The Maine Technology Institute’s center coordinates ocean industry partners and tracks economic and ocean resource trends across Maine.
The Maine Technology Institute houses a center that coordinates partners and supports sustainable ocean industries, including traditional fishing and working waterfront businesses.
A board with members from ocean businesses, research, education, and coastal communities oversees the center. The center tracks ocean economy and resource trends and reports each year.
The center receives $160,000 in one-time state funding for operations in fiscal year 2026–27.
The State Controller moves $160,000 in settlement money from an Attorney General account into the General Fund.
The Maine Technology Institute houses a center that coordinates work to support Maine’s ocean-based economy. It covers economic activity that depends on sustainable use of Maine’s ocean, coastal, or marine resources. The center works with government, businesses, schools, research groups, and nonprofit organizations. Its work must support sustainable ocean industries while recognizing the Gulf of Maine and the marine resources used by coastal communities and traditional industries.
A board oversees the center, which tracks trends, coordinates partners, and reports on its work. The board includes representatives from ocean businesses, research and education, tribes, finance, fishing, coastal towns, aquaculture, and tourism. The 17-member board has 13 voting members appointed by the Governor, subject to Senate confirmation, and four nonvoting state officials. The center’s database tracks economic, workforce, and environmental trends relevant to Maine’s blue economy. Its annual report is public. The center must submit its annual report within 120 days after its fiscal year ends.
The center receives $160,000 in one-time General Fund support for operations. The funding supports the Maine Blue Economy Center. The funding is listed as one-time support for the center’s operations. The funding is for fiscal year 2026–27.
The State Controller transfers $160,000 from an Attorney General account to the General Fund. The transfer moves money between state funds. The money comes from settlement agreements held in the Department of the Attorney General’s Other Special Revenue Funds account. The transfer must be completed by June 30, 2027.
No hearings or votes scheduled.