ORONO — A consortium of Maine businesses and institutions is investing more than $14 million to grow jobs in the state’s marine industry.

The Alliance for Maine’s Marine Economy is investing $7 million in voter-approved bonds along with more than $7 million more from its own members, according to a statement from the University of Maine, which oversees the group.

The university said the investments are designed to “support and diversify traditional fisheries, aquaculture and other marine-dependent industries.”

The Maine Technology Institute is partnering with the alliance to invest in seven projects and award eight grants. The awards include creating new processing capabilities at seafood businesses in several counties in the state.