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Stimulus funding process proving tricky to navigate for smaller seafood operators

April 14, 2020 — The ongoing COVID-19 pandemic has resulted in the U.S. seafood industry being upended as restaurant closures drive down the prices of seafood, leading a number of food organizations to request relief from the government.

The U.S. government launched a relief package in late March consisting of USD 2 trillion (EUR 1.8 trillion) in aid for businesses in the U.S., including USD 300 million (EUR 273.5 million) earmarked specifically for the seafood industry. That package includes incentives to encourage employers to keep people on their payrolls, direct payments to low- to middle-income families, and aid to seafood companies that have lost revenue due to the fallout of the COVID-19 pandemic.

Read the full story at Seafood Source

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