The Gulf of Mexico Reef Fish Shareholders’ Alliance launched the first Quota Bank in the Gulf of Mexico in 2015 to reduce red snapper discards in the eastern Gulf and to support the next generation of commercial red snapper fishermen. 2021 will mark our seventh year of operation.
The Quota Bank leases red snapper allocation to the following two groups of fishermen:
In exchange for leasing this allocation, Members agree to hold themselves to a high standard of accountability and participate in program requirements including electronic reporting, Best Business Practices, participation in regulatory meetings, and joining the Shareholders’ Alliance.
The Quota Bank is the only program of its kind in the Gulf of Mexico that is generating benefits for your fishery by:
Applications will be accepted on a quarterly basis and processed four times per year. Applications may be submitted at any time prior to the quarterly deadlines identified below:
The Shareholders' Alliance Board will review applications as soon as practicable after each quarterly deadline. Applications will be evaluated based on compliance with eligibility criteria, commitment to best practices, prioritization of gear and meeting attendance, allocation availability, and historical compliance with Quota Bank requirements (if applicable).
Please see the Frequently Asked Questions document below for answers to some of the more commonly-asked questions. This document will be updated regularly.
Ensure you have read all the materials, including eligibility criteria, before submitting your application.
For more information on the Quota Bank, check out these documents.
2021 Quota Bank Info (pdf)Download
Frequently Asked Questions (pdf)Download
Quota Bank Announcement to the Gulf of Mexico Fishery Management Council (pdf)Download
Handbook of Quota Banks Around the Country (pdf)Download
Press release celebrating 2017 Gulf Guardian Award (pdf)Download
Reef Fish Quota Bank Annual Meeting Summary (November 19, 2019) (pdf)Download
Presentation to Gulf of Mexico Fishery Management Council (June 2019) (pdf)Download
Gulf of Mexico Reef Fish Shareholders' Alliance
1902 Wharf Road Galveston, TX 77550 US
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Promoting Gulf of Mexico sustainable fisheries