The Department of Commerce and the National Oceanic and Atmospheric Administration (NOAA) announced $3.9 million to the Marine Technology Society (MTS) to establish a multi-year framework to engage the Ocean Enterprise as part of President Biden’s Investing in America agenda. The Ocean Enterprise includes public, private, non-profit, tribal and academic entities that provide ocean observation, measurement and forecasting data or deliver operational ocean information products and services.

Funded by the Inflation Reduction Act—the largest climate investment in history—this project will support NOAA in defining Ocean Enterprise requirements and identifying new market opportunities to advance public-private partnerships in support of coastal and ocean climate resilience and workforce development. These partnerships provide critical services and support to many marine environmental management activities and economic sectors, including offshore energy, shipping and coastal resilience.