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State of Alaska Fisheries Revitalization Strategy
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Fisheries Small Business Assistance

As part of the Governor's $50 million Fisheries Revitalization Strategy, the State of Alaska dedicated $2 million to support fisheries industry business assistance programs.

Rural Development Initiative Fund

$1.5 million was appropriated to the Rural Development Initiative Fund (RDIF) administered by the Division of Investments for commercial fisheries related businesses. RDIF is an on-going revolving loan program that focuses efforts on rural development projects. Loans may be made for working capital, equipment, construction or other commercial purposes.

Marine Advisory Program (MAP)

$500,000 was appropriated to MAP for technical assistance to harvesters and small seafood businesses in coastal Alaska. Services offered by MAP may include:

  • Enhanced communication to industry on MAP programs and offerings.
  • One-on-one technical assistance for entrepreneurs.
  • Development and implementation of training courses throughout the state, including peer training.
  • Communicating widely and regularly among the intended audience of fishermen, processors and interested small businesses using print, web-based and other media.
  • Seafood business kits for a host of appropriate topics.
  • Fisheries source book for financing.
  • Teaching/co-teaching classes with other human resource agencies throughout Alaska.
  • Assess the need for formal seafood business course work within the University.
  • Analysis for policy discussions.