Erica Smith, president and co-founder of Fishermen’s Premium Atlantic Lobster Inc.
A newly formed lobster company will make a pitch to fishermen and community members to become investors on Thursday, Sept. 19, at the Barrington Lions hall.
Erica Smith, president and co-founder of Fishermen’s Premium Atlantic Lobster Inc. says the goal of the meeting is to explain the project and how it will impact our fishermen and communities in a positive way
“We will also be selling shares to fishermen,” she said.
Born from a local fishermen’s association, the company hopes to buy and expand upon an existing Cape Sable Island lobster tank and pound to develop it into a processing facility that would hire 80 people.
The new company submitted a business plan to the province earlier this summer.
Although born from the 1688 Professional Lobster Fishermen’s Association, she emphasized that the new company was a completely separate entity with its own board of directors. Smith said the company would be a community driven project and be operated much like a cooperative.
Company directors say currently, millions of pounds of Nova Scotia lobsters are exported to the processing plants in New Brunswick each year and say it’s time for the Nova Scotia to have adequate facilities to be able to handle and process its own lobsters.
The company has submitted their business plans to ERDT, (Economic and Rural Development and Tourism) and is asking the province for a financial contribution. The company is waiting to hear from ERDT.
They have also met with representatives of the Liberal’s and Progressive Conservative parties.
“It is time for our communities to prosper once again, like they always did,” said Alton Smith, company director and co-founder.
“We harvest a beautiful abundance resource here, but the negative side to that is we are not being innovative in our thinking or businesses. We could be manufacturing many different lobster products right here in Nova Scotia, creating sustainable economical long-term growth in our province,” said Smith.
The meeting in Barrington will start at 6:30 p.m.