Saving Seafood

Restaurant, small business groups criticize new PPP legislation

October 21, 2020 — The restaurant industry and small business organizations in the United States are voicing their displeasure with a proposed second round of Paycheck Protection Program (PPP) legislation.

“The Paycheck Protection Program didn’t work for restaurants in March and it won’t work now,” the Independent Restaurant Coalition said in a press release. “Since the program began, one in six restaurants has closed, 2.3 million people are no longer on the payroll, and USD 220 billion [EUR 185 billion] in revenue was lost in just the second quarter.”

Read the full story at Seafood Source

ALASKA: Pandemic pushes fishing activists to call for more government support

July 30, 2020 — Before this year’s salmon season, federal disaster funding was mostly unavailable to small-boat fishing businesses. Then, Congress amended the Paycheck Protection Program at the beginning of July so that fishermen could apply. A little later, it extended the program’s application deadline until August 8.

That was a big relief for many fishermen in Alaska.

“My family and I are salmon fishermen,” said Jamie O’Connor, a Bristol Bay set-netter who fishes in Ekuk and serves as the Working Waterfronts director for the Alaska Marine Conservation Council. “It was really difficult for us to quantify our impacts before our season had happened, so we were really happy to see that there had been an extension and some alterations to the program to allow us to participate.”

At the peak of this year’s sockeye run, O’Connor’s processor put the fleet on limits — the company, and many others in Bristol Bay, told fishermen not to fish due to freezer and capacity issues.

“We missed probably half to a third of our season in those three days,” O’Connor said. “It was a hard thing to sit through, especially with all of the effort that went into preparing for this season. To have done more on the front end to make sure we could do this safely and then just sit out the run was crushing.”

Read the full story at KTOO

Maine lobstermen prepare for uncertain summer season, hoping for further federal relief

July 28, 2020 — More than 1,300 lobstermen in Maine – about 1 in 3 – received forgivable loans through the Paycheck Protection Program (PPP), with the majority amounting to roughly $10,900.

It may not be enough to sustain fishermen through an already uncertain summer amid the COVID-19 pandemic, Ben Martens, executive director of the Maine Coast Fishermen’s Association, told the Portland Press Herald.

“A lot of people got very small loans that helped in the short term, at the start of the crisis, but now the crisis is dragging on and lobstering season hasn’t even really started,” Martens said.

New data from the U.S. Small Business Administration shows that altogether, Maine’s lobster industry received roughly $24 million in PPP funding, the most given to any business concern in the state; dine-in restaurants, beauty salons, real estate, and home building received the next highest amounts.

While the bulk of the fishing sector money – nearly $15 million – went to fishermen, some dealers, retailers and processors received loans between $150,000 and $1 million.

Read the full story at The Center Square

PPP loans helped buoy Maine’s lobster industry through the spring

July 22, 2020 — Maine lobster businesses, both large and small, received emergency funding through the U.S. Small Business Administration’s Paycheck Protection Program to help them survive the economic crisis wrought by the coronavirus’ global spread this spring.

The lobstering sector was the top recipient in Maine of forgivable PPP loans of less than USD 150,000 (EUR 130,000), with around USD 14.9 million (EUR 12.9 million) offered to 1,358 Maine lobstermen, according to the Portland Press Herald. But the average loan to lobster fishermen was USD 10,900 (EUR 9,400) each, a total that won’t help many survive the season if low dock prices and weak export markets continue, according to Ben Martens, executive director of the Maine Coast Fishermen’s Association.

Read the full story at Seafood Source

1 in 3 Maine lobstermen lands federal pandemic loan

July 20, 2020 — Maine lobstermen reeled in more small federal emergency loans under the Paycheck Protection Program than members of any other industry in Maine, with about one out of every three commercial lobstermen landing one, but the average loan was barely large enough to cover a month’s worth of bait at the height of the summer fishing season.

About $14.9 million in forgivable Paycheck Protection Program, or PPP, loans of less than $150,000 have been handed out to 1,358 Maine lobstermen, according to an analysis of newly released U.S. Small Business Administration data. That puts lobstermen ahead of full-service restaurants, real estate offices, beauty salons and home builders, which rounded out the top five Maine industries receiving small PPP loans.

But the high participation rate didn’t net Maine lobstermen a lot of money, with the average small PPP loan to lobster fishermen working out to be just $10,900 each, data show. By comparison, full-service restaurants got $53,500. Home builders, $30,000. It didn’t get better when the loans got bigger: Only two lobstering companies got large loans of more than $150,000.

“A lot of people got very small loans that helped in the short term, at the start of the crisis, but now the crisis is dragging on and lobstering season hasn’t even really started,” said Ben Martens, executive director of the Maine Coast Fishermen’s Association. “Ten grand is nice if you’re struggling, but not enough if you’re suffering.”

Read the full story at the Portland Press Herald

Paycheck Protection Program extended again, allowing more 1099 claims

July 2, 2020 — As the deadline for the Paycheck Protection Program’s small business extension drew to a close this week, Congress scrambled to approve an extension of the program to Aug. 8. Meanwhile, fishing businesses hurried to submit applications under the original deadline as new guidelines opened a door to the industry.

On Thursday, June 25, the Small Business Administration announced that the loan program, which was established as part of the CARES Act, would be expanded specifically to address a gap for the commercial fishing industry to include filings for 1099 workers.

“Extending the program to fishermen impacted by the pandemic will be a critical lifeline so they can continue to provide Americans with the safest, most sustainable seafood in the world,” said Leigh Habegger, executive director of Seafood Harvesters of America.

But the application deadline was Tuesday, June 30, giving the industry just four business days to collect paperwork and file — at the height of the summer season.

Read the full story at National Fisherman

Paycheck Protection Program Deadline Extension

July 1, 2020 — The following was released by The Office of Senator Lisa Murkowski (R-AK):

The U.S. Senate unanimously passed legislation to extend the Paycheck Protection Program to August 8, 2020. The small business loan program expired yesterday, on June 30. It now needs to pass the House in order for it to be sent to the President’s desk to be signed into law.

Just last week the Department of Treasury and Small Business Administration announced a rule allowing commercial fishing businesses to account for crew member payroll when applying for Paycheck Protection Program (PPP) loans, a change that the Alaska Congressional Delegation had been seeking for weeks. While commercial fishing businesses were previously eligible for PPP loans, before June 25th they were not fully able to take advantage of the PPP due to the Department of Treasury’s previous interpretation of eligible payroll costs. Treasury issued a rule on June 25th to address this. While the fix was welcome news, this gave commercial fishing businesses just days to apply for PPP funds before the June 30 deadline.

“We’ve seen the importance of the Paycheck Protection Program to countless small businesses in Alaska. During this unprecedented coronavirus pandemic, it has been helped them weather the storm,” said Senator Murkowski. “With last week’s fix to finally allow commercial fishing businesses to take full advantage of the program, this extension is absolutely necessary to give them the opportunity and time they need to apply. My hope is that the House quickly takes this legislation up so that we can give these small business owners, including our fisherman, the peace of mind they need.”

“The recent rule change enabling commercial fishermen to more fully access the Paycheck Protection Program was a big win for Alaska, but the narrow window of time left to apply—especially in the middle of fishing season for many—threatened to blunt the benefits,” said Senator Sullivan. “I thank my Senate colleagues for extending the PPP application deadline and, if this bill makes it past the House and the President’s desk, I urge all interested Alaska small businesses, including our hard-working fishermen, to apply quickly so they don’t miss out on the remaining PPP relief funds.”

Click here for more information on the Paycheck Protection Program.

Feds in Last-Minute Move OK Fishing Boat Owners for COVID Loans

June 29, 2020 — The Small Business Administration announced Thursday that owners of commercial fishing vessels are now eligible to apply for Paycheck Protection Program (PPP) loans — giving them only three business days to get their paperwork in before the program expires at the end of the month.

The PPP program was designed to let small business owners keep workers on payroll during the COVID-19 pandemic. The loans can be fully forgivable if the recipient uses at least 60 percent of the funding to pay workers.

Advocates for the fisheries on Friday praised the move from the SBA while encouraging fishing boat owners to hustle on down to their local banks to get their applications in. All PPP loans must be approved no later than than June 30.

“We’re hearing that many banks stopped taking PPP loan applications on Friday,” said National Coalition for Fishing Communities Executive Director Robert Vanasse. “With this news from the SBA, we hope that local banks will extend that window until Tuesday.”

Read the full story at WBSM

Statement from Saving Seafood’s National Coalition for Fishing Communities Executive Director Robert Vanasse on Changes to the Paycheck Protection Program

June 29, 2020 — The following was released by the National Coalition for Fishing Communities:

Our fishing coalition members are grateful for today’s modifications to the Paycheck Protection Program (PPP), which will finally allow most vessel owners to take part in the program and will help save industry jobs. As fishermen deal with the ongoing changes to the industry caused by the COVID-19 crisis, these protections will help support livelihoods and ensure that our fishing communities remain strong.

We would like to thank President Donald Trump and members of his Administration, Secretary Wilbur Ross and the staff of the Department of Commerce, Secretary Steven Mnuchin and the staff of the Department of the Treasury, and Administrator Jovita Carranza and the staff of the Small Business Administration for their efforts in making changes to the program, and for helping to make sure that the PPP is available to as many American businesses as possible.

America’s fishing industry has been a foundation of not just the culture of our coastal communities, but of the US economy as well. Commercial fishing communities span the nation, from Hawaii and the Pacific territories, to Alaska, to the Pacific Northwest, the West Coast, the Gulf of Mexico, and the East Coast.

The National Coalition for Fishing Communities gives voice to the numerous communities — municipalities, fishermen, shore-side businesses, processors, retailers, and many others — that make up America’s seafood industry. Our members represent tens of thousands of fishermen across the nation.  Neither we nor our members accept financial support  from environmental organizations or their funders.