MA - South Shore Fisheries Received $2.9 Million in Federal Relief
South Shore fisheries hauled in $2.9 million in federal money designated for the industry last year, about 10 percent of the total received for Massachusetts.
That money went to 126 commercial fishermen, charter boat owners, aquaculture farmers and seafood processors.
The 2020 Coronavirus Aid, Relief, and Economic Security Act, known more commonly as the CARES Act, authorized over $2 trillion in relief to individuals, businesses, hospitals, loan programs and other recipients to help ease the economic impacts of COVID-19.
The Paycheck Protection Program loans, known as PPP loans, were also part of that package, which injected $1.3 billion into the South Shore economy, with forgivable loans to 10,974 companies.
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.
On the South Shore, Duxbury businesses received the most aid, $710,486 for 27 businesses, followed by Plymouth with $595,809 for 36 businesses; Scituate with $525,360 for 19 businesses; and Marshfield with $232,929 for 13 businesses.