BREAKING: Cooke Aquaculture Expanding In Shelburne

The province is lending $25-million to Cooke Aquaculture to expand its operations in Shelburne, Digby and Truro. The provincial government says in a release that $16-million of the loan will bear interest, but the remaining $9-million will be forgivable through the Nova Scotia Jobs Fund and jobsHere. Cooke plans to spend $150-million itself on the expansion, which is already underway. The provincial government says the money will create more than 400 jobs, including 320 positions in Shelburne County. Cooke is opening a fish processing plant in Shelburne, building a new salmon hatchery in Digby, and expanding a feed mill in Truro.