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College of Earth, Life, and Health Sciences

UMaine-led group investing over $14 million in marine businesses, AP reports

The Associated Press reported a group led by the University of Maine is investing more than $14 million in businesses and infrastructure to try to grow marine jobs in the state. The Alliance for Maine’s Marine Economy, which is a consortium of businesses and institutions in the state, is investing $7 million in voter-approved bonds along with more than $7 million more from its own members, according to the article. The investments are designed to “support and diversify traditional fisheries, aquaculture and other marine-dependent industries,” according to UMaine. The Maine Technology Institute is partnering with the Alliance for Maine’s Marine Economy to invest in seven projects and award eight grants. The awards include creating new processing capabilities at seafood businesses in several counties in the state, according to the article. U.S. News & World Report, WABI (Channel 5), Portland Press Herald and The Seattle Times carried the AP report.