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Cooke Aquaculture Innovating and Expanding Salmon Rearing Facilities

Oak Haven, NB – Atlantic Canada Opportunities Agency - The Government of Canada is committed to investing in Canadians’ futures, their communities, and their businesses. Investing in companies that are committed to innovation and growth fosters a thriving middle class and opens the country to new economic, social and environmental possibilities. It creates good jobs and improves the quality of life of all Canadians.
 
With support from the Government of Canada, Cooke Aquaculture is expanding its facilities and advancing its existing salmon breeding program. The investments will enable the company to expand its Oak Bay hatchery where it will develop and implement advanced genomics technology, building on its salmon breeding expertise. Government support will also help expand and modernize the company’s Johnson Lake hatchery facility, creating up to six new, highly skilled jobs.
 
Both expansion projects support innovation and productivity improvements in the aquaculture sector and are part of Cooke Aquaculture’s five-year plan to invest over $500 million in Atlantic Canada. The Government of Canada is providing contributions of more than $5.6 million to support these projects. 
 
Karen Ludwig, Member of Parliament for New Brunswick Southwest, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), along with Cooke Aquaculture CEO Glenn Cooke, made the announcement today.
 
The Government of Canada is making smart investments that create good, well-paying jobs in our country. It is helping Atlantic Canadians develop and bring to market new products and services that lead to market success, help grow strategic sectors, or lead to the creation of research and commercialization partnerships. Support for these projects is one way the Government of Canada is working to achieve its Atlantic Growth Strategy outcome of long-term economic prosperity in the region. 
Source : Government of Canada