On October 1, 2025, the Alaska Mariculture Alliance (AMA) opened the third round of match funding for the Mariculture Incentive Grant Program (MIGP). This program provides provide dollar for dollar matching grant funds to mariculture farmers, processors, nurseries, and hatchery operations who are engaged in developing or expanding mariculture in Alaska.

AMC’s Revolving Loan Fund Complements AMA’s MIGP

MIGP applicants must satisfy a 1-to-1, dollar-for-dollar match requirement through cash or loans, including loans secured through AMC’s Revolving Loan Fund (RLF).

The RLF addresses lending barriers within the mariculture industry by offering collateral support to lending institutions for borrowers who do not qualify for traditional loans and by leveraging capital to support rural and distressed communities. Currently, Spruce Root is an approved lending institution, with additional lending partners expected to join as agreements are finalized.

For more information about the RLF or to apply for a loan, please contact:

MIGP Requirements

MIGP applicants must have a permitted mariculture farm, hatchery, nursery, processing facility, or other mariculture-related business located in Alaska. Nonprofits are not eligible to apply, except for nonprofit shellfish and/or aquatic plant hatcheries.

Applications will be accepted through December 15, 2025, and projects receiving funding will be notified in February 2026. The program is funded by the State of Alaska.

For information about the MIGP timeline, eligibility, and match requirements, please visit AMA’s website.

MIGP History

In 2022, Governor Dunleavy worked with Alaska Legislature to secure $5 million for a new mariculture matching grant program to help develop the industry. The grant was made to the Department of Commerce, Community, and Economic Development (DCCED) for the Alaska Mariculture Alliance, which created the MIGP to administer and distribute funding to mariculture businesses throughout Alaska. In October 2023 and October 2024, AMA began the first and second rounds of MIGP funding.

 About the Alaska Mariculture Cluster

In September 2022, Southeast Conference was awarded a $49 million U.S. Economic Development Administration (EDA) grant to stimulate private investment and grow Alaska’s mariculture industry to $100 million in sales in 10 years.  The Alaska Mariculture Cluster grant involves a large coalition of state agencies, Tribes, non-profits, and others working together over a five year period ending May 2027.