Tor Bay Fisheries to construct innovative lobster holding facility
News release
New state-of-the-art system will allow company to extend operating season
June 9, 2021 · Tor Bay, Nova Scotia · Atlantic Canada Opportunities Agency (ACOA)
Investing in Atlantic Canadian small- and medium-sized businesses to become more competitive and innovative helps to create jobs and grow the economy. That is why the Government of Canada is supporting Tor Bay Fisheries Limited to build a live lobster holding facility that will increase its overall sustainability and extend seasonal employment opportunities.
Government of Canada supports Canso-based fishery
Mike Kelloway, Member of Parliament for Cape Breton-Canso, today announced a repayable contribution of $550,000 to Tor Bay Fisheries to assist with the construction of the lobster holding facility. The announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages.
Tor Bay currently holds live lobsters in an open water facility that experiences an increase in water temperatures during summer months. The new live lobster tanks will be temperature controlled, have advanced filtration systems, and will be energy efficient to create the best environment for the lobster. This will allow the company to extend its season, hire more people, explore export opportunities and sell more lobster.
Today’s announcement further demonstrates the Government of Canada’s commitment to help businesses innovate, grow, reach new markets and contribute to Atlantic Canada’s economic recovery.
Quotes
“Atlantic Canada’s fish and seafood industry creates significant employment and export opportunities for our coastal communities, and plays a vital role in Canada’s food stability. Supporting the growth of this important sector is one way the Government of Canada is investing to help the economy come roaring back.”
- The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for ACOA
“Making a living from the ocean has long been a part of Nova Scotia’s history and economy. The new live lobster holding tank will help Tor Bay Fisheries continue to provide jobs for people in the community, support local fishers, and turn a larger profit by being able to sell product throughout the year.”
- Mike Kelloway, Member of Parliament for Cape Breton-Canso
“This is an investment, not only in our company, but also in our community. It will help us greatly in our endeavor to provide local, sustainable seafood to our customers year-round. Tor Bay Fisheries has always relied on the hard work of our local community; this investment will ensure that the community can continue to rely on Tor Bay Fisheries as we move forward.”
- Thomas Grover, President, Tor Bay Fisheries Limited
Quick facts
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Tor Bay Fisheries Limited's lobster holding facility will accommodate 150,000 pounds of live lobster.
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The ability to hold product will allow Tor Bay Fisheries Limited to take advantage of market prices after the fishing season, creating additional revenues.
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Tor Bay currently has five full-time employees and this project will extend the length of employment for up to 12 seasonal workers.
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Funding for this project is provided through the Atlantic Canada Opportunities Agency's Regional Economic Growth through Innovation (REGI) program.
Contacts
Catherine Mounier-Desrochers
Press Secretary
Office of the Minister of Economic Development and Official Languages
Catherine.Mounier-Desrochers@canada.ca
Chris Brooks
Communications Director, Nova Scotia
Atlantic Canada Opportunities Agency
902-830-3839
Chris.Brooks@acoa-apeca.gc.ca
Thomas Grover
President
Tor Bay Fisheries Limited
902-525-2423
wtgroverfisheries@gmail.com
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