The U.S. Commercial seaweed market is one of the country's most promising emerging industries, forecasted to grow 7% from 2022 to 2029

Ended Project Grant Awarded Last action

Award ID
NA23NMF4270253
Recipient
Awarding agency
Obligated
$305,446

Award facts

Assistance listing
11.427 Saltonstall Kennedy Program
Completion date
Originally
Place of performance
East Haven, CT 06513, USA

Award details come from USAspending.gov.

Description

As the agency reported it.

For fishermen and shellfish farmers, adding kelp cultivation to their business strategy offers the potential to manage risk by diversifying their crops, extending their growing season, and increasing revenue. While this nascent market offers potential economic benefits for fisheries and their stakeholders, farmers face a number of barriers to success. One of those barriers is mismatched expectations between farmers and their prospective buyers, which can result from a lack of shared understanding of the complexities-which include uncertainties involving production capacity, regulations, food safety, and processing-of an emerging agricultural supply chain. In order for the industry to expand, stakeholders across the value chain need education and resources to align their respective motivations and goals and develop successful long term purchasing REL

Transactions

Action Obligated Date
Amendment $0
Amendment $0
Amendment $152,723
Original award $152,723

Quick answers

Who received award NA23NMF4270253?

NA23NMF4270253 was awarded to Greenwave Organization Corp by National Oceanic and Atmospheric Administration (Department of Commerce) on September 1, 2023.

How much is award NA23NMF4270253 worth?

$305,446 has been obligated on NA23NMF4270253.

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