Ottawa Creates $325-Million Atlantic Fisheries Fund
The federal government has announced an investment of $325 million to create an Atlantic Fisheries Fund, that is aimed at benefiting the fishery in all four Atlantic Provinces.
The Fund is aimed at stimulating innovation, with a focus on growing opportunities and increasing their value to meet market demands for sustainably sourced, high quality fish and seafood products.
Judy Foote, Minister of Public Services and Procurement Canada said, in this sector, which is integral to the region...
Federal Budget 2016 Highlights
The federal Liberal Government’s first budget contained quite a few items that directly impact the fishing and marine industries in Atlantic Canada.
Some of the most notable were extension changes to the Employment Insurance program.
Dramatic declines in global oil prices since late 2014 have produced sharp and sustained unemployment shocks in commodity-based regions. In response to these unemployment shocks, Budget 2016 proposes to make legislative changes to extend the duration of EI ...
N.L. Provincial Government Invests More Money in Aquaculture Industry
The Newfoundland and Labrador government is investing $1.5 million in economic infrastructure and an expanding aquaculture industry on the south coast which will see the refurbishment of the Harbour Breton wharf and the introduction of new technology at the town’s fish plant.
This investment will allow the plant to reopen this fall, creating approximately 100 jobs.
As part of the $1.5 million investment:
$1 million will support the Town of Harbour Breton to refurbish the wharf ...
Northern Harvest Sea Farms to Receive $8.15 Million to Expand Operations
Northern Harvest Sea Farms will receive $8.15 million through the Provincial Government’s Aquaculture Capital Equity Investment Program toward a $17.6 million expansion of its aquaculture operations in the Coast of Bays region on the province’s south coast.
Funding provided to expand Northern Harvest Sea Farms’ operations will go towards capital asset investments in grow-out technology including automatic feeding systems, nets, cages, underwater lighting, mooring and service vessels. ...
