U.S. Department of Commerce invests $2.2 million to support commercial fishing industry in Kennebunkport, Maine

U.S. Department of Commerce invests $2.2 million to support commercial fishing industry in Kennebunkport, Maine

WASHINGTON — Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is providing a $2.2 million grant to Kennebunkport, Maine to support the region’s commercial fishing industry and ensure its resilience to storms and flooding.

This investment will help rebuild the commercial jetty at Cape Porpoise, supporting 55 fishing boats and local businesses displaced or affected by severe storms and flooding. The EDA investment will be matched with $540,877 in local funds and is expected to retain 145 jobs.

“President Biden is committed to supporting communities as they build safe and resilient infrastructure to serve local businesses and build a better America,” Commerce Secretary Gina M. Raimondo said. “This EDA investment in Kennebunkport will help build long-term resilience to future storms and flooding, and support long-term job growth and business expansion in the area.”

“The Economic Development Administration is working to ensure disaster-affected communities have the resources they need to recover and build back stronger,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “This EDA investment will improve commercial infrastructure and help ensure the future competitiveness of the region’s commercial fishing sector.

“This funding represents a critical investment in Maine’s active waterfront,” Governor Janet Mills said. “Kennebunkport’s fishing fleet and waterfront businesses are a vital part of the economy and identity of this southern Maine community. They are also vulnerable to the impact of increasingly severe weather conditions and will greatly benefit from this investment in improving coastal infrastructure.

“The commercial fishing industry is the lifeblood of Maine’s coastal communities. For generations, Maine’s fisheries have powered our state’s economy, supported a strong workforce, and shared a taste of Maine with millions around the world. The reconstruction of the Cape Porpoise Commercial Jetty in Kennebunkport will strengthen these historic and important fisheries while ensuring the long-term resilience of the local industry and the communities that depend on it. This is a vital investment from the Economic Development Administration, and we look forward to seeing the impact it will have in southern Maine,” said Senator Susan Collins, Senator Angus King and Congresswoman Chellie Pingree (ME-01) in a joint statement.

About the United States Economic Development Administration (www.eda.gov)
The mission of the United States Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing regions across the country for growth and success in the global economy. An agency of the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration to create jobs for American workers, promote American innovation, and accelerate long-term sustainable economic growth.