N.S. lobster businesses to receive more than $2M from federal government

A lobster is shown in a trap in Port Mouton, N.S., in this undated handout photo. THE CANADIAN PRESS/HO - Inka Milewski

The federal government will spend more than $2 million to support four Nova Scotia lobster businesses.

Jessica Fancy, MP for South Shore-St. Margarets, announced the funding through the Regional Tariff Response Initiative.

In total, $2,150,000 will be spent to support lobster processors as they modernize operations, adopt new technologies and expand capacity to strengthen productivity, supply chains and market reach, according to a news release from the government.

The companies receiving funding are:

• Hailmar Fisheries Ltd., Osborne Harbour, $750,000
• Atlantic Coast Live Lobster Inc., North East Point, $700,000
• Fishermen’s Premium Atlantic Lobster Inc., North East Point, $650,000
• Xsealent Seafood Company, Clark’s Harbour, $50,000.

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