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Natural Resources Ranking Member Ed Markey asks Commerce, SBA, and FDIC to work with NMFS and EDA to find ways to connect fishermen with financial products |
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Congressman Ed Markey (D-Massachusetts), the ranking member of the House Natural Resources Committee, has written to Commerce Secretary John Bryson, Administrator Karen Mills of the U.S. Small Business Administration, and Chairman Martin Gruenberg of the Federal Deposit Insurance Corporation to ask that the Commerce Department's Economic Development Administration and NOAA Fisheries (National Marine Fisheries Service) work together with the U.S. Small Business Administration and the Federal Deposit Insurance Corporation to explore new alternative financial products to meet the financing needs of fishermen. He also asked that they provide their analysis of financing alternatives and identify any legislative barriers that might prevent potential financing mechanisms from helping fishermen.
The need for small fishing businesses to expand their access to capital was one of the findings of the U.S. Department of Commerce Economic Development Administration evaluation of the economic needs of Gloucester, Massachusetts. • To act on the New England Fishery Management Council's Scientific and Statistical Committee recommendations to improve the data streams into the assessment , • To evaluate the characteristics of the Gulf of Maine cod stock including structure, spacial distribution and dynamics, Read the letter from Congressman Markey
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MELISSA WOOD, NATIONAL FISHERMEN: Meting out the meager
May 22, 2012 - Listening to the New England Council's Groundfish Advisory Panel talk about how that industry is going to pay for monitoring costs is kind of like trying to figure out how to pay your bills when you've just lost your job. Though monitoring is important keeping costs down is critical. As Panel Member Gary Libby pointed out, "If we had 100 percent monitoring we probably wouldn't have an industry."