As numerous Gloucester fishing vessels rest at the dock, with fishermen unable to cut a profit, NOAA announced Thursday a plan not to directly bail out fishermen but to fund projects that the agency expects to eventually rebuild the industry.
The $5 to $10 million in potential funds for the current fiscal year would allow the National Oceanic and Atmospheric Administration to dole out awards that would mostly range between $30,000 and $250,000 for fishing-related projects.
City officials and U.S. Sen. Elizabeth Warren are applauding the funding plan.
"I'm pleased NOAA is making this grant solicitation, which is an excellent chance for our ports to secure funding that will help the fishing industry innovate and modernize for the future," Warren said in a prepared statement.
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