Written by Jen Finn
During a visit to Eureka Tuesday, Congressman Jared Huffman announced plans to introduce legislation aimed at alleviating the financial hardship of a federal loan that has been weighing on Pacific Coast groundfish fishermen for just under a decade.
Huffman's "Revitalizing the Economy of Fisheries in the Pacific Act" picks up where a bipartisan bill introduced in Sept. 2012 by former North Coast Congressmen Mike Thompson left off and would allow for the refinancing of a $35.7 million buyback loan authorized by Congress in 2003.
The opportunity to refinance the loan at a lower interest rate would give local groundfish fishermen the same opportunities as any homeowner or business, Huffman said during a news conference to announce the bill held outside the Humboldt Bay Aquatic Center Tuesday afternoon. The bipartisan bill would not require the federal government to spend any new money.
"It is becoming increasingly difficult for them (fishermen) -- especially small businesses -- to repay that debt, plus new fees -- higher fuel costs, higher health care costs -- and to remain in business," he said. "Like any of us, they would like to refinance. They would like to take advantage of these historically low interest rates that we have today, but they need an act of Congress to do that."
Read the full story at Willits News>>
National Fisherman Live: 3/10/15
In this episode, Online Editor Leslie Taylor talks with Mike McLouglin, vice president of Dunlop Industrial and Protective Footwear.
National Fisherman Live: 2/24/15
In this episode:
March date set for disaster aid dispersal
Oregon LNG project could disrupt fishing
NOAA tweaks gear marking requirement
N.C. launches first commercial/recreational dock
Spiny lobster traps limits not well received
Alaska Gov. Bill Walker is required by state statute to appoint someone to the Board of Fisheries by today, Tuesday, May 19. However, his efforts to fill the seat have gone unfulfilled since he took office in January. The seven-member board serves as an in-state fishery management council for fisheries in state waters.
The resignation of Walker’s director of Boards and Commissions, Karen Gillis, fanned the flames of controversy late last week.
Keith Decker, president and COO of High Liner Foods, will take over for the outgoing CEO, Harry Demone, who will assume the role as chairman of the board of directors. The Lunenburg, Nova Scotia-based seafood supplier boasts sales in excess of $310 million (American) for the first quarter of the year.Read more...