Aquaculture in the Coast of Bays
region is a multi-million dollar industry with established markets and exciting investment
potential. The marine environment of the Coast of Bays is perfect for farming
several species of shellfish and finfish. Sheltered bays, inlets and freshwater lakes
offer protected areas for cages and suspended gear culture. The region also has the
warmest marine water temperatures in the Province.
Not only does the Coast of Bays offer a wealth of aquatic resources, but its strategic
geographic location also gives an advantage for trading with Iceland, the European Union
and the French islands of St. Pierre and Miquelon. The Gander International Airport
affords aquaculture companies a fast and efficient channel to international markets.
Infrastructure for this industry is being upgraded and many supplies and services are locally
available. Our superior environmental conditions, availability of expertise
and strong support services make the climate ripe for continued growth. Aquaculture spins
off support industries such as secondary processing, diving, waste management, composting and feed
production that offer significant potential for development. An open invitation is extended
to entrepreneurs to invest in this flourishing industry.
