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Tax Credit Program Extended for Seafood Processors

13Jul

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Tax Credit Program Extended for Seafood Processors

Legislation signed into law in early July extends the sunset date for an Alaska tax credit program for seafood processors that bring value-added product to market. The legislation sponsored by state Senator Gary Stevens (R-Kodiak) continues the tax credit for salmon and herring value-added products until Jan. 1, 2027, and also allows tax credits for products from other Alaska fish species. The program has been credited as a major reason for the boost in the commercial value of Alaska seafood since its inception as the Alaska Salmon Product Development Tax Credit in 2003. Data compiled by the Alaska Seafood Marketing Institute and the Pacific Seafood Processors Association concludes that $114.4 million in new revenue has been generated from the previous tax credit program. Stev...

ASMI Partners with Cruise Industry to Promote Alaska Seafood

Alaska Seafood Marketing Institute is partnering with Holland America Line to promote the company’s exclusive use of Alaska seafood on its six ships bringing visitors to the 49th state. ASMI spokeswoman Ashley Heimbigner said the partnership would include stories from harvesters and processors of Alaska seafood as well as chefs. Future programming initiatives are to include recipe development in concert with Holland America Line’s “Culinary Council,” in-destination video content, onboard Alaska seafood trivia and recipes from council Chef Ethan Stowell. ASMI and Holland America inaugurated their partnership on July 5, with Stowell joining Alaska commercial harvesters and local leaders in Juneau to demonstrate the depth and breadth of Alaska’s seafood bounty, including five specie...

ASMI Bolsters Seafood Online Marketplace

Alaska Seafood Marketing Institute has launched a new web-based directory designed to bring buyers and suppliers of Alaska seafood together around the world. The Alaska Seafood Online Marketplace, which replaces ASMI’S Suppliers Directory, allows businesses to create custom company profiles, list products and share product specifications with others online. Consumers and seafood buyers can search the marketplace by species, sales region and even contact suppliers directly within the platform. Buyers looking for specific seafood items can also create an account to post specific product needs or purchase requests. The new “For Consumers” section simplifies the search process by providing quick access to companies that direct ship Alaska seafood to individuals. ASMI’s digital ...