February 17, 2021 — 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.