A draft of FWC’s proposed CARES Act funding spend plan with break downs on sector spending is listed below.
FWC is requesting your input before this plan is finalized. As such, we ask that you review the draft proposal and email us your suggestions. Suggestions will be accepted for consideration until July 29, 2020.
Email us here: CARESAct2020@MyFWC.com
On May 7, 2020, the Secretary of Commerce announced the allocation of $300 million in fisheries assistance funding provided by Sec. 12005 of the Coronavirus Aid, Relief, and Economic Security Act, also called the CARES Act, to states, Tribes, and territories with coastal and marine fishery participants who have been negatively affected by COVID–19.
As a next step, NOAA Fisheries will use these allocations (see below for Atlantic coast states allocations; for the full list of distributions go here) to make awards to its partners—the interstate marine fisheries commissions, Puerto Rico, and the U.S. Virgin Islands—to disburse funds to address direct or indirect fishery-related losses as well as subsistence, cultural, or ceremonial impacts related to COVID-19.
To allocate the Sec. 12005 funds, NOAA Fisheries used readily available multi-year averages to estimate the total average annual revenues from commercial fishing operations, aquaculture firms, the seafood supply chain (processors, dealers, wholesalers and distributors) and charter fishing businesses from each coastal state, Tribe, and territory. Additional details regarding the sources of revenue data are included here. Information on the proportion of revenues from each sector that contributed to the total revenues used in the allocation of the $300M of CARES Act funds from NOAA Fisheries, can be found here.
While no funds have yet been made available to the Commission or states, the states, in coordination with their seafood dealers/processors, commercial, for-hire and marine aquaculture industries, are in the process of developing their spend plans. It is anticipated most state spend plans will be drafted by the states by mid-July. Those plans will still need to be approved by NOAA before money can be distributed to those impacted. NOTE: This section will be frequently updated with the latest status reports.
FWC will continue providing CARES Act updates about this program as new information is received.
For questions or concerns, please email CARESAct2020@MyFWC.com.
For additional CARES Act information, visit: