Though CFSI advocated a different formula, we are pleased to advise you that the Cares Act funds have been reconciled and each CFSI member that met the criteria that their business was negatively affected by Covid-19 by 35% or more will begin receiving checks next week.
Because some in the industry did not submit a claim for funds, the pool of qualified claimants was reduced increasing the amount of funds over the originally announce level in the amount of the fees your company paid to the California Department of Fish and Wildlife in 2020.
CFSI members (and others in the industry including party boats, some saltwater guides, salt water aquaculture and commercial fishermen) that completed the application for funds and that qualified for relief will see checks in the amount of $7,344.30 based on a formula adopted by the Department.