June 10, 2025
WASHINGTON, D.C. — Today, U.S. Senators Angus King (I-ME) and Lisa Murkowski (R-AK) introduced legislation that would lay the groundwork to boost the workforce, energy and shoreside infrastructure, food security, and economies of coastal communities in Maine and across the country. The Working Waterfronts Act, which is also co-sponsored by Senator Susan Collins (R-ME), is comprised of more than a dozen provisions, would support efforts to mitigate the impacts of climate change and strengthen federal conservation research projects. Included in the legislation is Senator King’s Fishing Industry Credit Enhancement Act which would allow businesses that provide direct assistance to fishing operations — like gear producers or cold storage — to access loans from the Farm Credit System (FCS) that are already offered to service providers for farmers, ranchers and loggers.
“Maine’s coastal communities are changing. From a warming climate to an evolving economy, the Gulf of Maine faces both historic opportunities and challenges that will define our state’s success for generations,” said Senator King. “The Working Waterfronts Act would provide Maine’s working waterfronts up and down the coast with the necessary financial, energy and infrastructure resources to adapt to the rapidly shifting dynamics of natural disasters affecting economic and tourism operations. It would also help support the necessary workforce to sustain our coastal businesses. Thanks to my colleagues for working with me to ensure our waterfronts have the necessary tools and resources to thrive for years to come.”
“One of my priorities this Congress was reintroducing the Working Waterfronts Act, a comprehensive and collective effort to harness the potential of the blue economy for Alaska's coastal communities,” said Senator Murkowski. “With 66,000 miles of coastline, it is vital Alaska strengthens our shoreside infrastructure and supports workforce development to ensure the sustainability and growth of our fisheries, tourism, and mariculture sectors. This legislation will provide essential resources for alternative energy initiatives, improve community processing facilities, and promote safety and wellness in the maritime workforce. Together, we can build a resilient future for our coastal communities while addressing climate change and preserving our precious marine ecosystems.”
“The men and women who make their living in Maine’s blue economy face growing challenges, including rising costs, workforce shortages, and changing ocean conditions,” said Senator Collins. “This bipartisan legislation would help address these issues by improving shoreside infrastructure, supporting the next generation of maritime workers, and investing in ocean ecosystem maintenance to ensure that Maine’s coastal communities remain strong for years to come.”
Bill Highlights:
Investing in Energy and Shoreside Infrastructure
Boosting Maritime Workforce Development and Blue Economy
Supporting Sustainable and Resilient Ecosystems
Senator King is a longtime supporter of working waterfronts and small businesses. He previously introduced the bipartisan Providing Resources for Emergency Preparedness and Resilient Enterprises (PREPARE) Act to reauthorize the Small Business Administration’s (SBA) Pre-Disaster Mitigation Pilot Program, which would give small businesses the opportunity to take out low-interest loans for the purpose of proactively implementing mitigation measures that protect their property from future disaster-related damage. He also led a bipartisan bill to provide working waterfronts with a 30 percent tax credit on up to $1 million in mitigation expenses, adjusted for inflation annually. In 2024, he was named a Hero of Main Street for his support of small businesses across Maine.
Senator Collins has consistently fought to strengthen Maine’s working waterfronts. Earlier this year, she successfully pushed the Department of Commerce to restore full funding for Maine Sea Grant, ensuring continued support for coastal research and marine industries in Maine. She secured $15 million in federal funding in the 2024 funding package to help coastal communities recover from storm damage and to launch a new grant program at the Economic Development Administration for working waterfronts. She previously introduced the bipartisan Working Waterfront Preservation Act to create a $20 million annual grant program to support working waterfronts nationwide.
###