BBEDC

What BBEDC does

Bristol Bay Economic Development Corporation (BBEDC) is a non-profit economic development corporation headquartered in Dillingham, Alaska, established in 1992 under the federal Western Alaska Community Development Quota (CDQ) program. It is one of six CDQ organizations in Alaska holding exclusive quota allocations in Bering Sea fisheries, and it serves 17 member communities in the Bristol Bay region — including Aleknagik, Dillingham, Naknek, Togiak, and others — encompassing approximately 6,000 year-round residents. The corporation's mission is to promote economic growth and opportunities for watershed residents through sustainable use of Bering Sea resources.

BBEDC operates a portfolio of more than 25 community and economic development programs organized into four categories: Fisheries Programs (including the Permit Loan Program, Vessel Acquisition Program, RSW Support and Purchase Programs, 4E Halibut Program, Interest Rate Assistance, Pre-Season Advance, Emergency Transfer Grant, and Permit Brokerage); Education, Employment & Training (College Development Fund, Harvey Samuelsen Scholarship Trust, Student Loan Forgiveness, Vocational Programs, Internships, and Seasonal Employment Opportunities); Community Programs (Community Block Grants, Grant Writing Assistance, Infrastructure Grant Fund, Arctic Tern Program for marine transportation, Fisheries Research/BBSRI, and Community Technical Assistance); and Individual Assistance (Personal Finance Education, Tax Preparation Program, and Resident Technical Assistance). Programs are delivered through BBEDC's headquarters and a network of Community Liaisons stationed across the 17 member communities.

The corporation's revenue model is based on royalty payments and investment returns from its Bering Sea groundfish CDQ quota allocations, supplemented by repayments and interest from its fisheries lending programs. The organization employs 11-50 staff and is governed by a board of directors representing its member communities. There is no disclosed parent company, no external funding rounds, and no M&A activity identified; the organization is structured as a stand-alone non-profit corporation under Alaska law.

Name

BBEDC

Legal name

Bristol Bay Economic Development Corporation

Website

https://bbedc.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Bristol Bay Economic Development Corporation is a non-profit Community Development Quota organization serving 17 member communities and approximately 6,000 year-round residents in Alaska's Bristol Bay region, delivering fisheries, education, community, and individual assistance programs funded by Bering Sea groundfish quota royalties.

Ownership category

akta.pro rank

Product category

Community Economic Development

NAICS

Fishing, Hunting and Trapping (114), Aquaculture (1125), Shellfish Fishing (114112)

SIC

Fishing, Hunting And Trapping (900)

akta.pro primary industry

Seafood & Aquaculture Certification Services (MSC/ASC/BAP) (AFALAMAL)

akta.pro secondary industries

Conservation Planning, Mitigation Banking & Offset Strategy (EUAHAHAL), Community Choice Aggregation (CCA) / Municipal Aggregation Retail Supply (EUAGABAF)

Keywords

• Community development quota
• Fisheries economic development
• Commercial fishing permits
• Community block grants
• Vocational education training

Headquarters

HQ city

Dillingham

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. CDQ Program Revenue: BBEDC generates revenue through investments in the Bering Sea ground fishing industry and royalty payments from Community Development Quota (CDQ) quota allocations. The CDQ program, established in 1992, provides CDQ organizations with quotas in Bering Sea fisheries that generate revenue for regional economic development.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

BBEDC (Bristol Bay Economic Development Corporation) is a non-profit Community Development Quota (CDQ) organization that delivers economic development programs to 17 member communities in the Bristol Bay region of Alaska. It channels royalty revenue from Bering Sea ground-fishing quota allocations into fisheries support (permit loans, vessel acquisition/upgrade, equipment grants), education and employment programs (scholarships, vocational training, internships, seasonal employment), community development (block grants, infrastructure funding, grant-writing assistance), and individual assistance (tax preparation, personal finance education, resident technical assistance).

Product overview

BBEDC (Bristol Bay Economic Development Corporation) is a non-profit economic development organization serving 17 CDQ (Community Development Quota) communities in the Bristol Bay region of Alaska. Rather than a technology platform, BBEDC operates a portfolio of community and economic development programs organized into four main categories: Fisheries Programs (including the 4E Halibut Program, Permit Loan Program, Vessel Acquisition Program, RSW Support/Purchase Programs, Interest Rate Assistance, Pre-Season Advance, Emergency Transfer Grant, Quality Improvement Products, Shore Fishery Lease Grant, and Permit Brokerage), Education/Employment & Training Programs (College Development Fund, Harvey Samuelsen Scholarship Trust, Student Loan Forgiveness, Vocational Programs, Internships, and Seasonal Employment Opportunities), Community Programs (Community Block Grants, Grant Writing Assistance, Infrastructure Grant Fund, Arctic Tern Program, and Community Technical Assistance), and Individual Assistance (Personal Finance Education, Tax Preparation Program, and Resident Technical Assistance). The CDQ Program serves as the foundational initiative, generating revenues from Bering Sea ground fishing investments that fund all other programs for approximately 6,000 year-round residents.

Differentiator

Problem solved

Functional benefit

Products and services

• CDQ Program Foundational Community Development Quota program providing economic benefits to 17 member communities through Bering Sea ground fishing industry investments and quota royalties; serves as the revenue engine funding all other BBEDC programs.
• Permit Loan Program Subsidized loan program that helps watershed residents save tens of thousands of dollars on commercial fishing permit costs; for eligible residents of BBEDC CDQ communities.
• 4E Halibut Program Commercial fishing permit program allowing watershed residents to access halibut fishing opportunities in the Bering Sea.
• Vessel Acquisition Program Program assisting fishermen in acquiring fishing vessels to participate in commercial fisheries.
• Vessel Upgrade Grant Grant funding to help fishermen upgrade their existing fishing vessels for improved safety and efficiency.
• RSW Support Program Program supporting the purchase and use of Refrigerated Sea Water systems to improve catch quality.
• RSW Purchase Program Financial assistance for acquiring new Refrigerated Sea Water equipment for fishing vessels.
• Interest Rate Assistance Program providing subsidized interest rates on loans for fishery-related expenses.
• Pre-Season Advance Program Financial advances provided before fishing season to help fishermen prepare and purchase necessary supplies.
• Emergency Transfer Grant Emergency financial assistance for fishermen facing unexpected circumstances affecting their ability to fish.
• Quality Improvement Products Program providing equipment and supplies to improve the quality of caught fish during processing and storage.
• Shore Fishery Lease Grant Grant program supporting access to shore-based fishery operations and infrastructure.
• Permit Brokerage Service assisting residents in buying and selling commercial fishing permits.
• Bristol Bay Ice Program providing ice supplies for fishermen to preserve catch quality during fishing operations.
• Fisheries Habitat Protection Grant Grant program supporting conservation efforts to protect fisheries habitat in Bristol Bay.
• Fisheries Research (BBSRI) Fisheries research program supporting scientific research on Bristol Bay salmon and related fisheries resources.
• College Development Fund Scholarship and financial assistance program for students from CDQ communities pursuing higher education.
• Harvey Samuelsen Scholarship Trust Scholarship program supporting full-time students from Bristol Bay CDQ communities pursuing degrees at accredited colleges or universities.
• Student Loan Forgiveness Program Program helping eligible residents manage and reduce student loan debt.
• Vocational Programs Training and education programs for vocational and technical skill development.
• Internships Work experience programs including in-region internships and youth internships for community members.
• Seasonal Employment Opportunities Program connecting employers with seasonal workers and reimbursing certain employment costs for approved positions.
• Community Block Grants Block grant funding for community development projects in CDQ communities, including fuel and electric assistance.
• Grant Writing Assistance Technical assistance helping communities and individuals prepare and submit grant applications.
• Infrastructure Grant Fund Grant funding for community infrastructure development projects.
• Arctic Tern Program Program supporting marine transportation and shipping needs for Bristol Bay communities.
• Community Technical Assistance Technical support services for community planning, development, and capacity building.
• Personal Finance Education Educational programs helping residents develop financial literacy and money management skills.
• Tax Preparation Program Program funding free or subsidized tax preparation services for residents of CDQ communities.
• Resident Technical Assistance Individual technical assistance for residents on various economic development opportunities.
• Bering Sea Employment Employment program connecting CDQ community residents with Bering Sea fishing industry jobs.

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Coastal Villages Region Fund (CVRF): One of the six federally designated Western Alaska CDQ organizations, serving 20 member communities along the Bering Sea coast. Operates with the same CDQ royalty revenue model and similar fisheries, education, and community development programs as BBEDC.
• Norton Sound Economic Development Corporation (NSEDC): CDQ organization representing 15 member communities in the Norton Sound region of Western Alaska. Shares the same CDQ royalty funding structure, fisheries investment focus, and community development mandate as BBEDC.
• Yukon Delta Fisheries Development Association (YDFDA): One of the six CDQ groups serving communities in the Yukon Delta region. Comparable to BBEDC in operating model — earning Bering Sea groundfish quota royalties and reinvesting in fisheries, education, and community programs.
• Aleutian Pribilof Island Community Development Association (APICDA): CDQ organization for communities in the Aleutian Islands and Pribilof Islands. Operates under the same federal CDQ framework as BBEDC, with comparable portfolio of community, education, and fisheries programs funded by quota royalties.
• Central Bering Sea Fishermen's Association (CBSFA): One of the six CDQ groups, serving communities around St. Paul and St. George in the Pribilof Islands. Same CDQ funding mechanism and program structure as BBEDC, making it a close operational peer.

Broad incumbents

• Bristol Bay Native Association (BBNA): Regional Native nonprofit serving Bristol Bay communities with social services, education, and community development programs. Operates in the same geographic footprint as BBEDC with overlapping tribal/community development mandate but distinct funding sources.
• Alaska Community Foundation: Statewide community foundation supporting economic and community development across Alaska, including rural regions like Bristol Bay. Comparable in mission orientation toward community capacity building but operates at broader geographic and funding scale.
• Rasmuson Foundation: One of the largest Alaska-based philanthropic foundations, providing grants to nonprofits including those serving rural and Native communities. Comparable to BBEDC in its community development orientation, though structured as a grantmaker rather than a CDQ program operator.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/bristol-bay-economic-development-corp.

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BBEDC