communities landed nearly 30,000 lbs. of halibut for commercial sale. Most was sold to onshore processors in the Togiak area and then sent out fresh and frozen to markets throughout Alaska and the Pacific Northwest. A handful of deliveries were made dockside by local fishers in the Dillingham Small Boat Harbor for the dining pleasure of local buyers, including individuals and small business operators such as B&B’s and lodge owners. The estimated ex-vessel value of this fishery was $131,000, bringing a much welcomed income to these fishers prior to the Bristol Bay salmon fishery in which the majority of halibut captains and crew also participate.

Pre-Season AdvancesThrough the Pre-Season Advance Program, BBEDC offers loans to fishermen who hold a commercial fishing permit to assist with the pre-season expenses needed to participate in the commercial fishery such as new nets, crew member airfare, unexpected mechanical failures, and other fishing related costs. Loans are secured with a purchase order from the permit holder’s processing company and are due to be repaid upon the close of the season. In 2014, thirty-nine participants received a total of $185,947 in loans.

RSW SupportNew in 2014, the Refrigerated Sea Water Support Program (RSW) offers grants of up to $1,000 for fishers who have RSW systems onboard their vessels. These funds were implemented to help offset the cost associated with servicing and maintaining RSW systems in order to protect the longevity of their chilling capacity. While participation was low with only 15 applicants, Regional Fisheries believes this program will come to be one that local fishers value.


Bristol Bay Science & Research Institute (BBSRI)BBSRI is a non-profit research entity and subsidiary of BBEDC that has been involved in local fisheries research and monitoring over the last 15 years. BBSRI’s mission is:“To undertake scientific research and management that will foster economic and social benefits to the residents of Bristol Bay and ensure sustainability of the region’s renewable natural resources.”

BBSRI pursues important topics and research needs that government agencies may be unable to address due to declining budgets or constrained mandates. For example, the State of Alaska is responsible for ensuring that the Bristol Bay salmon fishery provides a sustainable catch over time, but no state or federal agency has a mandate to ensure economic vitality of the fishery. Stemming directly from its mission, BBSRI’s work over the last decade has been to conduct research that will improve fisheries management, thereby fostering sustainable fisheries and the economic health and vitality in the region.

Three notable BBSRI projects in 2014 were the ongoing smolt and Port Moller Test Fish programs, and an analysis of alternative sockeye salmon escapement goals.

Bristol Bay Smolt Program, 2008-presentBBSRI began monitoring smolts (juvenile salmon migrating to sea) in 2008, when it installed a newly-designed sonar system on the Kvichak River. This revived a program active for nearly five decades (1955-2001) under ADF&G’s leadership, but dormant since 2001. Since resurrecting the program, BBSRI has estimated smolt abundance each year on the Kvichak River and expanded the program to the Ugashik and Egegik rivers. 2014 was the second consecutive year in which smolt abundance was estimated on all three rivers concurrently.

The goal of the smolt program is to estimate the number, age, and body size of smolts leaving major Bristol Bay rivers. This information can detect notable population changes two to three years before fish return as adults. Once these smolts begin returning as adults, the information can also be used to improve pre-season forecasts of adult salmon runs, refine spawning (escapement) goals, and partition survival into freshwater and marine components. Such uses require multiple years of monitoring so that each smolt class can be tracked through to adulthood.

BBSRI Fisheries Technician Clint Sejkora prepares to sample smolts for age and size on the Ugashik River

Fisheries Technicians Brad Kalb (BBSRI) and Dirk Middleton (ADF&G) inspect smolt sonar pods before deployment - Kvichak River

In 2014, Kvichak River smolts were unusually old, had some of the best body condition factors of the past 30 years, and were the most abundant since monitoring resumed in 2008. These trends were also evident on the Ugashik and Egegik rivers, although not as striking. Altogether, 2014 results indicate smolts emigrating from eastern Bristol Bay rivers were relatively abundant and well-fed, both of which are good signs for eventual adult returns.


BBSRI (continued)Port Moller Test Fishery, 2003 - presentBBSRI conducts the Port Moller Test Fishery (PMTF) each year to assess the timing, composition, and abundance of sockeye salmon 6 to 9 days before they return to commercial fishing districts in Bristol Bay. Processors, fishermen, and fishery managers use the results to help manage the fishery, fishing fleets, and processing industry. ADF&G is an active collaborator on the project, providing the R/V Pandalus and crew each year, along with analyses of fish ages and stock composition.

The PMTF project had a good year in 2014, releasing a series of accurate inseason predictions that the run would come in above forecast. The PMTF team correctly predicted this as early as June 29, when it was still unclear whether high early catches in Bristol Bay were from a large or just an early run. On July 2, the PMTF team revised the forecast further upwards to 38.3 million fish, despite only 50% of the run having yet arrived in Bristol Bay. This revision proved close to the eventual final run size of 40.3 million fish, which was 52% larger than the preseason forecast. The PMTF success in 2014 was due in large part to the entire team making incremental improvements each year in sampling

methods, logistics, vessel collaboration, and the inseason forecast model. Finally, 2014 marked the first year in which multiple pieces of inseason information were accessible to stakeholders on the BBSRI web page immediately upon release.

Analysis of Alternative Escapement Goals In 2013, BBSRI began a collaborative project among industry, scientists, and managers to analyze alternative salmon escapement goal ranges, (i.e., the ranges of salmon that should be allowed to return to spawn) in six Bristol Bay drainages. The project was conducted through 2014 and was novel in that it developed consensus recommendations that included economic considerations when assessing the effects of salmon run size on harvest and future salmon production. (The project’s recommendations were provided to ADF&G and to the Alaska Board of Fisheries in early 2015, and were subsequently adopted into new escapement goals and fishery management plans for the 2015 season.)

Looking to 2015 and BeyondGoing forward, BBSRI will continue to establish its scientific credibility and provide meaningful contributions to the management of the Bristol Bay salmon fishery. Investments in programs like the smolt monitoring and the Port Moller Test Fishery grow with time, and continuous datasets will be more valuable than those with intermittent or inconsistent support. BBSRI will focus on the following in 2015: • Continue long-term monitoring of sockeye salmon smolts and the operation of the annual Port Moller test fishery. In 2015, BBSRI will also conduct technical reviews to improve overall project quality and to recommend uses for specific fishery management applications. • Continue to provide technical expertise and financial support for participation in regional fisheries issues. • Assist fishery managers by continuing to invest in technological infrastructure to improve real-time information management for the world’s biggest sockeye salmon fishery.

BBSRI technicians Amos Cernouhouz and Levi Caldwell working onthe PMTF project


Quota ManagementCDQ/IFQ Harvesting ActivityBBEDC generates royalties by contracting with harvesting vessels and processors for a share of the revenue generated in the harvest and sale of CDQ and IFQ allocations. These royalties help support the programs and other work provided by BBEDC. Additionally, our contractual arrangements with these harvesters and processors typically provide employment for BBEDC residents.

Each year BBEDC receives CDQ allocations of Bering Sea and Aleutian Islands groundfish, crab and halibut. Some allocations, like pollock, are very large, while others, like Aleutian Islands trawl sablefish, are very small and can’t support a directed fishery on their own but are valuable, retainable bycatch in other target fisheries. Allocations of some species, like pacific cod, have a large component dedicated to directed fishing but require some portion to be used for bycatch in other targets. Maximizing the benefits of these allocations requires a balance of target fisheries and gear types.

In 2014, BBEDC had contracted vessels harvesting CDQ allocations from January 12 until November 21. Over the course of the year, more than 97,000,000 lbs. of fish and crab were harvested, more than 59,000,000 lbs. were of pollock alone.

CDQ Fishery Target Harvested Harvesting Vessels

Pollock 26,586 mt Arctic Fjord, Arctic StormPacic cod 4,827 mt Bristol Mariner, Alaskan Leader, Northern LeaderAtka mackerel 376 mt Seafreeze AlaskaPacic Ocean perch 390 mt Seafreeze AlaskaYellown sole 4,785 mt Seafreeze Alaska, Legacy, VaerdalRock sole 1,052 mt Seafreeze Alaska, Legacy, VaerdalFlathead sole 246 mt Seafreeze Alaska, Legacy, VaerdalBS sablesh 24 mt Western MarinerAI sablesh 54 mt Aleutian Beauty4D halibut 58,038 lbs Shemya

CDQ Crab

EAI golden king 59,580 lbs Erla-NBB red king 160,132 lbs Bristol Mariner, Pacic MarinerOpilio 1,137,700 lbs Bristol Mariner, Cascade Mariner, Aleutian MarinerTanner 27,797 lbs Nordic MarinerSt Matthews blue king 7,833 lbs Cascade Mariner, Western Mariner

IFQ Fishery

3A halibut 42,351 lbs Southern Seas, Naknek Leader3B halibut 15,121 lbs Black Pearl, Shemya4B halibut 49,325 lbs Deliverance, Letun4D halibut 16,767 lbs Alaskan PearlAI sablesh 61,560 lbs Bering LeaderBS sablesh 25,023 lbs Western MarinerCG sablesh 158,394 lbs Alaskan Dream, Alaskan Star, Bold Pacic, Kema SueWG sablesh 27,847 lbs Black Pearl, Southern SeasPacic cod 15,593 mt Alaskan Leader, Bering Leader, Bristol Leader, Northern Leader

IFQ Crab

BB red king 185,188 lbs Arctic Mariner, Western Mariner, Cascade Mariner, Bristol MarinerOpilio 787,862 lbs Nordic Mariner, Pacic Mariner, Bristol Mariner, Arctic MarinerTanner 107,058 lbs Cascade Mariner, Nordic Mariner, Aleutian MarinerSt Matthews blue king 7,709 lbs Pacic Mariner, Bristol Mariner

BBEDC Harvesting Partners for 2014



Quota Management (continued)Harvest of BBEDC CDQ Allocation

for Directed Fishing of Target Species

0%20%40%60%80%

100%120%

Pollock

Paci�c Cod

BS Sable�sh

AI Sable�sh

Atka Mackerel

Paci�c O

ceanPerch

Yellow�n Sole

Rock Sole

Flathead Sole

4D Halibut

EAI Golden

King Crab

BB Red King Crab

Opilio King Crab

Tanner Crab

St. Matth

ews

Blue King Crab

0%

20%

40%

60%

80%

100%

120%Harvest of BBEDC IFQ Allocations

4D Halibut

AI Sable�sh

BS Sable�sh

CG Sable�sh

WG Sable�sh

Opilio King Crab

BB Red King Crab

Tanner Crab

St. Matth

ews Blue

King Crab4B Halibut

3B Halibut

3A Halibut

CDQ Royalties

01992 93 94 95 96 97 98 99 2000 01 02 03 04 05 06 07 08 09 11 12 13 142010

Years

2,000,000

4,000,0006,000,0008,000,000

10,000,00012,000,00014,000,00016,000,00018,000,000

Dolla

rs

IFQ Royalties

500,000

0

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

1992 93 94 95 96 97 98 99 2000 01 02 03 04 05 06 07 08 09 11 12 13 142010

Dolla

rs

Years



Organizational Investment Chart


Bristol Bay Economic Development Corporation501(c)(4) Non Profit Corporation

Bristol Mariner, LLC125’ crab and cod

catcher vessel & IFQs45%

Arctic Mariner, LLC125’ crab and cod


Nordic Mariner, LLC121’ crab and cod


Northern Mariner, LLCCrab IFQs and

pot cod license45%

Western Mariner, LLC108’ crab catcher

vessel & IFQs45%

Cascade Mariner, LLC101’ crab/pot blackcodcatcher vessel & IFQs

50%

Dona Martita, LLC50%

Bristol Bay Ice, LLC100%

ASIMCO (inactive)100%

Neahkahnie, LLC110’ o�shore pollock

catcher vessel, AFA rights40%

Arctic Fjord, Inc275’ o�shore pollock surimiand �let trawler, AFA rights

40%

Arctic Wind125’ inshore pollock

catcher vessel, AFA rights,crab IFQs

Alaskan LeaderFisheries, LLC

Management Co.50%

Alaskan LeaderSeafoods, LLC

Sales Co.50%

Alaskan LeaderVessel, LLC

150’ freezer longliner50%

Atech Services, LLCMetal Fabrication

50%

Bering LeaderFisheries, LLC


Distribution DivisionSeattle, Portland, Dallas,

Astoria, Spokane, Helena,Boise, Salt Lake

Harvey SamuelsenScholarship Trust

501 (c) (3)100%

Western Mariner, LLC108’ crab/pot black

cod catcher vessel & IFQs50%

Paci�c Mariner, LLC125’ crab and cod


Crab Quota SharesBBR, BSS, SMB, EBT

and WBT100%

Alaskan Mariner, LLCCrab IFQs

50%

Aleutian Mariner, LLC118’ crab & cod


Bristol Bay Science andResearch Institute

501 (c) (3)100%

Legend (as of 12/31/14)Crab OperationsPollock OperationsLongline Operations(Cod, Halibut, Sable�sh)Salmon & Value-addedOperationsIn-Region OperationsInactive SubsidiariesNon-Pro�t A�liatesChanges in 2014

Bering Defender174’ inshore pollock

catcher vessel, AFA rights

Defender195’ inshore pollock


Bristol LeaderFisheries, LLC


Northern Leader, LLC183’ freezer longliner

50%

Aleutian LeaderFisheries, LLC

50%

Morning Star148’ inshore pollock


Western Venture165’ mackrel and herringcatcher vessel, AFA rights

Ocean BeautySeafoods, LLC

50%

AK/WA DivisionNaknek, Kodiak, Alitak,

Cordova,Excursion Inlet, Petersburg

Specialty (Smoked) Div.Monroe, WA

Changes for 2014Purchased an additional 10% interest in Arctic Fjord, Inc. and Neahkahnie, LLC.

Purchased a relatively small amountof EBT and WBT quota shares.

Aleutian Leader Fisheries sold the F/V Judi B and ceased operations in theAI blackcod �shery.

DMLLC purchased the F/V Western Venture in late 2014, will be converted to BSAI pollock trawl vessel and enter �shery in 2016.

Kodiak LeaderFisheries, LLC

50%

Halibut IFQsSable�sh IFQs

100%

LLG 2112BSAI FLL Cod License

100%


What Keeps Us Afloat

This fleet of vessels serves our entire BBEDC family,ensuring its prosperity now and in the future.

F/V Bering Leader

F/V Bristol Leader

F/V Neahkahnie

F/V Arctic Wind

F/V Aleutian Mariner, Arctic Mariner, Western Mariner

F/V Morning Star

F/V Defender

F/V Arctic Fjord

F/V Nordic Mariner

F/V Northern Leader

F/V Pacific Mariner

F/V Bering Defender

F/V Bristol Mariner

F/V Alaskan Leader

F/V Cascade Mariner



Consolidated Statements of Financial Position


Bristol Bay Economic Development Corporation and SubsidiariesConsolidated Statements of Financial Position - December 31, 2014 and 2013 2014 2013Assets: Current assets: Cash and cash equivalents $21,696,637 $21,297,699 Investments in marketable securities 3,152,774 634,296 Trade receivables 8,232,371 6,812,327 Income taxes receivable – 835 Accrued interest 258,404 220,989 Prepaid expenses and other assets 579,930 172,470

Total current assets 33,920,116 29,138,616

Long-term assets: Investments in marketable securities 85,410,646 86,379,328 Investmentsinunconsolidatedaffiliates 102,491,598 88,792,454 Investmentinindividualfishingquotas 33,174,589 32,874,941 Investmentinfishingrights 17,002,115 17,002,115 Property, plant and equipment, net 2,274,107 2,519,868

Total long-term assets 240,353,055 227,568,706 Total assets $274,273,171 $256,707,322

Liabilities and Net Assets: Current liabilities: Accounts payable and accrued expenses $1,145,069 $764,310 Income taxes payable 245 192,308 Deferred revenue 813,850 1,133,645 Community & business development fund awards 15,411,456 10,925,338 Current portion of notes payable 20,102 19,071

Total current liabilities 17,390,722 13,034,672 Notes payable less current portion 19,500,000 15,000,000

Total liabilities 36,890,722 28,034,672 Net assets 237,382,449 228,672,650

Commitments and contingencies – –

Total liabilities and net assets $274,273,171 $256,707,322

Excerpt of Financial Statements Audited by KPMG, LLP


Consolidated Statements of Activities

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01992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014



Bristol Bay Economic Development Corporation and SubsidiariesConsolidated Statements of Activities - Years Ended December 31, 2014 and 2013

2014 2013Changes in unrestricted net assets: Revenues, gains and losses: Program revenue $15,291,747 $14,698,868 Interest and dividend income 2,656,953 2,267,124 Net realized and unrealized gains on investments 424,577 4,151,989 Loss on disposition of assets (2,334) – IFQ investment income 2,978,521 2,283,916 Fishing rights investment income 1,088,560 63,062 Grant revenue 238,776 193,876 Equity in earnings of unconsolidated affiliates 7,399,135 6,240,799 Other 1,004,077 721,531

Total unrestricted revenues, gains, and losses 31,080,012 30,621,165

Expenses: Program 19,020,637 17,991,472 Finance and administration 3,349,576 4,766,801

Total expenses 22,370,213 22,758,273 Increase in net assets 8,709,799 7,862,892

Net assets at beginning of year 228,672,650 220,809,758

Net assets at end of year $237,382,449 $228,672,650


Bristol Bay Economic Development Corporation and SubsidiariesSchedule of Finance and Administration ExpensesYears Ended December 31, 2014 and 2013

2014 2013

Income tax expense $939,026 $2,440,733Salaries 836,652 799,798Benefitsandpayrolltaxes 358,613 324,049Travel and per diem 240,923 196,372Professional fees 206,463 156,169Audit and accounting fees 169,574 139,782Board fees 127,249 131,002Depreciation and amortization 65,262 59,194Officeexpense 60,596 51,037Bank fees 57,587 63,048Insurance 57,426 40,301Utilities 45,348 47,110Repairs and maintenance 35,168 15,037Advertising 31,695 24,832Communications 29,874 37,528Information systems 27,884 27,087Janitorial 19,344 18,147Legal fees 16,805 16,580Donations and contributions 12,950 8,435Postage 5,048 4,492Staff training 4,357 7,873Dues and subscriptions 3,085 3,581Rent/storage fees 1,320 1,075Board strategic planning — 111,232Miscellaneous 44,944 65,507Administrative overhead (47,617) (23,200)

$3,349,576 $4,766,801

Schedule of Finance and Administration Expenses




Financial History

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Transparency ReportDirector Compensation PolicyBBEDC compensates its Directors who attend board and committee meetings with a meeting fee and travel/per diem. BBEDC Directors receive a flat $500 per day meeting fee. BBEDC Directors are appointed by community resolution for up to a three year term and may be replaced in accordance with BBEDC By-Laws.

Related Party TransactionsBBEDC reports any transactions over the amount of $20,000 with any director or their family members. In 2014, there were two related parties who participated in BBEDC’s Permit Loan Program and received benefits in excess of the $20,000 threshold. Togiak board member Jimmy Coopchiak qualified and received program benefits of $30,032.93. Mindy Heyano, daughter of board member and Treasurer Robert Heyano, qualified and received program benefits of $42,039.12.

Legal Proceedings Involving DirectorsBBEDC reports any pending litigation between itself and any Directors. There is no such litigation for 2014.

Auditor Relationship BBEDC has had no disagreements with their auditor, KPMG, LLP, during the past two years. In addition to audit services, KPMG, LLP also provides tax and tax consulting services to BBEDC.

CommitteesThe BBEDC Board of Directors has the authority to create and dissolve committees and appoint persons to serve on committees. The Finance & Budget Committee is responsible for the budget, financial statement review, and monitoring of the performance of the investment funds. The Finance & Budget Committee met on March 12, June 2, September 10, October 31, and November 12. Current members include: Robert Heyano, Chair; Hattie Albecker; Fred Angasan, Sr.; Gerda Kosbruk and Victor Seybert. The Audit Committee is responsible for the oversight of the annual audit and other issues governing corporate governance, disclosure, and responsibility. The Audit Committee met on September 10. Current members include: Robin Samuelsen, Chair; Mark Angasan; and Betty Gardiner.

Compensation for Board of Directors | 2014 $171,500.00

2014 Professional Fees Legal Fees 45,258.73 Lobbying 118,594.04 Consultants 183,750.83

Total Professional Fees: $ 347,603.60

Accounting Fees $ 166,618.00 Audit 41.4% 68,934.00 Tax Prep 34.3% 57,175.00 Consulting 24.3% 40,509.00

Top 5 Employee Compensation | 2014

Name/TitleNorman Van Vactor, President/CEO 189,952.76Bonus 25,500.00Dillingham, AK 215,452.76 Paul Peyton, Seafood Industry Investment O�cer 157,698.68 Anchorage, AK

Helen Smeaton, Chief Operating O�cer 107,153.61Dillingham, AK

Cli�ord Tubbs, Finance O�cer 89,733.67BBSRI Executive Director 7,999.92Dillingham, AK 97,733.59

Alice Ruby, Economic Developmentand Brokerage Director 94,494.08Dillingham, AK



BBEDC Committee Members

Executive Committee Robin Samuelsen, ChairmanFred T. Angasan, Vice- ChairmanHattie Albecker, SecretaryRobert Heyano, TreasurerVictor SeybertMary Ann JohnsonGerda Kosbrukk

Finance & Budget CommitteeRobert Heyano, ChairVictor SeybertGerda KosbrukFred T. AngasanHattie Albecker

Regional Fisheries CommitteeRobert Heyano, ChairVictor SeybertMark AngasanHattie AlbeckerJimmy Coopchiak

E&T/Education CommitteeMary Ann Johnson, ChairFritz SharpLouie AlakayakMargie AloysiusKenneth Jensen

Policy CommitteeFred T. Angasan, ChairMark AngasanFritz SharpMargie AloysiusBetty Gardiner

Bristol Bay Science and Research InstituteExecutive Committee

Audit CommitteeRobin Samuelsen, ChairMark AngasanBetty Gardiner

Harvey Samuelsen Scholarship TrusteesMary Ann Johnson, PresidentFritz Sharp, Vice- PresidentKenneth Jensen, SecretaryGerda Kosbruk, TreasurerPaul Hansen

Permit & Vessel Loan CommitteeRobert Heyano, ChairHattie AlbeckerRichard AltoLouie AlakayakAlexander Tallekpalek

Bristol Bay Ice, LLCRobin Samuelsen, ChairRobert HeyanoHattie AlbeckerMark Angasan


Summer Employment

Page 36

“Providing Opportunities... Accept the Challenge” “Providing Opportunities - Accept the Challenge”

Massa Pat, Economic Dev. /Brokerage [email protected]

Bernina Venua, Economic Dev./Brokerage Coordinator [email protected]

Pearl Strub, Education, E/T [email protected]

Charlene Lopez, Education, E/T [email protected]

Gary Cline, Regional Fisheries Director [email protected]

Meg Schroeder, Accounting [email protected]

Marilyn Wilson, Accounting Technician [email protected]

Laticia Powers, Administrative Assistant [email protected]

Norman Van Vactor, President/[email protected]

Helen Smeaton, Chief Operating O�[email protected]

Paul Peyton, Seafood Investment O�[email protected]

Staci Fieser, Chief Financial O�[email protected]

Keggie Tubbs, Finance O�[email protected]

Chris Napoli, Chief Administrative O�[email protected]

Anne Vanderhoeven, Fisheries Quota [email protected]

Alice Ruby, Economic Dev./Brokerage [email protected]

BBEDC Staff MembersBBEDC Board Members

Name Title CommunityH. Robin Samuelsen, Jr. Chairman DillinghamFred T. Angasan, Sr. Vice Chairman South NaknekRobert Heyano Director/Treasurer EkukHattie Albecker Director/Secretary UgashikMark Angasan Director King SalmonMargie Aloysius Director AleknagikRichard Alto Director EgegikKenneth Jensen Director EkwokAlexander Tallekpalek Director LevelockLouie Alakayak Director ManokotakGerda Kosbruk Director Port HeidenMary Ann K. Johnson Director Portage CreekJimmy Coopchiak Director TogiakFritz Sharp Director Twin HillsBetty Gardiner Director Clarks PointPaul Hansen, Sr. Director NaknekVictor Seybert Director Pilot Point

November 2014 November 2014

Bristol BayEconomic Development Corporation

P. O. Box 1464 Dillingham, AK 99576 | www.bbedc.com

2014 Annual Report“Providing Opportunities, Accept the Challenge”

BBEDCP. O. Box 1464Dillingham, AK 99567

PRSRT STDUS Postage

PAIDAnchorage, AK

Permit #69

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Economic Development Corporation - BBEDC€¦ · “It is the purpose of the Bristol Bay Economic Development Corporation to promote economic growth and opportunities for residents