Investor Presentaiton

• Streamlining and modernizing commercial fishing licenses will support the fishing industry RI's commercial fishing ⚫ industry supports many small businesses and thousands of jobs and supplies delicious, fresh RI seafood to local and global markets Current license structure This proposal modernizes the ⚫ license structure and better aligns license costs with programmatic needs, as well as with fees in other states. Revenue will be allocated into a restricted account. Streamlining the licensing system will create efficiencies for fishermen and fish processors, increase consistency and fairness, improve data quality, support better management, and reduce administrative burden on DEM Proposed Types Of Licenses: Multipurpose MPURP Principle Effort PEL Commercial Fishing CFL Endorsements What they can Restricted Finfish fish for: Non Restricted Finfish Quahog Shellfish Other Whelk Soft Shell Clam Non lobster Crustacean Lobster Endorsement Category Finfish Shellfish Crustacean Vessel MP Multipurpose license structure Finfish Shellfish Crustacean Limited Unlimited Limited Unlimited Limited Unlimited 17

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