Oyster company receives $205K to fund expansion
Money will be used to purchase new oyster grading and aquaculture equipment
An expansion at the Raspberry Point Oyster Co. is expected to increase its annual sales of oysters by one million — or about 22 per cent.
The federal and provincial governments are giving the company $205,000 to help fund the expansion. The money will be used to purchase new oyster grading and aquaculture equipment.
"The purchase of this new equipment will certainly aid in us being able to grow and grade and process more oysters to supply opening markets both nationally and internationally," said James Power, Raspberry Point's general manager.
According to a press release, Raspberry Point has more than 20 years experience harvesting oysters and offers clients over six brands of oysters.
Ron MacKinley, P.E.I.'s Minister of Fisheries, Aquaculture and Rural Development, says the investment will help the Island oyster industry.
“Prince Edward Island continues to be recognized around the world for our high quality seafood products, including oysters," he said in a statement. "These investments will ensure Raspberry Point Oysters (sic) Co. is able to expand their presence in the national and international marketplace and support the Island oyster industry.”