Situation Assessment of Alaska's Emergent Mariculture Industry

This report provides a situation assessment of Alaska's emergent mariculture industry, authored by Kayleigh Hamernik from The Nature Conservancy. It outlines the current state of mariculture in Alaska, focusing on the potential economic and environmental benefits associated with the industry. The report emphasizes the importance of developing well-defined markets for mariculture products, particularly seaweed, which currently faces challenges such as fragmented supply chains and limited consumer demand. It also discusses the significance of Indigenous leadership and community well-being in ensuring sustainable growth within the sector. The report highlights the role of strategic public and private investment, particularly in light of the $49 million Build Back Better Regional Challenge grant, which aims to support the industry's development until 2026. Furthermore, it notes the critical policy opportunities available to shape a sustainable future for Alaska's mariculture, emphasizing the need for cohesive regulations that prioritize ecological integrity and community benefits.