New York State Assemblyman Fred W. Thiele, Jr. is encouraging coastal fishing businesses harmed by Hurricane Sandy last fall to apply for available funding through New York State’s recently approved coastal fishing industry grant program.
Under the program, eligible businesses will be able to apply for grants up to $50,000 to cover uncompensated losses.
“Hurricane Sandy caused widespread destruction to New York’s fishing industry,” said Thiele. “The East End’s commercial and recreational fishing industry was not spared. This industry, which is critical to the local economy and community, must rebuild. I thank Governor Cuomo for directing these federal funds to the fishermen in such great need.”
Businesses can apply by visiting http://nysandyhelp.ny.gov/sites/default/files/documents/coastal-fishing-industry_4.25.13.pdf
Fishing businesses that suffered damage and/or economic hardship as a result of Hurricane Irene or Tropical Storm Lee are also eligible for funding through the program. The $20 million program, designed to help the fishing industry recover, was part of the State’s Community Development Block Grant Disaster Recovery Action Plan, which gained federal approval last month.
Sandy caused significant damage to fisheries along New York’s coastline. It is estimated damages to the coastal fisheries industry from Sandy totaled $77 million ($58 million to the state’s recreational fishing sector and $19 million to its commercial fishing sector).
In 2011, the state’s commercial fishing industry generated $5 billion in sales, contributed $1.8 billion to gross state product and supported 42,000 jobs across the broader economy. The state’s marine recreational fishing industry generated $369 million in sales, contributed $212 million to gross state product, and supported 3,000 jobs across the broader state economy.