Commercial and recreational fisheries in New Jersey and New York will receive just over $3 million for relief effort to address the impacts following Hurricane/post-tropical cyclone Sandy.
NOAA Fisheries has already been working with the states of New York and New Jersey to distribute $5 million in economic assistance that was previously appropriated by Congress. It is expected that new funds will be used to augment existing efforts to assist impacted businesses in these two states.
According to NOAA Fisheries, recipients of the funding will have broad latitude to determine the best use of the funds to meet the unique needs of their local businesses and communities.
Funds can be used for activities that, “restore the fishery or prevent a similar failure in the future, and to assist a fishing community affected by such failure.”
There are a number of steps that have to take place before the money can be distributed. Funds are allocated out through the federal grant process. Once a spend plan is developed and the grant application is complete, there is generally a 2-3 month review process before the funds are made available to the recipient.
source: NOAA Fisheries