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A new $1.8 million grant will help expand an aquaculture pilot project at the Natural Energy Laboratory in Kailua-Kona, another step in the development of our blue economy.
Hawaii’s Big Island is due to reinforce its reputation as the epicentre of US aquaculture research, following the award of a $1.8 million grant and the announcement of a brand new aquaculture innovation studio.
Last week US Secretary of Commerce, Gina Raimondo, announced that the Department’s Economic Development Administration (EDA) would award a $1.8 million grant to the Natural Energy Lab of Hawaii (NELHA), to support business retention and growth initiatives at a sustainable technology park. The EDA grant, to be matched with $459,658 in local investment, is expected to create 250 jobs and spur $40 million in private investment.
“The eruption of the Kilauea Volcano had a devastating impact on Hawaii’s economy,” said Raimondo. “This project will support the Big Island’s recovery through the creation of well-paying, quality jobs and the establishment of green technology industries.”