Tuesday October 30 grant ceremony

For immediate release
Contact: Tony Novak, 856-237-9199

CRAB INDUSTRY REVITALIZATION GRANT CEREMONY TUESDAY OCT. 30

Baysave is pleased to announce that a grant ceremony will be held Tuesday October 30, 2018, 11:00 at Money Island, New Jersey to present a check from New Jersey Community Capital THRIVE grant. The grant is focused on revitalizing the local blue claw crab industry. The press release from the donor is posted here.

Money Island, located on the bayshore in Cumberland County, is New Jersey’s second most productive seafood landing port. The tiny working waterfront community is struggling for survival under government-imposed costs in the midst of ongoing regional economic depression. Climate-related events, including massive costs from superstorm Sandy recovery, further hurt the recovery of the local seafood industry.

The Delaware Bay blue claw crab population is healthy yet about half of the 312 commercial crab licenses issued by the State of New Jersey are underutilized. Many licensed crabbers are not happy with current economic opportunities so they stay off the water. Baysave proposed establishing a shared use physical facility for the landing, storage and processing of crabs by independent harvesters as well as helping to organize a watermen’s cooperative to improve the marketing and business operations of crabbers to increase their bottom line.

The majority of the grant award will be used for state permitting costs. While the local industry has been in operation for more than seven decades, none of the docks or supporting infrastructure, have ever been permitted by authorities. “New Jersey has a ‘one size fits all’ fee schedule for land use permitting that works well in the northern part of the state but has been impossible for the economically deprived bayshore region. The permitting costs exceed the land value here. Only now are some of the region’s largest seafood companies beginning to tackle this expensive legal requirement” says Tony Novak, CPA Controller for Baysave.  By having a fully permitted crab landing and storage facility for smaller independent crabbers, Novak expects that more investment will then be available for crab processing, marketing and distribution systems to boost income for the local industry. Baysave has already announced plans to offer financing of equipment for crabbers who want to expand their production and hopes to offer vessel financing soon.

Novak notes that this grant is only 1/6 of the amount of funding needed to transform the waterfront community to a sustainable operation but is a welcome positive first step that, he hopes, will draw other investors to the opportunities in regional seafood industry expansion.

“We are grateful for the efforts of Cumberland County Economic Development Director Kim Ayers and the help of Jeff Kaszerman New Jersey Society of Certified Public Accountants for working with us to find this opportunity”.

Baysave is a 501(c)(3) association registered as a New Jersey charity. The mission is to connect government, educational, nonprofit and industry resources to support sustainable aquaculture.

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