The Province of Nova Scotia is investing in three seafood businesses to help them adopt new technology, increase productivity, expand processing capacity and create more value from Nova Scotia seafood.
Fisheries and Aquaculture Minister Kent Smith announced the projects receiving support through the Nova Scotia Seafood and Agriculture Strategic Investment Fund on July 14, at Innovative Fishery Products Inc. in St. Bernard, Digby County.
The company received $870,228 for a new large-scale oyster hatchery and nursery, designed to safely grow young oysters.
“Our seafood sector is one of Nova Scotia’s greatest economic strengths, supporting thousands of jobs and driving activity in communities across the province,” said Minister Smith. “Through this fund, we are helping businesses modernize, grow and create more value here at home, while positioning Nova Scotia seafood to compete in markets around the world.”
The other recipients are:
- Cedar Bay Grilling Company, Blandford, Lunenburg County — $950,000 to install a salmon filleting and processing line.
- Lobster Hub Inc., Meteghan Centre, Digby County — $900,000 to support a new freezing and concentration process that will turn lobster byproducts into a concentrated lobster stock product, ready for export.
The $4.7-million Nova Scotia Seafood and Agriculture Strategic Investment Fund supports innovative seafood and agriculture projects that boost productivity, strengthen competitiveness and help businesses respond to changing markets.
By investing in projects with measurable economic outcomes, the program helps create long-term value for Nova Scotia’s seafood and agriculture sectors.
This announcement builds on the Nova Scotia Seafood Sector Strategy announced in June, which focuses on growth and innovation, market and product diversification, operational efficiency and creating more value from Nova Scotia’s high-quality seafood.
