This discussion paper outlines five areas of recommendation for decision-makers to consider while setting goals and objectives related to fleet diversity and excessive consolidation. The four areas include: 1) Allow for quota set‐asides that invest in fishing communities and allow affordable access for new entrants. 2) Foster an affordable fishery through leasing policies and costs that do not disproportionately impact portions of the fleet. 3) Create owner-operator incentives. 4)  Limit the concentration of quota. 5) Work toward longer-term changes in a management approach that will facilitate a more incentive-based strategy for maintaining fleet diversity, including spatial management and market considerations.