August 04, 2020

$2.3 million fund to aid fishermen

The state has established revolving loan funds totaling more than $2.3 million to help the Maine fishing industry, two economic development organizations announced.

Eastern Maine Development Corp. in Bangor and Coastal Enterprises Inc. of Wiscasset will administer the funds on behalf of the state Department of Marine Resources.

The funds, announced Wednesday, will allow fishermen, fisheries, marine-related businesses, conversion projects and alternative marine ventures to receive small loans and other forms of financing, ranging from $5,000 to $150,000.

For more information, contact CEI’s Jane Towne in Portland at 207-772-5356 or the EMDC at 207-942-6389.

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