Catch share programs have been criticized for a variety of social impacts. These criticisms can be traced back to the manner in which certain catch share programs were designed; market-based approaches that transfer individual quota to where it is needed and most wanted. Markets tend to allocate resources to the place of highest value and this tendency is the underpinning reason for some of the social impacts that catch shares are criticized for causing. In response to these market-driven dynamics, we proposed the establishment of a new type of entity along the U.S. west coast that would be given certain market advantages if this entity was set up in a way that aimed to achieve specific social objectives. We proposed that these entities, which we called Community Fishing Associations (CFAs), would be allowed to hold quota in excess of quota accumulation limits, thus gaining certain advantages of scale. In order to receive these advantages, we envisioned a co-management relationship where these CFAs would be established to address certain social objectives for their local community, would be required to contain certain institutional factors to prevent abuse, and would be required to publicly report on activities. Along the U.S. west coast several of these entities have formed in spite of the lack of any formal policy guiding their establishment. The impact these entities are having on their local communities is mixed. To date, each entity has prioritized slightly different goals and they have used different approaches for goal attainment.