Fisheries trust celebrates first million pound fishing season

Supporters and fishermen to be honored at reception September 2nd

The Cape Cod Fisheries Trust will commemorate its first full year of operations next week byhonoring all those who have supported the program with special gifts.

Areception will take place September 2, 2010, at 5 p.m., at Fisherman'sDaughter in Chatham. Each donor, fisherman and volunteer will receive atoken of appreciation from the Trust, designed and crafted by localbusinesses Fisherman's Daughter, Vervaine Design Studio and SeaCheryl Designs.

"Withoutall of our contributors and participants, this fleet would bestruggling," said Trust Founder and Director Paul Parker. "We wanted todo something to really let our supporters know how much theirinvolvement with the Trust means."

Over the past year, the Trustdirectly aided 108 fishing boat captains and crew members. Over $3million has been raised to help the Lower Cape's small-boat commercialfleet.

One million pounds of groundfish and scallop quota hasalready been distributed through the Trust, a model for similarprograms that have sprung up across the country since its founding in2005.

A dozen foundations have provided grants and loans and morethan 50 individual donors have generously stepped up to allow the Trustto buy groundfish and scallop quota and lease it back to qualifyingfishermen at affordable rates. The fishermen, in turn, are usingsustainable business models to make sure that the investment isworthwhile.

"Our permit bank is helping these fishermen keeptheir homes, feed their families and do what they need to do tocontinue to operate," Parker said. "We're well on our way to reachingour goal of raising $10 million to make this program fully operational."

Courtesy of the Cape Cod Fisheries Trust.

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