May 14, 2026 · North East Point, Nova Scotia · Atlantic Canada Opportunities Agency (ACOA)
Atlantic Canadian businesses are modernizing to drive productivity and build resilience in a shifting global economy. By helping firms optimize supply chains and adopt the technologies they need to compete in new markets, the Regional Tariff Response Initiative (RTRI) is strengthening Atlantic Canada's industrial capacity and helping the region lead on the world stage.
Today, Jessica Fancy, Member of Parliament for South Shore - St. Margarets, announced federal investments totaling $2,150,000, through the Regional Tariff Response Initiative (RTRI), to support four businesses on Nova Scotia's South Shore.
These investments will support lobster processors as they modernize operations, adopt new technologies, expand capacity, and improve processes, helping strengthen productivity, supply chains, and market reach. Together, the projects will help support business growth, resilience, and jobs across the region.
The companies receiving support are:
· Hailmar Fisheries Limited, Osborne Harbour;
· Atlantic Coast Live Lobster Incorporated, North East Point;
· Fishermen's Premium Atlantic Lobster Incorporated, North East Point; and|
· Xsealent Seafood Company, Clark's Harbour.
For details, please see backgrounder.
Today's announcement demonstrates the Government of Canada's commitment to building a stronger economy to make life more affordable and helping Canadian businesses succeed in a more uncertain global economy. By investing in productivity, innovation, and stronger supply chains, firms are receiving support to adapt, modernize, and pursue new market opportunities.
This announcement was made on behalf of the Honourable Sean Fraser, Minister of Justice and Attorney General of Canada and Minister responsible for the Atlantic Canada Opportunities Agency.
