GOULDSBORO — A company planning to process lobster in the former Stinson Seafood plant is applying for a $500,000 federal grant to help renovate and equip the plant.
Officials with Maine Fair Trade Lobster LLC said the grant figure might change as the cost of the new operation in the village of Prospect Harbor is finalized.
Once the letter of intent to apply is approved by the state, the company then must demonstrate it can match the sought after Community Development Block Grant (CDBG) dollar for dollar.
In this case, the project is tentatively estimated at a minimum of $2.6 million for the current phase with the company providing at least $1.6 million of its own funding — far exceeding the required match.
Maine Fair Trade Lobster LLC plans to begin operations sometime between mid-May and mid-June and will hire 100 people initially, according to company spokesman Christina Ferranti.
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Jacqueline Weaver
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