Bristol bay EDC/Wells Fargo reach agreement.

• Position: Fisheries - Bristol Bay Economic Development Corp. gets funding from Wells Fargo Bank Alaska - Brief Article

Bristol Bay Economic Development Corp. received a $20 million loan from Wells Fargo Bank Alaska to expand its interest in Bering Sea fisheries. Officials said the loan will assist BBEDC in advancing the economic and community development of the 17 communities it represents, from Togiak in the north to Port Heiden in the south, including Dillingham, Naknek and King Salmon.

"This loan will provide BBEDC with the mechanism to expand existing fisheries in the Bering Sea," said Robin Samuelsen, the corporation's CEO. "We hope to increase the number of meaningful jobs in the communities we serve and increase the...