BC invests in aquaculture

03 Oct 2012
11 British Columbia companies will be receiving investment worth $1.25 million. Credit: Mainstream Canada

11 British Columbia companies will be receiving investment worth $1.25 million. Credit: Mainstream Canada

Fisheries and Oceans Canada will be investing in 11 British Columbia companies to encourage sustainable and innovative aquaculture projects in the province.

Three finfish and eight shellfish aquaculture projects will receive $1.25 million to improve the competitiveness of the Canadian aquaculture industry and encourage the development of innovative technologies and management techniques.

The companies to receive the funding are: Bees Islets Growers, Island Scallops Limited, Island Sea Farms, Nova Harvest Limited, Nootka Sound Shellfish, Aphrodite’s Garden, Mac’s Oysters, B.C. Shellfish Growers Association, Sable Fish Canada, B.C. Salmon Farmers Association and Taste of B.C.

“The aquaculture industry is evolving worldwide,” said Keith Ashfield, Minister of Fisheries and Oceans. “The funding announced today will ensure that Canada’s aquaculture industry continues to remain globally competitive, while enhancing economic prospects for Canadians.”

British Columbia’s aquaculture industry creates close to 6,000 jobs, resulting in $224 million in annual wages. About 740 aquaculture operations in B.C. produce salmon, other finfish and shellfish year-round, with a total harvested value of nearly $534 million. 
 

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