Funding from the state has been approved for Grafton, so it's full speed ahead in the construction of a fish processing plant. The plant will utilize $1.4-million of a $1.9-million low-interest loan for the plant, with the other half-million to be used for infrastructure at the industrial park where it is being built. The approval means the agreement with Chinese investors can proceed as planned.
The agreement calls for the plant to harvest and ship between 30 and 40 million pounds of the fish over the course of a three year contract. Grafton Mayor Tom Thompson is pleased the nuisance in area waterways will be sold back to the country where it is considered a delicacy.
American Heartland Fish Products LLC of Grafton, Falcon Protein Products from Birmingham, Alabama and the Chinese Group are the partners in the deal. The city is also receiving grant money that will assist in the dredging of the river in order to get the Grafton Ferry back in business, and for land acquisition targeting property that was affected in the flood of 2008.