Feds offer emergency loans to idled salmon industry

Last spring, the commercial chinook salmon season was completely cancelled. Now federal officials are offering emergency subsidized loans for an industry in crisis. The loans must be repaid over a 30-year term, though no payments are required over the first year. George Kostyrko, a spokesman for the federal Small Business Administration, or SBA, said the aid is meant to help a now struggling sector. “The closure has had an economic impact on the commercial and recreational fishing and those associated with the broader salmon fishing industry here on the west coast,” Kostyrko said. more, >>lick to read<< 06:50

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