trū Shrimp steps back from plans to build shrimp harbor in Luverne; instead moves first harbor to Madison, S.D.
LUVERNE — Less than three months after Balaton-based trū Shrimp Company reaffirmed its commitment to build its first ever shrimp harbor in Luverne, the company officially announced Friday its plans to temporarily pull out of the southwest Minnesota community to instead build the first shrimp harbor across the border, in Madison, S.D.
Michael Ziebell, trū Shrimp’s president and CEO, stated in a press release issued Friday that the company encountered a state regulatory challenge that could not be addressed in a timeframe needed to meet trū Shrimp’s commercialization goals.
“There are several reasons why we are building our initial harbor in South Dakota, but, importantly, this location immediately provides the economic and regulatory conditions that allow us to pursue our goals,” Ziebell said.
Luverne Mayor Patrick Baustian released the following statement following the tru-Shrimp announcement: “Although the City of Luverne is disappointed in the delay of constructing the Luverne Bay Harbor, we are committed to working alongside trū Shrimp and the State of Minnesota to shape public policies to reduce state regulatory roadblocks. The City of Luverne stands ready to facilitate the construction of the second trū Shrimp harbor in Luverne in three years.
“The State of Minnesota has invested $1.982 million in public infrastructure to support the Luverne Bay Harbor. We will continue to assist trū Shrimp by working with the State of Minnesota to support the development of this industry in Luverne and the State of Minnesota.”
For more on this story, see Saturday's print edition and look for an update at dglobe.com.