Province Funds Aquaculture Research And Development
McGuinty Government Supports Freshwater Industry
The aquaculture industry in the North is undertaking a major research and development project aimed at expanding the sector throughout Northern Ontario.
The Northern Ontario Aquaculture Association has launched a three-year initiative aimed at developing better technology, increasing consumers markets and introducing value-added products that will help fish farming grow as an economic force in the North. The Northern Ontario Heritage Fund Corporation (NOHFC) is investing $342,000 in the project.
- Aquaculture is the commercial farming of fish. The first private aquaculture operations in the North, for the production of rainbow trout, were established in 1986 on Manitoulin Island and near Parry Sound.
- The aquaculture industry in Ontario generates almost $51 million in annual sales and supports 229 full-time jobs.
“By investing in this kind of research our government is helping strengthen the industry and maximize the beneficial impacts of aquaculture on the northern economy.”
“The aquaculture industry in Northern Ontario has strong foundations in Algoma-Manitoulin. I’m pleased we are helping this economic sector grow stronger.”