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Incentives for Local Shrimp Farming Introduced at Legislature

Incentives for Local Shrimp Farming Introduced at Legislature Photo: KSTP/Theresa Malloy

March 15, 2017 06:14 PM

Locally-sourced shrimp could be a possibility in Minnesota if a new bill makes progress in the State Legislature.

Rep. Chris Swedzinski, R-Ghent, has authored a bill providing tax incentives to entrepreneurs interested in shrimp farming.

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The bill was introduced in the House Agriculture Policy Committee during a Wednesday hearing, and it would give short-term tax incentives to help with start-up costs.

Swedzinski said citizens in his district are interested in the business venture, but have found startup costs are prohibitive.

"We're looking to build a whole new industry of agriculture in Minnesota, one that uses local commodities and creates very good jobs," Swedzinski said in a press release. "It is exciting that our state could be at the forefront of the shrimp market by creating facilities unlike any other the world has seen -- right here in our back yard."

Asian countries and Ecuador are top suppliers of shrimp in the U.S., according to the National Oceanic and Atmospheric Administration.

"Some of the places around the world where our shrimp come from today are pretty sketchy," Swedzinski said. "It would be to our benefit to have good, clean, locally-sourced shrimp right here in Minnesota. Having proper oversight and 21st century farms in our state would be a great thing for consumers. We could produce the world's best tasting shrimp and, at the same time, create hundreds or even thousands of jobs by developing whole new agricultural market."

Fore more information on the bill, H.F. 1120, click here

Credits

Theresa Malloy

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