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Shellfish Aquaculture Loan Programme Announced

Oysters Economics Politics +5 more

MARYLAND, US - Maryland Gov. Martin O'Malley says $2.2 million in loans will be made available for aquaculture projects through the state's $10.6 million oyster restoration budget for fiscal year 2011.

Maryland's oyster restoration plan increases areas open to leasing for oyster aquaculture as well as increasing the amount of bay bottom set aside as sanctuaries, according to Delaware Online.

The Department of Natural Resources says demand is expected to exceed the money available so priority will be given to applicants who plan to begin operations in 2011. Applicants who plan to begin operations in 2011 must have a DNR shellfish aquaculture lease, or have applied for a lease, by 15 November.