Maine, New Hampshire, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Maryland, and Virginia (the States) have been advancing an initiative to establish a regional fund administrator for fisheries compensatory mitigation which would provide financial compensation for economic loss from offshore wind development off the Atlantic Coast. Recognizing the importance of sustaining a vibrant fishing community that can coexist and thrive alongside offshore wind energy development, the States have released a Request for Information (RFI)
aimed at receiving input from impacted members of the fishing industry, offshore wind developers, corporate and financial management entities, as well as interested members of the public, to inform efforts to establish a regional fisheries compensatory mitigation fund administrator.
The Special Initiative on Offshore Wind (SIOW), in collaboration with the Consensus Building Institute (CBI), has been convening and facilitating discussions on a regional approach to fisheries compensatory mitigation. SIOW and CBI will continue to support this critically important effort as consultation with the fishing and offshore wind development industries continues.