Seafood industry of Nova Scotia will now have good chance to improve as per the rising competition in the global marketplace with funding from the province. Fisheries and Aquaculture Minister Sterling Belliveau announced $310,983 for seafood processors to diversify markets, improve productivity, and assess lobster fishing areas.
This fund is said to be provided through the Community Development Trust Fund. Belliveau opined that Nova Scotia’s seafood industry is a strong pillar of our rural coastal communities and contributes significantly to the provincial economy. He added that these projects will ensure the industry has a strong future with a focus on technology, market diversification, and productivity. Funding will help the Lobster Fishing Area 34 Management Board of Yarmouth, to pre-assess all Scotia Fundy lobster against the Marine Stewardship Council standard.
The $34.9-million Community Development Trust Fund was established in 2008 by the federal government to help communities, sectors and workers hard hit by economic challenges.
