Processing investment in Canada
The Newfoundland and Labrador government is investing $1.5 million in economic infrastructure and an expanding aquaculture industry on the south coast.
The investment includes $1 million to support the town of Harbour Breton in refurbishing the town’s wharf, along with $500,000 to introduce new technology to the fish plant, which is adjacent to the wharf.
The investment will enable 54417 Newfoundland and Labrador Co. Ltd., managed by Barry Group International, to purchase pre-rigor processing technology for the plant. This is the first time this technology will be employed in the province and it will assist in producing product of the freshest and highest quality. The company is contributing $3.5 million to this project.
The plant is planned to reopen this autumn, creating approximately 100 jobs.
Salmon from Northern Harvest Sea Farms in St. Alban's will be processed at the plant. The ability to have fish processed in Harbour Breton is critical to Northern Harvest Sea Farms’ expansion plans. The company is receiving $8.15 million from the Provincial Government toward a $17.6 million expansion of its operations, which is expected to increase employment from 145 full-time equivalent positions to 180.
The economic impact of this development will benefit the entire region, resulting in an increase of approximately $55 million in Provincial Gross Domestic Product, 772 person years of employment and an additional $30 million in wages, salaries and benefits over the next 10 years.
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