PORTLAND, Maine (AP) — Federal marine regulators are making $450,000 available to try to foster more seafood farming on the East Coast.
The National Oceanic and Atmospheric Administration says it’s providing $450,000 to expand aquaculture operations and production off the eastern states. The agency says it wants to offset the U.S.’s $14 billion seafood trade deficit.
NOAA saying it’s looking to fund pilot projects for fish, shellfish, seaweed and other facets of the domestic aquaculture industry that it considers “newcomers.” It also wants to help develop environmentally sustainable ocean farming.
The money will be distributed through the Atlantic States Marine Fisheries Commission. NOAA also is making money available for aquaculture projects in the Gulf of Mexico and Pacific.
Most Read Business Stories
- Boeing indefinitely extends production shutdown at Washington state plants due to coronavirus
- Coronavirus crisis creates new tensions between employers and workers
- Once restarted, post-coronavirus economy might enter unprecedented rough seas
- What you need to do to get your government stimulus check; update for Social Security beneficiaries
- Boeing weighs widebody jet cuts, plans buyouts on ‘new reality’