News Release

For Immediate Release

Federal Government Invests in Labrador fisheries

 August 13, 2021                      

The fishery sector is a significant economic driver creating good jobs and supporting communities across Labrador. In recognition of its importance, the federal government has contributed over $2.2 million in recent funding for Labrador fisheries.

This includes over $530,000 for equipment upgrades to improve productivity and adapt to challenges posed by COVID-19. To further support this vital industry in Labrador, $1 million has been invested to assist with market opportunities and business development within the sector.

In addition to this funding support, the federal government provided support for COVID-19 protocol implementation and safety equipment purchasing.

Quotes

“These investments are a welcomed sign of support for Labrador fisheries. This crucial sector creates good jobs for many communities and acts as a cornerstone to Newfoundland and Labrador’s economy. With this funding, fishermen can continue their hard work.”

Yvonne Jones, Member of Parliament for Labrador