The Coast Guard
The company hopes to buy and expand upon an existing Cape Sable Island lobster tank and pound to turn it into a processing facility that would hire between 60 and 70 people on a seasonal basis.
Erica Smith of Fishermen’s Premium Lobster Inc. will be one of the company officials to meet with economic development minister Graham Steele later this month. - File photo
[CAPE SABLE ISLAND, NS] - The proponents of a new lobster processing plant in Cape Sable Island will be meeting with the Economic Development Minister Graham Steele at the end of this month in an effort to leverage provincial funding for the project.
Members of the Fishermen’s Premium Atlantic Lobster Inc., a company born from a local fishermen’s association, hope to buy and expand upon an existing Cape Sable Island lobster tank and pound to turn it into a processing facility that would hire between 60 and 70 people on a seasonal basis.
The new company submitted a business plan to the province at the beginning of the month with the hope that more than 50 per cent of the capital costs would be covered.
Although born from the 1688 Professional Lobster Fishermen’s Association, company officer Erica Smith emphasized that the new company was a completely separate entity with its own board of directors.
While operated as a company, the operation would follow the cooperative principles say proponents.
If approved, the company hopes to purchase the property this fall and start lobster processing operations early in 2014.
The Municipality of Barrington is supporting the fledgling company’s efforts in principle.