CHARLOTTETOWN - Ottawa, the Atlantic provinces and Quebec are putting just over $400,000 into the lobster industry.
The money will be used to develop a marketing strategy to come up with new markets for the industry.
The federal government will contribute $352,000, while the provinces will kick in a combined total of $65,000.
Federal Fisheries Minister Gail Shea made the announcement today in Charlottetown.
The marketing strategy is being developed with the industry and the two levels of government.
The industry has been plagued by prices so low that some fishermen tied up their boats in P.E.I. last year rather than go out.
Ottawa, provinces kick in money to help struggling lobster industry
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