Tag Archives: Economic Development Administration

DEM gets $1.6M grant for Port of Galilee infrastructure improvements

The R.I. Department of Environmental Management has received a $1.6 million grant from the U.S. Department of Commerce’s Economic Development Administration to make critical port infrastructure improvements needed to support the region’s commercial fishing industry, U.S. Secretary of Commerce Wilbur Ross announced Monday.,,, “President Trump has been clear about the urgent need to upgrade American infrastructure from coast to coast,” Ross said in a statement. “The completion of this project will help drive new opportunities to the local commercial fishing industry in the Port of Galilee.” click here to read the story 14:57

U.S. EDA Invests $500,000 to Re-capitalize Commercial Fishing-Focused Revolving Loan Fund for Southern Maine

The U.S. Commerce Department’s Economic Development Administration (EDA) today announced a $500,000 grant to Coastal Enterprises, Inc., of Wiscasset, Maine, to re-capitalize a commercial fisheries Revolving Loan Fund (RLF) that provides greater access to capital for Maine’s commercial fishermen and fishing-dependent businesses. Read more here  16:17