SHEDIAC (GNB) – Shediac Lobster Shop Ltd. is expanding its operations and creating up to eight new jobs, with support from the provincial government.

“Enabling New Brunswick companies to continue to grow and succeed is an important component of your government’s multi-year economic growth plan,” said Shediac-Beaubassin-Cap-Pelé MLA Victor Boudreau. “The Shediac Lobster Shop is a great example of a company putting New Brunswick on the map. We are pleased to see it continue to succeed and export products around the world.”

Boudreau attended for Economic Development Minister Francine Landry, who is also minister responsible for Opportunities NB.

The third-generation lobster processing facility has been operating in Shediac since 1952. It employs more than 230 people.

“Shediac Lobster Shop would like to thank the Government of New Brunswick, through our partnership with Opportunities NB, for supporting investments in seafood processing innovation,” said Gilles Maillet, co-owner. “Continual investment in mechanization for the lobster industry will allow us to expand and serve new export markets. The lobster industry is a major economic driver for New Brunswick, and we are proud to be industry leaders in Canadian lobster processing.”

The company has embarked on a capital expansion totalling nearly $1 million. This includes the purchase of new equipment and facility upgrades. The company also plans to hire up to eight new employees, which will contribute about $332,072 to the province’s GDP and generate $14,200 in provincial income taxes annually once all the positions have been created.

To support the project and the creation of up to eight new jobs, the company is eligible for a non-repayable contribution of up to $88,000 from Opportunities NB, which is a Crown corporation that seeks to attract and support opportunities to grow the economy and create jobs.

Shediac Lobster Shop Ltd. specializes in processing cold water Atlantic lobster products, and has recently entered the live lobster market. The company exports to clients in Canada, America, Asia and Europe.