The storm caused an estimated $58 million of damage to New York’s recreational fishing sector and $19 million to its commercial fishing sector.
Under the program, eligible businesses will be able to apply for grants of as much as $50,000 to cover uncompensated losses.
“The New York recreational fishing industry was hit hard by Sandy, and we have a long road to recovery ahead,” Regal Marine Products vice president Melissa Dearborn said in a statement. “Some are rebuilding from the ground up, many are struggling to get through difficult financial times, but all are resilient and determined to rebuild New York’s fishing communities. As the weather warms and the headlines fade, those not in the trenches may forget how much work is still to be done. It is so encouraging to know that Gov. Cuomo and his staff have not forgotten us and are still working hard to get the financial assistance the recreational fishing industry so desperately needs. These grants are a first step toward that goal.”
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