Panelists: State’s blue economy faces choppy waters without federal funding

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PARTICIPANTS AT A PANEL DISCUSSION TITLED ‘Blue Economy Investing Today,’ held Tuesday during the annual Blue Innovation Symposium hosted by Atlantic Resort Newport, panelists said that the industry still has obstacles preventing more private and venture capital investment. From left is Beth Orcutt, director of research for the Bigelow Laboratory for Ocean Sciences; Steven Fox, partner with Propeller Ventures; Jon Rotolo, co-founder of DTN Ventures; Martin Sabarsky, CEO of Cellana Inc.; and Jon Chait, a partner with IQT. /PROVIDENCE BUSINESS NEWS/CHRIS ALLEN

MIDDLETOWN – Martin Sabarsky, CEO of Cellana Inc., was clear Tuesday in his message about the future of the state’s blue economy, an industry that Rhode Island officials have staked out as a future pillar of economic innovation and growth that is now entering choppy waters the next four years with President Donald J. Trump.

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