The Mariculture Incentive Grant Program provides dollar for dollar matching grant funds to mariculture farmers, processors, nurseries, and hatchery operations who are engaged in developing or expanding mariculture in Alaska.
The Rural Economic Development Loan and Grant programs provide funding for rural projects through local utility organizations.
Provides financial support to Alaska Native kelp farmers for permit and lease fees, farming equipment, and startup costs.
Source: Pacific States Marine Fisheries Commission
Pacific States Marine Fisheries Commission
Promotes sustainable farming and business for practices in AK, CA, OR, WA, HI, and U.S. Pacific Islands; 6-8 Projects are usually funded annually.
Greenwave – Kelp Climate Fund
Grants of up to $25,000 for kelp farmers in exchange for data collection and sharing.
Alaska Mariculture Cluster
Loans to eligible businesses, nonprofits, cooperatives, municipal governments and other entities for the purpose of increasing access to mariculture, especially within Alaska Native and rural communities. The RLF addresses lending barriers within the mariculture industry by offering collateral support to lending institutions for borrowers who do not qualify for traditional loans and by leveraging capital to support rural and distressed communities.
Department of Commerce, Community, and Economic Development, Division of Investments
Loans of up to $1,000,000 for 1) operating expenses such as oyster seed and first-year start-up costs, 2) equipment purchases, such as nursery tanks and oyster cages, and 3) building processing facilities.
Department of Commerce, Community, and Economic Development, Division of Investments
Loans of up to $300,000 to small businesses (see SBA definition) that have matching loan funds.
Department of Commerce, Community, and Economic Development, Division of Investments
Loans of up to $35,000 for working capital, equipment, construction, or other commercial purposes.
Department of Commerce, Community, and Economic Development, Division of Investments – Mariculture Revolving Loan Program
Loans of up to $100,000 per year (max balance of $300,000) for planning, constructing and operating shellfish or aquatic plant farming business