CVRF Issues $500,000 in Matching Funds to Help Residents Purchase Critical Village Equipment during PFD Season
ANCHORAGE, AK – Coastal Villages Region Fund (CVRF) has completed its fourth round of the People Propel® program. The program has made it possible for hundreds of residents in western Alaska to purchase new outboard motors, boats, snow machines, all-terrain vehicles, fishing nets, and commercial fishing permits since its launch in 2013.
CVRF’s fourth round of the People Propel® program was approved by the Board in time for the permanent fund dividend season. This opened up the opportunity for residents to use their dividends for their purchases. This specific round was open only to residents that had not participated in the People Propel® program in the past.
“The challenge for many of our residents is being able to afford critical equipment on top of being able to pay for the shipping costs,” said CVRF Board Member and Quinhagak resident, Darren Cleveland. “The People Propel® program is setting a standard when it comes to meeting the CVRF mission by providing a hand up to Alaskans who are struggling to make it in our region. If a resident is willing and able to make the initial investment, then CVRF is happy to help them close the gap. This is one of the many ways we seek to support community development and generate hope in our villages.”
“Thanks to this program, our new Toyo stove will keep my elderly mother warm,” said Mrs. Helen Friend, resident of Kwigillingok. “I won’t need to worry about emergency repairs to our old stove in the middle of winter.”
“I am so grateful for my new boat and motor! I couldn’t do it without CVRF’s help,” says Stephanie John of Kongiganak. “Our CDQ group makes a big difference in our region. Quyana CVRF.”
“The People Propel® program helped me buy a snow machine!” says Carolyn George of Newtok. “My family and I will be able to gather and hunt food during the winter and spring. Also we will be able to gather wood to keep us warm and take steam baths. Quyana cakneq, you are a big help. We appreciate the company and the people that work for CVRF!”
“Thanks for saving me a lot of money on my outboard motor,” says Jackie Petluska, resident of
Eek, “and thanks for helping our communities with programs like People Propel®!
“CVRF has helped our communities so much,” says Danielle Paul of Kipnuk, “The support provided to the region through their programs is immeasurable. Thank you for helping with my purchase!”
Participation in the People Propel® program is reserved for verified residents of CVRF’s 20 member communities. Participants must have the ability to cover 60% of the total cost to qualify, either through cash or third party financing. For this round of People Propel®, CVRF contributed $500,000 toward the program, providing village residents with a 40% match on the purchase of critical supplies and equipment.
This is the second installment of the program this year, and since 2013, nearly one thousand village residents have participated, totaling over $4 million in benefits provided by CVRF.
“It’s a great feeling to be able to deliver this program to the Coastal residents,” said Bob Marquez, CVRF’s Products/Services Manager. “I know that my team is doing something phenomenal for the region by providing a basic necessity at an economical cost. The other side of the spectrum is the local businesses and participating vendors that we are also helping through the program.”
CVRF is a 501(c)(4) Alaska non-profit corporation whose 20 member villages are along the west coast of Alaska from Scammon Bay to Platinum. CVRF is believed to be the largest Alaskan-owned seafood company in history and is governed by a 20-member Board of Directors elected by the residents of its 20 member communities. CVRF is dedicated to providing economic development in its 20 member communities by creating sensible, tangible and long-term opportunities that generate Hope for residents who want to Fish and Work. CVRF is the largest jobs provider in its member villages and is the first CDQ group to own and control the vessels that harvest its CDQ allocations.
For more information, visit www.coastalvillages.org or contact Leila Smith at 907-278-5151. Please visit CVRF's Facebook page at www.facebook.com/CoastaiVillagesRegionFund and Coastal's Twitter page at www.twitter.com/CoastaiVillages.