CARES Act relief funds for New Bedford fisheries topped $5 million
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In May 2020, the U.S. Department of Commerce announced an allocation of $300 million for fisheries assistance. According to the National Oceanic and Atmospheric Administration, Massachusetts received the third-highest amount in funding with about $28 million. Alaska and Washington received the most with $50 million each and Maine was fifth with about $20.3 million. New Bedford alone received about $3.8 million, or approximately 13.6% of the state’s allocation. The funds provided much-needed relief for an industry seeing up to a 49% drop in landings revenue,,, >click to read< 08:12
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