NOAA provides $10m to support New England groundfish fishery

Industry Database

NOAA has announced an additional $10 million to preserve fishing opportunities for the New England fishing industry and continue the development of a new sector program in the groundfish fishery.

Over the last two years, a total of $47.2 million has been committed to the groundfish fishery and the transition to sectors.

Of the $10 million that was provided by Congress, $5 million will go directly to the commonwealth of Massachusetts and the states Rhode Island, New Hampshire, and Maine to set up permit banks. A permit bank is a collection of fishing permits purchased and held by an organisation to provide access rights such as days-at-sea and annual catch shares for qualifying fishing vessels.

“By working together with the states, we hope to provide the small fishing vessels and small, local communities with increased access to capital, so they can more effectively fish healthy stocks,” said Eric Schwaab, NOAA assistant administrator for NOAA’s Fisheries Service.

Permit banks are expected to provide owners of fishing vessels with limited or no groundfish fishing history an opportunity to lease additional fishing days or allocation at a reasonable cost. This will make it much more economically viable for small fishing vessels and local communities to remain a vital part of New England fisheries.

Latest Jobs

Dee Estuary Officer (Shellfish Officer)

Natural Resources Wales has responsibilities for a number of issues within the 13,680ha Dee estuary,... Read more

PRODUCTION DIRECTOR— FISH FARMS IN AFRICA

African Century Foods is a fully integrated tilapia producer with its own broodstock, hatchery, grow... Read more

Media Sales Executive

We are looking for an experienced Sales Executive to join our award winning B2B media company. Merc... Read more

Fishery Technical Officer - 7601

We are seeking four experienced technical fisheries officers to join our busy fisheries, biodiversit... Read more

Assistant Hatchery Manager

Marine Harvest is one of the largest seafood companies in the world, and the world’s largest produce... Read more

Events Sales Executive - Conferences

We are looking for an experienced & talented Sales Executive to join our award winning B2B media com... Read more

View all jobs