The National Oceanic and Atmospheric Administration (NOAA) awarded a $4,000,000 Project Grant under the Congressionally Identified Awards and Projects program (CFDA 11.469) to the Alaska Fisheries Development Foundation, Inc. (AFDF) to help the Bristol Bay red king crab (BBRKC) population rebound and support the associated fishing industry. The project aims to raise king crab larvae in a hatchery from wild broodstock and release juvenile crab to increase the likelihood of species survival in the wild. This effort aims to address the critical lack of recruitment that has resulted in closures of the commercially valuable BBRKC fishery, valued at approximately $60 million ex-vessel and $120 million first wholesale annually. The award period is from Feb 1, 2025 to Jan 31, 2028.
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