In addition, the state was searching for an appropriate tenant or set of tenants to succeed Ocean Farms, whose lease to the site was canceled by the two-year-old NELH
Authority last December after the company racked up more than $1 million in overdue rent and utilities charges.
Today, the combined efforts of the aquaculture ventures at NELH on the Big Island are less than $1 million in annual sales.
NELH Executive Director Jack Huizingh says the facility's mission is support for as much research and development as possible for new technologies and businesses.
All these changes at NELH brought abalone entrepreneur George Lockwood and his partnership of eight investors into business at Keahole Point.
Lockwood admits that without support of the state and NELH, he would not be at his present level of production.
According to Kelly Moorhead, Cyanotech's production manager, the NELH facility is a great place for algae farming because the more sunshine, the faster the algae grows.
As Huizingh explains, the NELH facility has a file filled with several hundred potential NELH clients.
NELH will do what it can to keep that failure record low.