COVID-Related Loss
In determining the loss percentage, the impact period will cover the 12-month period from January 1, 2020, to December 31, 2020. The year 2020 average will then be compared to the last five year’s average to determine if the greater than 35% loss threshold is met. Other criteria specific to each commercial fishing sector must also be met.
Applicants are urged to fill out the application online for faster processing. A FAQ section is also available to help answer constituent questions about this COVID-19 related bill.
The application deadline is March 18, 2021.