U.S. Deputy Assistant Secretary of Commerce for Economic Development Benjamin Erulkar presented the money, which was provided by the Economic Development Administration.
The investment is expected to create 100 jobs and generate $8 million in private investment.
"Communities that work together to create dynamic regional economies that foster innovation and competitiveness are the key to America's continued success as the leader of the 21st century global economy," Erulkar said. "This EDA investment will boost the region's commercial fishing sector and help expand tourist businesses that serve the growing number of cruise ships that stop at Kake."
Additional information on how EDA investments are helping communities visit http://www.eda.gov.