The Maryland shellfish aquaculture financing program will be accepting a second round of applications between January 2 and January 31, 2011. The program received 16 applications totaling more than $1.3 million during the first round, which closed on November 30.
There is a total of $2.2 million currently available for the program, which is a cooperative effort among the Maryland Department of Natural Resources (DNR), the Maryland Department of Agriculture (MDA), the University of the Maryland Sea Grant Extension (UME) and the Maryland Agricultural and Resource-Based Industry Development Corporation (MARBIDCO).
The new shellfish aquaculture loan program is a subsidized program with principal payments returning to a revolving fund to support additional shellfish aquaculture funding needs in the future. The loan program offers partial loan forgiveness for borrowers meeting certain performance conditions. MARBIDCO is pricing the loans at a fixed annual interest rate not to exceed 4.5 percent. A Shellfish Aquaculture Financing Committee, including representatives from DNR, MDA, UME, a Maryland farm credit association, and MARBIDCO, has been established to evaluate applications and proposed business plans.
To begin the application process, interested parties may contact Karl Roscher of the Maryland Aquaculture Coordinating Office (MDA) at 410-841-5724. An application and aquaculture business planning template are available at www.dnr.maryland.gov/fisheries/oysters/industry/funding.asp.
source: MD DNR press release
Showing posts with label shellfish farming. Show all posts
Showing posts with label shellfish farming. Show all posts
Thursday, December 9, 2010
Tuesday, October 19, 2010
Maryland Aquaculture Conference
Maryland is hosting an aquaculture conference in Annapolis on November 9-10, 2010. The Maryland Aquaculture Conference will focus on the process for establishing successful shellfish aquaculture businesses that will provide economic growth and employment to rural areas while aiding the environment.
Conference participants will learn how to obtain bottom and water column leases; find and apply for financing; monitor for disease; target markets; and create profitable businesses through proper planning. Growers from other areas will discuss how they got into business, showcasing opportunities they took advantage of and highlighting how they see the future of Maryland’s shellfish industry.
The conference will be held at the DoubleTree Hotel, 210 Holiday Court, Annapolis, Md., (off Riva Road at Forest Drive) on November 9 from 8 a.m. – 4 p.m. and November 10 from 8 a.m. – 3:15 p.m. The registration fee is $75 for the full conference or $40 per day. For more information and to download a registration form, visit: www.marylandseafood.org or contact Martha Milligan at 410-827-8056. Space is limited, so register early.
source: Maryland Department of Agriculture
Conference participants will learn how to obtain bottom and water column leases; find and apply for financing; monitor for disease; target markets; and create profitable businesses through proper planning. Growers from other areas will discuss how they got into business, showcasing opportunities they took advantage of and highlighting how they see the future of Maryland’s shellfish industry.
The conference will be held at the DoubleTree Hotel, 210 Holiday Court, Annapolis, Md., (off Riva Road at Forest Drive) on November 9 from 8 a.m. – 4 p.m. and November 10 from 8 a.m. – 3:15 p.m. The registration fee is $75 for the full conference or $40 per day. For more information and to download a registration form, visit: www.marylandseafood.org or contact Martha Milligan at 410-827-8056. Space is limited, so register early.
source: Maryland Department of Agriculture
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