The Economic Development Administration of the Department of Commerce awarded a $10.3 million Project Grant to the Southeast Conference through the Economic Adjustment Assistance program (CFDA 11.307) on September 2, 2022 to support the Alaska Mariculture Cluster. The grant will fund projects to catalyze a sustainable mariculture industry in Alaska through 2026 by capitalizing a revolving loan fund to facilitate business expansion, developing mariculture-focused workforce training programs, and providing research funding to grow innovative seaweed and shellfish products. Spruce Root, Inc. will receive sub-award funding to support the revolving loan fund and processing of associated loans. The investment aims to strengthen regional industry clusters in Alaska by embracing economic equity, creating good-paying jobs, and enhancing U.S. competitiveness globally in the mariculture sector.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $9.3m | 9/8/22 |
Grant Number | Description | Subgrantee | Prime Award | Dollars Obligated (Click to sort descending) | Updated At (Click to sort ascending) |
|---|---|---|---|---|---|
AMC009S | Spruce Root, Inc. | Project Grant 077907888 | $1.9m | 10/18/24 | |
AMC006S | Kenai Peninsula Economic Development District Inc. | Project Grant 077907888 | $28.8k | 9/30/24 |