May 13, 2016 — ST. GEORGE, Maine — A seafood processing plant that opened less than four years ago with the hope of bolstering the lobster industry is closed and up for auction.
Sea Hag Seafood’s plant and 7.5 acres of waterfront property at the mouth of Long Cove in Tenants Harbor will go up for auction on June 17.
Kyle Murdock opened the plant in September 2012 when he 23. The project’s financing included a nearly $1.7 million loan from Camden National Bank and a $400,000 grant through the Maine Department of Economic and Community Development.
The grant money was provided to the company after it created 23 jobs for low- and moderate-income workers and after it met the terms of the federal program, said Maine DECD spokesman Douglas Ray. The town of St. George had sponsored the grant application but the town will not be liable for any repayment because the jobs were created.