Island Institute and Maine Center for Entrepreneurs Partner to Launch First-Ever Accelerator Program for Lobster Fishing Families

Island Institute is teaming up with the Maine Center for Entrepreneurs to launch the Fishing Plus Accelerator, a program for fishing families to explore new business opportunities to diversify their income in the face of climate and industry changes. 

Fellows Secure Major Grants for Island & Coastal Communities

At the start of the month, Governor Janet Mills announced the award of $8 million in grant funding through the state’s Community Resilience Partnership (CRP) to help communities protect people, businesses, and infrastructure from flooding, storm surge, and other climate effects. Three Island Institute Fellows––Claire Oxford, Thomas McClellan, and Alice Cockerham––helped their host communities apply for, and receive, thousands in Community Action Grant (CAG) funding.

Maine’s hardy lobster fishery had, seemingly, seen it all. Then came Trump’s trade wars.

Good seasons and bad. The ups and downs of government regulations. The growing threat of warming seas. But this year, the state’s thousands of lobstermen, and the thousands more whose livelihoods depend on the industry, are staring down a storm the likes they’ve never seen before. As President Trump wages an unprecedented protectionist campaign to impose or tease steep tariffs on nearly every trading partner, an industry that thrives on the free flow of global trade — and disposable cash in Americans’ wallets — could suffer disproportionately.

It’s not just tariffs; broad economic uncertainty could weigh on Maine’s lobster industry

Though Canada has placed tariffs on an initial round of U.S. goods worth some $30 billion, lobster is not on that list. Still, some members of the industry and economic experts worry that broader global economy uncertainty may drive down demand for the product in Maine.

Decoding the Future of Fishing

Island Institute is betting on fishing families—their knowledge, their adaptability, and their willingness to invest in their futures. The Future of Fishing project, in partnership with Profit Decoder, is not about abandoning tradition. It’s about preserving what matters by being smarter about how we operate.