64 



Finally, a group of Gloucester fishermen and ehoresid* small 

 business p sop la have banded together and committed what resources 

 they have to the Gloucester Marine Resources Corporation. These 

 entrepreneurs eeeJc to construct a protein recovery plant in order 

 to produce exportable fish meal, rich in protein and omega-3 oils, 

 in order to support a diversified segment of the fishing fleet 

 vrhioh could harvest abundant herring, mackerel and menhaden. 

 Abroad and at home, this product could be used for aquaculture and 

 human consumption. 



The commonwealth of Massachusetts has also realised the need 

 for economic assistance to aid its fishing industry through these 

 challenging times. This spring, the Massachusetts Legislature 

 passed the Seaport Bond sill, a multi-million dollar aid package 

 for Massachusetts fisherman for the revitalization and creation of 

 shore-side infrastructure and facilities, the establishment of 

 markets for underutilized species, the creation of electronic fish 

 display auctions, and retro-fitting of fishing vessels so they nay 

 harvest underutilized fish species. 



Federal regulations and a changing environment have descended 

 upon the Nev England fishing industry without the sufficient 

 warning any sailor relies upon to chart a prudent course away from 

 dangerous conditions. Through your assistance, however, our 

 industry can work it's way to new and productive harbors of 

 commerce which will support small businesses for years to come. 



