B.C. Aquaculture sector gets US$1.3 million Investment

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The Canadian Government will invest in 11 British Columbia (BC) companies to encourage sustainable and innovative aquaculture projects in that province.

“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.”

This investment of CA$ 1.25 million (US$ 1.27 million) will support three finfish and eight shellfish aquaculture projects in BC. The projects will improve the competitiveness of the Canadian aquaculture industry and encourage the development of innovative technologies and management techniques.

Recipients of the funding include: Bees Islets Growers, Island Scallops Limited, Island Sea FarmsNova Harvest Limited, Nootka Sound Shellfish, Aphrodite’s Garden, Mac’s Oysters, BC Shellfish Growers AssociationSable Fish CanadaBC Salmon Farmers Association and Taste of BC.

BC-150x150“The Harper Government is committed to supporting the sustainable development of Canada’s aquaculture industry, based on the best science available and within one of the most rigorous regulatory systems in the world,” said Minister Ashfield.

British Columbia’s aquaculture industry creates close to 6,000 jobs, resulting in CA$ 224 million (US$ 22.8 million) in annual wages.  About 740 aquaculture operations in BC produce salmon, other finfish and shellfish year-round, with a total harvested value of nearly CA$ 534 million (US$ 543.5 million).

See more at: http://www.dfo-mpo.gc.ca/media/npress-communique/2012/np-pr17-eng.htm