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Marine Capital Grants

The Maine Technology Institute (MTI), in partnership with the Alliance for Maine’s Marine Economy, has released a new request for proposals (RFP) for a first round of awards from the Marine Economy Capital Grants Program (MECG) to support growth in Maine’s traditional fisheries, aquaculture and seafood-related companies and institutions.

Businesses, private, public and non-profit entities are invited to apply.

The Program is financed by the Marine Economy and Jobs bond that MTI manages on behalf of the State of Maine. Awards must be used for capital and infrastructure expenditures, such as equipment and facilities renovation in Maine’s Marine Economy.

The proposed project should lead to the generation or retention of high quality jobs in Maine. The award criteria also encourage innovative approaches to growth within Maine’s fisheries, aquaculture and seafood-related businesses. Proposals will be reviewed competitively according to five criteria: economic impact, industry identified need and/or support, project scope and approach to innovation, project team and resources, and quality of budget and finances. 

Learn more on the MTI webpage.