To strengthen Maine s marine industries by maintaining and enhancing Maine s working waterfronts. To provide low cost financing for private pier owners for dredging, pier maintenance, repair and environmental upgrades. To develop a sustainable fund for current and future needs for Maine s working waterfront. Commercial fishing, aquaculture, boat building, repair and shipping all depend upon a healthy waterfront to generate income, jobs and taxes for Maine coastal communities. Scarce working waterfront property is being acquired by non-water dependent users.
Money is hard to find for maintaining working waterfronts.
May include dredging, pier maintenance and expansion in order to service the above industries. Pier maintenance could include repair of pilings and bulkheads and environmental improvements. Loan subject to conditions consistent with federal, state and local permits.