Supercluster on a mission to increase value of Canada’s marine economy

“In the midst of the global pandemic, when it seems the world is standing still, people and businesses are still focusing on the future.

One group is playing a big role to help companies and entrepreneurs build ocean-based business ideas that will create jobs and bring new money to the economy.

Canada’s Ocean Supercluster, born in 2018 from a marriage of private investors and government funding and based in Atlantic Canada, is setting out to increase the value of this nation’s ocean economy by $14 billion and 3,000 new jobs over the next 10 years.

Ocean industries in Canada contribute about $30 billion a year to the economy and make up 1.5 percent of the country’s gross domestic product.

Kendra MacDonald, chief executive officer of the Ocean Supercluster, said the goal is to build ocean enterprises to three percent of GDP, putting Canada on par with the average for marine industries in other countries.”