Escuminac area fish and seafood processors get support from the Canadian Seafood Stabilization Fund

March 26, 2021 · Escuminac, New Brunswick · Atlantic Canada Opportunities Agency (ACOA)

Atlantic Canada’s fish and seafood sector has faced significant challenges and financial hardship since the downturn in the economy due to COVID-19. That is why the Government of Canada is helping fish and seafood processors navigate these difficult times with support through the Canadian Seafood Stabilization Fund.

An initiative of Fisheries and Oceans Canada, the $62.5 million fund is being delivered by three of Canada’s Regional Development Agencies. ACOA is delivering $42.7 million in Atlantic Canada.

Today, Pat Finnigan, Member of Parliament for Miramichi-Grand Lake, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for ACOA, announced total investments of $1,454,544 for four projects. The funds will help fish and seafood processors in Escuminac, Hardwicke and Pointe-Sapin weather the pandemic and prepare for a strong economic recovery, so that their communities can continue to thrive.

Baie Ste. Anne Seafoods (2014) Inc.                                                                 $636,631
Non-Repayable
Hardwicke, New Brunswick
To provide support for equipment and modifications to the plan to ensure physical distancing and meet public safety requirements.                                                                                                                                       

Raymond O’Neill & Son Fisheries Ltd.                                                             $89,663
Non-Repayable
Escuminac, New Brunswick
To support expenditures that are directly COVID-related, including thermometers, PPE, incremental labour such as additional cleaning and sanitizing, health and security, storage and product containers to ensure staff distancing.

Raymond O’Neill & Son Fisheries Ltd.                                                             $169,500
Repayable
Escuminac, New Brunswick
To relieve pressure related to the cost of new equipment to address challenges related to COVID-19 within operations.

11656520 Canada Inc. (Pointe-Sapin Seafoods)                                            $558,750
Non-Repayable
Pointe-Sapin, New Brunswick
To provide support for equipment and modifications to the plant to ensure physical distancing and meet public safety requirements.

Related products

News release: Government of Canada investment helping the fish and seafood sector in Escuminac area remain strong 

Associated links

• Backgrounder: COVID-19: Canadian Seafood Stabilization Fund launches on June 22, 2020
• Canada’s COVID-19 Economic Response Plan
• Coronavirus disease (COVID-19)
• To find out more about ACOA programs and services, please visit the ACOA website