Florida Governor Scott requested Fishery Disaster Assistance because of Hurricane Michael October 23, and the US Secretary of Commerce official responded with a determination letter providing additional disaster assistance to impacted fishing businesses and individuals October 31, 2018. https://www.commerce.gov/news/press-releases/2018/11/us-secretary-commerce-wilbur-ross-declares-fishery-disaster-florida
This link provides an outline for the established process to obtain Fishery Disaster Assistance: https://www.fisheries.noaa.gov/insight/frequent-questions-fishery-disaster-assistance
Additional Hurricane Michael relief funds and resources for local fisheries are welcome and encouraging. However, there are several steps before these specific program funds will be available. After the Secretary of Commerce sends the Florida Governor a determination letter, there are additional steps before those funds will reach the industry. The timing of these specific fisheries disaster resources varies; Hurricane Irma (2017) funds have not made it through the entire process at this time. A funding plan for Irma was recently developed by the state of Florida in September 2018. http://myfwc.com/conservation/special-initiatives/irma
Other disaster recovery programs, including those for Hurricane Michael, can be accessed now by fishing and coastal businesses. There is a helpful document written to help guide fishermen to other recovery resources with examples of how fishing businesses accessed some of these program funds. See more at https://www.fisheries.noaa.gov/webdam/download/66759294
One important immediate aid program to consider is the Florida Small Business Development Center ‘bridge” loan program. Solo proprietors can borrow $25,000 while businesses with paid employees can qualify for up to $50,000 for one year interest free. This program is meant to provide immediate dollars to assist business owners while they await other payments from insurance or federal assistance such as the Small Business Administration loan. Important Deadline: Applications will be accepted through December 7, 2018. Learn more about the Florida SBDC Bridge Loan program at http://www.floridadisasterloan.org
Federal Small Business Administration Disaster Loan Program is a long term loan to aid in business or personal recovery. https://disasterloan.sba.gov/ela/Documents/Three_Step_Process_SBA_Disaster_Loans.pdf
Business Recovery Centers (BRC) provide one on one counseling and assistance from both the Florida SBDC and US SBA to help individuals navigate the recovery process. The current location of the Hurricane Michael Business Recovery Centers is available at: http://floridasbdc.org/services/business-continuation/disaster/
The Florida SBDC also has permanent offices throughout Florida. Visit http://floridasbdc.org/locations/ to find a location near you.
If you need additional information assistance for your marina, commercial fishing, or for-hire charter business related to Hurricane Michael, please contact your local UF/IFAS Extension Office and Florida Sea Grant Extension Agent.
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