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Friday, December 12, 2008
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$3 Million Grants Handed Out for Aquaculture in Maine

US - The University of Maine’s Center for Cooperative Aquaculture Research (CCAR) and Maine’s nascent offshore aquaculture industry got a huge boost last month with a pair of grants totaling just under $3 million from the Maine Technology Asset Fund (MTAF).

According to MountDesertIslander, The funds come from a $50 million research-and-development bond approved by Maine voters in November 2007 and are administered by the Maine Technology Institute.

By far the largest grant, $2.6 million, will go directly to CCAR to erect a new building that will be used for holding marine fish, such as cod, testing offshore aquaculture equipment and holding broodstock for large marine fish such as tuna.

The smaller grant, just $360,000, will go to the Maine Aquaculture Innovation Center (MAIC) to improve and upgrade aquaculture business incubator facilities at CCAR.

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