The Province 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.<\/p>\n\n\n\n
Fisheries and Aquaculture Minister Kent Smith announced the projects receiving support through the Nova Scotia Seafood and Agriculture Strategic Investment Fund today, July 14, at Innovative Fishery Products Inc. in St. Bernard, Digby County.<\/p>\n\n\n\n
The company received $870,228 for a new large-scale oyster hatchery and nursery, designed to safely grow young oysters.<\/p>\n\n\n\n
\u201cOur seafood sector is one of Nova Scotia\u2019s greatest economic strengths, supporting thousands of jobs and driving activity in communities across the province,\u201d said Minister Smith. \u201cThrough 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.\u201d<\/p>\n\n\n\n
The other recipients are:<\/p>\n\n\n\n
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\u2019s seafood and agriculture sectors.<\/p>\n\n\n\n
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\u2019s high-quality seafood.<\/p>\n\n\n\n
\u201cWe have long believed in the potential of Nova Scotia\u2019s oyster industry, and we had already identified the opportunity to put Innovative\u2019s hatchery infrastructure back to work. SASI has allowed us to accelerate those investment plans at a time when reliable, locally produced oyster seed is more important than ever. Our ambition is to build a world-class hatchery that helps Nova Scotia growers succeed and positions our province as a leader in oyster aquaculture.\u201d \u201cThis announcement represents a critical investment, at a critical time, for the future of oyster aquaculture in our province. The diseases MSX and dermo have cut off historical seed sources for Nova Scotia\u2019s oyster sector. Investments like this one in Innovative Fishery Products\u2019 new oyster hatchery and nursery facilities represent another important step in taking meaningful action on a secure, reliable seed supply to help stabilize and grow the oyster sector.\u201d \u201cToday\u2019s announcement represents the first of many deliverables of the new seafood sector strategy. Each investment made under the Seafood and Agriculture Strategic Investment Fund will increase domestic production, support new products desired by global consumers and increase the GDP of the sector here at home while helping us do more with the resources that surround our shores.\u201d \u201cThe quality of the applications made this an exciting program for us to administer. The fund had a lofty mission to select initiatives that would move the needle for the province’s economy and find solutions for real world problems. The seafood sector absolutely stepped up to address both.\u201d Source: Provincial Release <\/p>\n","protected":false},"excerpt":{"rendered":" The Province is investing in three seafood businesses to help them adopt new technology, increase productivity, expand processing capacity and<\/p>\n","protected":false},"author":1,"featured_media":13070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[6,10,12,13,18],"tags":[],"class_list":["post-13069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-general","category-latest","category-news","category-top-stories"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/posts\/13069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/comments?post=13069"}],"version-history":[{"count":1,"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/posts\/13069\/revisions"}],"predecessor-version":[{"id":13071,"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/posts\/13069\/revisions\/13071"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/media\/13070"}],"wp:attachment":[{"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/media?parent=13069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/categories?post=13069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/tags?post=13069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u2014 Nick D’Eon, Vice-President Finance, Mersey Seafoods Group of Companies<\/em><\/p>\n\n\n\n
\u2014 Jeff Bishop, Executive Director, Aquaculture Association of Nova Scotia<\/em><\/p>\n\n\n\n
\u2014 Kris Vascotto, Executive Director, Nova Scotia Seafood Alliance<\/em><\/p>\n\n\n\n
\u2014 Lynne Godlien, CEO, Perennia<\/em><\/p>\n\n\n\n
\n\n\n\nQuick Facts:<\/strong><\/h4>\n\n\n\n
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