The only program of its kind in the Gulf of Mexico

 The Quota Bank leases red snapper allocation to the following two groups of fishermen:

1. Eligible grouper fishermen that need red snapper allocation to cover some of their discards.
2. Eligible “next generation” red snapper fishermen that are entering the fishery.

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:

1. reducing red snapper discards,
2. making fishing businesses more profitable,
3. supporting the next generation of fishermen, and
4. getting more fishermen involved in solving their management and regulatory problems.

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:

• December 16, 2020 for Quarter 1 (January – March)
• March 1 for Quarter 2 (April – June)
• June 1 for Quarter 3 (July – September)
• September 1 for Quarter 4 (October – December)

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.

View meetings that you can attend as a Quota Bank Member.