The provincial government is lending a Queens County business half a million to help them restructure.
Blue Wave Seafoods Inc., a fish processor and exporter, employs nearly 70 full and part-time staff at its facility in Port Mouton.
The province is lending Blue Wave Seafoods $500,000 in working capital as the company restructures to achieve long-term sustainability. The loan is fully repayable over 10 years.
Blue Wave Seafoods processes and exports its products, primarily silver hake, across Canada, the United States and Europe.
Fish and seafood is one of the largest food commodities exported by Canada. Nova Scotia is Canada's third largest exporter of fish and seafood, with exports valued at about $922 million in 2012.
The Nova Scotia Jobs Fund pursues investment opportunities for communities in transition, industry sectors, regional support, small business programs, infrastructure and large industrial ventures.