Cape Seafoods nets nearly $500K to grow and diversify

September 16, 2022 New England

The company has received a $395,542 loan from the CARES Act Revolving Loan Fund and an $86,458 equipment loan from MassDevelopment, the agency said in a prepared statement. Cape Seafoods’ sprawling Atlantic mackerel and herring processing plant, cold storage facility and wholesale bait shop dominate much of the Everett R. Jodrey State Fish Pier where Western Sea Fishing’s midwater trawlers FV Endeavour and FV Challenger are tied up. Western Sea Fishing is Cape Seafoods’ fishing partner. With the funding, MassDevelopment said Cape Seafoods plans to create an additional eight full-time jobs and 10 part-time jobs over the next three years. The company will use the funding to build and equip a new seafood processing room enabling it to process groundfish such as flounder, hake, halibut, and cod. >click to read< 10:37

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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