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The JEDCO Seafood Enterprise Assistance (SEA) Fund is one of the only loan programs in existence designed to serve the commercial fishing and seafood industries long-term.
The Jefferson Parish fishermen and fisheries-related businesses are major players in the regional and statewide economy, and yet, they are historically under-served. The SEA Fund program seeks to bring profitability and sustainability back into the commercial fishing industry. It offers loan repayment conditions that align with industry seasonality, making it easier for commercial fishermen to pay off the loan when they’re making a catch.
JEDCO has funded four SEA Fund loans for nearly $300,000.
– Kelsey Scram, JEDCO