Consultants Forum Advertise
Subscribe
Area Development Magazine Current Issue

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development

Seafood Company Investing $10M, Creating Jobs in New York

02/20/2009
Local Ocean, LLC, a manufacturer and distributor of farmed seafood products, will invest $10.7 million to establish a fish farming operation in Greenport, New York, near Albany, according to state economic development officials. The company will hire 53 new full-time employees and seven contract employees as part of the project. Local Ocean is a joint venture between the Sanit Group of New York and Grow Fish Anywhere, an Israel-bsed company, which will provide the fish farming technology. "As a part of a growing industry, our project aims at replacing fish imports, generating aquaculture know-how, and creating employment in the U.S." says Efraim Bason, Local Ocean's CEO, who says he chose the location in part due to the "welcoming, team-working attitude and open-minded approach" of the community and local governments. The company has been offered incentives that include a $175,000 grant from the state.

Podcast

Episodes
Apple Podcasts Spotify

Magazine

Issues
Area Development Magazine Q2 2026
Q2 2026

Receive quarterly issues of Area Development Magazine at no charge for qualified executives and consultants to industry.

Exclusive Research