US Department of Commerce Invests $3.1M to Bolster Kenai Peninsula Mariculture Workforce

Aug 7, 2024 | Alaska Native, Fisheries, News

  Photo Credit: LaSalle Photo | iStock

The US Department of Commerce’s Economic Development Administration (EDA) is awarding a $3.1 million grant to the Chugach Regional Resources Commission in Anchorage to bolster workforce development in the Kenai Peninsula mariculture sector.

Supporting Mariculture

The grant supports expansion of the Alutiiq Pride Marine Institute Patrick (Ratii) Norman facility, helping to create jobs in the marine research and mariculture career fields. The EDA investment will be matched with $1.1 million in local funds and is expected to retain ninety-five jobs and generate $12 million in private investment, according to grantee estimates. 

“We know that American workers fuel our economic competitiveness, and this EDA investment will provide the Kenai Peninsula community with the skills they need to acquire good-paying, quality jobs while also helping to diversify the regional economy,” says US Secretary of Commerce Gina Raimondo.  

Alaska’s congressional delegation welcomed Raimondo’s announcement.

“This investment from the EDA will help the Kenai Peninsula harness the full potential of the mariculture industry,” Senator Lisa Murkowski says. “Expanding the facility will not only result in more advanced marine research capabilities, but also will invigorate workforce development efforts and private investment opportunities within the Kenai Peninsula.” 

“As the largest producer of seafood in the nation—roughly 60 percent of American seafood comes from our waters—Alaska is undoubtedly the superpower of seafood for our country,” says Senator Dan Sullivan. “But our oceans provide us with even more opportunities in mariculture for jobs and for economic development. We have tremendous opportunities for sustainable mariculture in Alaska, and I’m pleased that these funds will bolster much needed workforce development to further develop that industry.” 

“Alaskans and our fishing families know how important fish is; it’s a part of our way of life. Investments in mariculture can help us sustainably protect this way of life and our environment while creating new, good-paying jobs,” says Representative Mary Peltola.

Current Issue

Alaska Business Magazine January 2026 cover

January 2026

The EDA’s mission is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. EDA invests in communities and supports regional collaboration in order to create jobs for US workers, promote American innovation, and accelerate long-term sustainable economic growth.

“The Economic Development Administration works closely with local communities to support place-based economic growth,” says Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “This investment will bolster a critical sector in Alaska’s economy by providing workforce development in an essential, sustainable industry.” 

Related Articles
Alaska Business Magazine January 2026 cover
In This Issue
JUNIOR ACHIEVEMENT OF ALASKA + INDUSTRY SUPPORT
January 2026
In our first issue of 2026, we are again featuring two special sections: Junior Achievement of Alaska and Industry Support.

We’re honored again this year to celebrate our partnership with Junior Achievement of Alaska, a nonprofit that educates local youth about enterprise, business, money, and financial literacy. In the special section, three Junior Achievement of Alaska students weigh in on their experience with the exceptional volunteers and teachers involved with the program.

And in Industry Support, we explore the range of varied services that industry in Alaska requires, from mancamps to spill response to off-grid energy solutions.

Outside the special sections, make sure to check out the 2026 Economic forecast, where Alaska leaders share their insights on what may lie ahead in the coming year. Enjoy!

Share This