Resources Database

Coastal Enterprises, Inc. provides loans to aquaculturists. If you are seeking to grow your aquaculture operation but have had difficulty getting a loan from a commercial lender, CEI is here to help.

List of Grants and Requests for Proposals (RFPs) on the Department of Marine Resources (DMR) website. These include opportunities in Coastal Access & Working Waterfronts, Coastal Community Planning, and Outreach & Education.

Careful financial management is essential for the success of an aquaculture business. While financial management is a complex topic that can be approached from many perspectives, there are some key questions that the manager of an aquaculture business must answer affirmatively to be successful. Determining the answers requires careful, thorough, and comprehensive analysis. This publication, written by Dr. Carole Engle, a specialist in aquaculture economics, outlines the types of analyses and financial statements required to answer these critical questions.

Cash flow problems are one of the most common types of financial problems in aquaculture businesses. This publication, written by Dr. Carole Engle, a specialist in aquaculture economics, addresses the question of whether the business can generate enough cash when needed to pay its bills (liquidity). Liquidity is a fairly broad concept, and a number of financial indicators can be used to measure it. Of these, the cash flow statement is the most useful means of monitoring the liquidity of a business.

The comprehensive financial analysis of aquaculture businesses requires that three key aspects of financial management be evaluated: financial position, profitability, and liquidity/cash flow position. Profitability is the difference between total revenue and total cost. It must be analyzed separately from financial position and liquidity/cash flow. This publication written by Dr. Carole Engle, a specialist in aquaculture economics, discusses profitability as measured from income statements and enterprise budgets.

Matt Parker, aquaculture business specialist, presents basic business concepts such as writing a business plan, developing pro forma statements, costs associated production, and record keeping to determine the costs of production.

Facilitating economic growth for Maine's farmed shellfish businesses. This project has produced two data-driven, quantitative market assessments to inform industry leaders and business owners about the potential scale and scope of markets for farmed shellfish and to facilitate strategic growth in the industry. The most recent report was completed in 2023 and published in 2024.

In September 2023 the ECSGA updated its 2010 Best Management Practices manual. Building on the 2010 version, this update adds a new section on the management and handling of floating gear, hundreds of embedded links, info on new gear types and a revised bibliography. ECSGA also completely revamped the tool to create your own farm-specific Best Practices document: the Best Practices Form.

The Maine Aquaculture Financing Resources Manual, developed by MAA Project Manager Christian Brayden with support from FocusMaine, is an in-depth summary of all known financing resources available to Maine aquaculture producers.

University of Maryland Extension, Maryland Sea Grant, Chesapeake Bay Foundation, and Chesapeake Oyster Alliance are proud partners for “Seed to $$$” - a program for those in aquaculture to learn to manage their businesses for more profit. The US has experienced rapid economic growth in the last few years. This was due to increased spending designed to stimulate the economy in the wake of the pandemic. Recordings of the 8 presentations from the Seed to $$$ meeting are now available for viewing.

CEI Ventures manages socially responsible venture capital funds. Our investments help to create quality employment opportunities, especially for those with low to moderate incomes; promote progressive management practices; support socially beneficial products and services; enrich distressed communities; and foster environmental sustainability.

MTI offers grants, loans, equity investments, and services to businesses, organizations, and individuals to support Maine’s innovation economy. MTI defines innovators as individuals or groups who introduce ideas that create something new or improve an existing product, service, or process.

Lists Maine Sea Grant Funding Opportunities, Regional Research and Funding Opportunities, Sea Grant Supported Scholarship and Fellowship Opportunities, and Other NOAA Scholarship Opportunities.

Whole-Farm Revenue Protection (WFRP) provides a risk management safety net for all commodities on the farm under one insurance policy and is available in all counties nationwide. This insurance plan is tailored for any farm with up to $8.5 million in insured revenue, including farms with specialty or organic commodities (both crops and livestock), or those marketing to local, regional, farm-identity preserved, specialty, or direct markets.

An overall business resource on starting a business, business licensing, corporate resources, business taxes, and employer resources.

Step by step guide to help plan, launch, manage, and grow small businesses including, writing a business plan, calculating start-up costs, get funding, managing your finances, and more.

A nonprofit organization providing educational workshops and helping small businesses get started, grow and operate effectively.

A leader in the small business economic and development arenas that assists new businesses as well as existing businesses manage, run and grow.

Provides advising and financing to fisheries and aquaculture businesses to improve their long-term viability, create and maintain quality jobs, safeguard marine-related infrastructure and environments, and help preserve the cultural integrity of Maine’s working waterfront.

The Top Gun training program is designed specifically for the entrepreneur with a desire to grow his/her business and achieve long-term success through the use of the right tools, resources, and related mentorship. MCE has taken the time to develop strong business partnerships and to acquire loyal sponsorships which allow us to provide Maine entrepreneurs with the programing, mentorship, training, and knowledge they need to grow and succeed.

If you have been around this business for a while, you’ve probably watched some of the newcomers make the same mistakes you did when you were getting started. ECSGA Executive Director Bob Rheault decided he would try to think of as many of these common pitfalls as he could to help new growers avoid making the same costly blunders. Through the years he has continued to add to the list.