AUGUSTA -- Gov. John Baldacci today expressed his concern about the impact of rapidly falling lobster prices on lobstermen, dealers and processors and Maine's coastal communities, in a statement from his office.

He has directed members of his administration to take measures that can alleviate credit and other issues that have significantly threatened the viability of this important industry to the state.

"Prices have fallen below the level needed to maintain the economic viability of the Maine lobster industry, caused by reduced demand and the lack of short term business credit that are part of the global economic crisis," Baldacci said. "Maine's hard-working lobster families and businesses have been jolted by the world economic situation."

Among immediate steps to alleviate the current financial situation of the industry, Baldacci has directed the Department of Economic and Community Development, Department of Marine Resources, and the Finance Authority of Maine to meet with financial institutions and agencies to expedite measures to help families in tough financial straits.

He also encouraged Mainers to participate in lobster specials being run at many seafood dealers. The governor praised the efforts of Hannaford Brothers, Shaw's Supermarket, Weathervane Restaurants and many independent businesses to promote Maine lobster locally.