Ottawa announces $ 4.85 million to support Nova Scotia’s struggling fish and seafood sector
LOCKEPORT, NS – The federal government announced funding for a dozen projects in western Nova Scotia to support the province’s struggling fish and seafood processing sector.
Fisheries Minister Bernadette Jordan said the $ 4.85 million for 12 projects at 11 companies will help the sector retool and find new markets, positioning the industry for a strong post-pandemic recovery.
She says the funding, which is part of the $ 62.5 million Canadian Seafood Stabilization Fund announced by Ottawa last spring, is expected to create 60 jobs in rural communities in western Nova Scotia. .
Projects include modernizing fish processing lines, increasing lobster storage capacity, improving grading stations and scales, and adding new refrigeration equipment.
Leo Muise, executive director of the Nova Scotia Seafood Alliance, said the province’s seafood industry has seen ups and downs during the pandemic, with sales to cruise ships and restaurants drastically dropping while that retail sales have been positive and exports to Asia are slowly recovering.
The $ 4.85 million provided by the Atlantic Canada Opportunities Agency includes $ 443,092 in grants to improve health and safety measures, while the remainder of the funding is repayable loans for upgrades. capital, new technology and business upgrades.
Companies receiving $ 500,000 loans include: Clark’s Harbor Seafood of Clark’s Harbor, Deep Cove Aqua Farms of Blandford, Hailmar Fisheries of Lockeport, Ocean Pride Fisheries of Argyle, Rocky Coast Seafoods of Comeauville, Sea Lock Investments of Port Mouton and Synergy Seafoods from Clare.
LJ Robicheau & Son Fisheries of Middleton receives a loan of $ 750,000, Sea Crest Fisheries of Clare receives a loan of $ 57,892, High Liner Foods receives a grant of $ 404,092 and Lobster Hub of Clare receives a loan of $ 100,000 and a grant of $ 39,000.
This report by The Canadian Press was first published on March 17, 2021.