Coastal Villages Region Fund's asset
Coastal Villages Region Fund

@coastalvillages.org

Develop thriving local economies in western Alaska that create opportunities for current and future generations

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About

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Coastal Villages Region Fund (CVRF) is a global company dedicated to stimulating the local economy and creating opportunities for the development of their communities. Their mission is to provide sensible, tangible, and long-term opportunities that generate hope for people who want to fish and work. With a strong and proud presence, Coastal Villages offers a range of products and services to meet the needs of their residents.


CVRF serves over 9,300 people across 20 communities, covering an expansive 300,000 square miles of rugged Alaskan coastline. They strive to provide infrastructure and benefits that cater to the diverse cultural practices, linguistic variations, and geographic conditions of their residents. The dedicated staff members, both in the communities and corporate offices, work tirelessly to achieve the goal of creating opportunities for individuals to achieve and maintain financial security.


A crucial component of CVRF's success lies within their governing board, comprised of local residents who steer the vision, mission, values, and policies of the organization. This ensures that the decisions made by CVRF are in the best interests of the company and the Coastal Villages region. Through their Community Development Quota (CDQ) Program, CVRF reinvests earnings from the Bering Sea fisheries into Bering Sea vessels and quota, resulting in job creation, programs, and other opportunities that promote economic independence for their member communities.


To participate in CVRF's programs, residency in one of the 20 member villages is required, ensuring that the benefits stay within the communities. CVRF believes in governance with a local perspective and values the voice of the people. Their Board of Directors plays a critical role in governing the organization, making policy decisions, and setting organizational goals that prioritize both the growth of commercial fishing and the sustainable development of CVRF communities.


To learn more about CVRF's initiatives, programs, and accomplishments, you can explore their annual reports and stay updated with their latest news through the newsroom section on their website

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Company Type

Nonprofit

Company Size

201-500

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