Tag Archives: Jim Buxton

Maine: 1 in 3 Lobstermen got small Paycheck Protection Program loans

About $14.9 million in forgivable Paycheck Protection Program, or PPP, loans of less than $150,000 have been handed out to 1,358 Maine lobstermen, according to an analysis of newly released U.S. Small Business Administration data. That puts lobstermen ahead of full-service restaurants, real estate offices, beauty salons and home builders, which rounded out the top five Maine industries receiving small PPP loans. Maine’s $1.4 billion-a-year lobster industry – including those who buy, sell and process lobster as well as catch it – have received 1,495 forgivable PPP loans worth at least $24.2 million, so far. Fishermen got the lion’s share of the industry’s total PPP money, but only because they outnumber dealers, retailers and processors. Some dealers got loans of up to $1 million. >click to read< 07:15

Lobstermen speak out against proposal to have Maine’s entire fleet report data

Maine doesn’t require all of its lobstermen to share their fishing data, and they say reporting even 10 percent of the country’s largest lobster fishery is enough to give state and federal regulators statistically valid data. That’s the argument advanced by lobstermen, the Maine Lobstermen’s Association and the state Department of Marine Resources against a proposal for 100 percent reporting, at a hearing held Wednesday by the Atlantic States Marine Fisheries Commission. >click here to read< 11:09