To help marine businesses recover from the devastating impacts of January 2024’s coastal storms, Island Institute is expanding our Business Resilience Grant program. Grant awards of up to $5,000 are available for working waterfront businesses that directly support fishing and aquaculture on islands, and in fishing-dependent communities that were impacted by the storms on January 10 and 13, 2024.

Maine’s fishing industry accounts for nearly $1 billion in annual revenue and it is under a multitude of pressures. Taking up a mere 20 miles of the more than 5,000 miles of Maine’s coastline, the working waterfront infrastructure along our shorelines is in grave danger of being lost forever. The more rural the community, the more reliant communities are on the marine economy. Without safe and reliable wharves, docks, and access ramps, Maine’s fishing communities grind to a halt. This infrastructure is the backbone of the coastal economy and importantly supports the families and communities that rely upon what they catch or grow. It is for this reason we are choosing to urgently support the resilient rebuilding of our working waterfront infrastructure.

We will review grant applications weekly and have streamlined our application process to ensure these limited funds will quickly arrive in communities. Eligible applicants are for-profit businesses with shoreside infrastructure that supports multiple individuals or that plays a critical role in communities with demonstrable impact from these storms. Due to limited available funds, priority is given to businesses that support many independent harvesters. For more information please contact Jeff Frank at brgrants@islandinstitute.org

Examples of acceptable uses of funds include:

• Wharf infrastructure repair

• Equipment repair and replacement

• Other: contact us if you're unsure.

Before you get started, here is a bit more about the application and process:

Individuals and affiliated companies are eligible for one Island Institute grant per fiscal year (this does not include scholarships). Awards from previous fiscal years will not disqualify applications.

There is a limited amount of funds available for the Business Resilience Storm Recovery Grants. Applications are accepted on a rolling basis through June 10, 2024 (as long as funds are available), and reviewed weekly to ensure these funds will quickly arrive in communities.