Cape Ann Seafood Exchange is the lone Gloucester-based applicant that NOAA is recommending to receive funds under the long-awaited 2013 Saltonstall Kennedy Grant dispersal.
The Rogers Street business, which primarily operates as one of the city's two seafood auctions, is set to receive $391,670, pending final cost analysis and legal review by NOAA's grants management office, for its project to help build a sustainable redfish fishery and market the under-utilized species to consumers.
NOAA said it anticipates the recommended applicants will receive the grants within 30 to 60 days.
"The goal of the project is to build a sustainable, fully utilized fishery for Gulf of Maine-harvested redfish," NOAA said in its description of Cape Ann Seafood's application. "Efforts undertaken to realize the full market potential of this under-utilized species include creating the capacity to process and market whole redfish fresh and frozen fillets that are competitively priced for new domestic and international markets."