NFF Dollars at Work

Creating a sustainable blue economy

$8 million bridge loan (April 2024)

AltaSea at the Port of Los Angeles (AltaSea) is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation – all for a more sustainable, just, and equitable world. Part of their vision includes turning to the ocean to develop and scale up rapid solutions for some of the planet’s most pressing challenges, such as climate change, energy supply, and global food security. AltaSea attracts over 4,000 visitors annually, educates over 2,000 students, and supports more than 70 businesses through its programs and partnerships.

With an $8 million bridge loan from NFF, AltaSea can continue the revitalization of Berths 58 to 61 in the Port of Los Angeles while it waits for delayed government grants. This project will transform four historic port warehouses into 225,000 square feet of laboratories, research facilities, and hands-on educational development areas.