Monday, November 27, 2006

Projects or Corporate Expansion?

Hello Fishies!

I hope that you and yours enjoyed a blessed Thanksgiving. We certainly did! And look below, there are still turkeys out there!

APICDA owns one umbrella profit-making subsidiary, APICDA Joint Ventures, Inc. (AJV). AJV, in turn, has invested in several subsidiary companies. APICDA has formed, and may continue to form, for-profit subsidiary corporations to serve as the profit-making investment arms of the organization.

APICDA is proposing to move forward with a number of projects during the 2006-2008 CDP cycle. These projects will generate new capital and equity, and will expand and help stabilize the local economies in each of our member communities.

The following infrastructure projects are proposed in this CDP:

  • Secure Funding for Construction of a Boat Harbor in Atka
  • Widen Face of Atka City Dock
  • Nikolski Mooring System
  • Complete Nikolski Airport Improvements
  • Akutan Harbor
  • Support Construction of Central Bering Sea Research Facility in St. George
  • Complete False Pass Airport Improvements
  • Mark the Nelson Lagoon Ship Channel with Private Aids to Navigation
  • Develop Akutan Support Services and Businesses
  • Akutan Halibut Quota Share Purchase Program
  • Construct New and Larger Atka Pride Seafoods Plant
  • Develop Fuel Supply Business, Ship Support Businesses, and Other Uplands
  • Development in Atka
  • Operate Shoreside Processing Facility in St. George
  • Construct Shoreside Processing Facility in Nelson Lagoon
  • Develop Nelson Lagoon Store and Ship Supply
  • Operate Bering Pacific Seafoods
  • Develop False Pass Store, Fuel Farm, and Ship Supply
  • Product Diversification Program
  • Freight/Logistics/Passenger Ships
  • APICDA Vessels, Inc.
  • Expand Small Boat Fleet
  • Ugludax Lodge, L.L.C.
  • Purchase Crab Harvesting and Processing Shares
  • Pursue Investments in Shoreside Support Companies
  • Develop a Private Label and Marketing Program
  • Explore Power Generation Joint Venture

There is NO reason, in my opinion, for these CDQ’s to be engaged in any of the above named enterprises. Remember, this is government sanctioned. It has become a very big, very powerful entity. You may have heard, or been engaged in conversations regarding “big business”. How the large gobbles up the small, ending up with a total control of the industry.

Well, there you are.

Stay tuned.

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