July 16, 2010
SHIPPAGAN (CNB) - The provincial government is providing financial support aimed at ensuring the ongoing development of the aquaculture industry on New Brunswick's east coast.
"Aquaculture is an important industry in New Brunswick and has become the cornerstone of the economy in a number of communities," said Ouellette. "The investment announced today shows our government's ongoing commitment to helping this industry achieve its full potential."
The provincial government is investing $798,000 in the Coastal Zones Research Institute, located in Shippagan, to support operating costs as well as research activities that focus on three main components: aquaculture, marine products, and peat. This contribution comes from the Department of Agriculture and Aquaculture, the Regional Development Corporation, and the Department of Natural Resources.
Ouellette also announced funding of $184,000 to support various research projects benefiting New Brunswick's east coast aquaculture industry. These activities are designed to support the development or evaluation of production techniques and equipment. This contribution is expected to generate investments of more than one million dollars.
New Brunswick is the second largest aquaculture producer in Canada, with $198.2 million in farm gate receipts and annual sales of value-added products totalling $329.6 million in 2008.
The list of research projects is available on the department's website.
MEDIA CONTACT: Gisèle Regimbal, communications, Department of Agriculture and Aquaculture, 506-444-4218.