Tag Archives: Kyle Murdock

Sea Hag Seafood’s lobster processing plant shuttered, up for auction

10036241_H8349713-600x387A seafood processing plant that opened less than four years ago with the hope of bolstering the lobster industry is closed and up for auction. Sea Hag Seafood’s plant and 7.5 acres of waterfront property at the mouth of Long Cove in Tenants Harbor will go up for auction on June 17. Kyle Murdock opened the plant in September 2012 when he 23. The project’s financing included a nearly $1.7 million loan from Camden National Bank and a $400,000 grant through the Maine Department of Economic and Community Development. The grant money was provided to the company after it created 23 jobs for low- and moderate-income workers and after it met the terms of the federal program, said Maine DECD spokesman Douglas Ray. The town of St. George had sponsored the grant application but the town will not be liable for any repayment because the jobs were created. Efforts to reach Murdock on Wednesday and Thursday by telephone and email were unsuccessful. Read the story here 19:46

Kyle Murdock, Sea Hag Seafood – A Word With the Boss: Family’s question inspires Maine lobster processor

Kyle Murdock, 24, attended Worcester Polytechnic Institute before dropping out to start Sea Hag Seafood in 2010, a lobster processing company in St. George. In October, Murdock was named one of eight international winners of the Hitachi Foundation’s Yoshiyama Young Entrepreneur’s Program, which provides a $40,000 grant and business development and mentoring assistance. Sea Hag Seafood has about 65 employees during the height of processing season in August. Murdock said his company ships roughly 1 million pounds of lobster a year, with revenues of about $10 million annually. His annual salary is about $40,000. [email protected] 10:12

Founder of Maine lobster processor wins national entrepreneurs award

Kyle Murdock, founder of Sea Hag Seafood, a lobster processing facility in St. George, is among five recipients of the 2013 Yoshiyama Young Entrepreneurs award. [email protected]  13:31