Cooke Lands $5.6M in ACOA Funds To Upgrade And Expand N.B. Hatcheries
Cooke Aquaculture announced plans Friday to expand and upgrade its hatcheries in southern New Brunswick with about $5.6 million in funding from the Atlantic Canada Opportunities Agency.
According to a statement, the funding and upgrades are part of Cooke Aquaculture’s five-year plan to invest $500 million in Atlantic Canada.
Cooke will use $3 million from ACOA’s Regional Economic Growth through Innovation program to expand and create up to six new skilled jobs at the company’s Johnson Lake hatchery.
Just over $2 million from the Atlantic Innovation Fund – which lends money for major research projects – will go to expansion at the Oak Bay hatchery. The expansion will allow the company to continue to develop its salmon breeding expertise with marine genomics technology.
Read more about this story in Entrevestor.