US (ME): Private equity firm plans new hydroponic farm

A private equity firm that failed to restart a Maine paper mill is working on developing a fish farm for the Maine town of Standish.

Portsmouth, New Hampshire-based Cate Street Capital says it is backing two entrepreneurs who want to create a hydroponic fish farm on the campus of St. Joseph's College in Standish. The Bangor Daily News reports the entrepreneurs' company, Organic Nutrition Inc., began construction on a Florida headquarters in October.

The Maine facility is planned for construction in 2018.

Read more at US News

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