University of Guam receives $4M for Blue Economy Innovation Center
1 report, 1 independent
Updated Oct 1
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What happened
Lawmakers debated a proposal to appropriate $20 million in excess Section 30 revenues to Guam Memorial Hospital Authority and the University of Guam. The University of Guam was allocated $4 million to establish its Blue Economy Innovation Center at the Fadian Hatchery. This funding is part of a larger bill that also provides $15.9 million to Guam Memorial Hospital Authority for an Electronic Health Records system.
From guampdn.com
Why it matters
The innovation center aims to build local capacity for the aquaculture industry in Guam. According to reports, this effort could supply a quarter of Guam’s seafood demand and create approximately 100 jobs.
From guampdn.com
Who's involved
- University of GuamRecipient of $4 million to establish the Blue Economy Innovation Center
- GuamLocation where the innovation center will operate and industry capacity will be built
- Frank AguonPolitician involved in the legislative debate over the funding