Unlocking the potential of your scallop-related business is easier than ever with this program. It allows you to propose projects that enhance understanding of the scallop fishery, which can directly contribute to sustainable management efforts. By participating, you could receive scallop RSA quota, which can be sold to generate funding for your research activities.

This program offers freedom from traditional funding limits, allowing you to shape your project to align with both your goals and the research priorities of the New England Fishery Management Council. Selling the RSA quota will not only fund your expenses but also compensate scallop vessel owners, creating a beneficial partnership within the local fishing community.

Why apply? Engaging in this project supports your business while also making a meaningful impact on the scallop fishery. With easy qualification criteria, this is a great chance to grow your business and contribute valuable insights to the industry without the typical roadblocks associated with funding.

This program offers repayable financing through proceeds generated from the sale of RSA quota. This means that you won’t receive direct cash upfront; instead, you will receive funding based on your project's success in utilizing the quota to generate revenue.

Repayment Terms:

• There are no specified interest rates since the financing is tied directly to the sale of quota and not a traditional loan.
• Payment is contingent on the revenue generated from the approved activities associated with your project.

Eligible Expenses:

• Funds can be used for activities that enhance knowledge of the scallop fishery resource.
• You can also compensate scallop vessel owners, which ties into your project requirements.

Restrictions and Fees:

• It’s important to note that funds cannot be used for federal research costs.
• Currently, there are no fees associated with the program, ensuring that the financing aligns directly with the project's objectives.

• Location: Must operate in the New England region.
• Sectors: Open to all sectors.
• Employees: No minimum or maximum number of employees required.
• Company Revenue: No minimum or maximum revenue qualifications.
• Legal Structure: All legal structures are eligible.
• Profit Structure: All profit structures are eligible.

Disqualifications: None mentioned in the context.

This program is designed to boost knowledge and research about the scallop fishery in the New England region. It invites you to propose projects that will gather important information for managing scallop resources effectively. If your proposal is successful, you could receive scallop RSA quota, which you can sell to fund your research activities.

The funds you generate from the sale of the RSA quota will help pay for your project's expenses and compensate scallop vessel owners involved in the research. This creates a unique opportunity for your business to engage in meaningful research while also supporting the local fishery management efforts.

You'll have the freedom to explore a variety of research areas based on priorities set by the New England Fishery Management Council. This program doesn't impose funding limits like traditional grants, so you can tailor your project to meet your business goals and contribute valuable insights into scallop management.