Fish bait processing facility in Nicaragua The applicant, Killer Bee Bait Inc. was founded in 1999. Core business is the production and distribution of frozen and shelf-stable fish bait. Killer Bee Bait Inc. purchases and processes most of its own fish bait products and sells the products under their brand name.The local partner, Alimentos Industriales De Nicaragua S.A, was established in 1996 as a Business - Business food company. Now the focus is on the operation of fishing fleets and exporting fresh fish by plane to the USA. 100 independent fishermen are also supplying to Alimentos Industriales De Nicaragua S.A, who wants to diversify its business in order to create long-term growth opportunities.In order to establish a steady supply of high quality and reasonable priced fish bait, and to meet growing demand, Killer Bee Bait Inc. wants to outsource fish bait outside of the USA, but within the proximity of its consumer market. In the Nicaraguan RAAS province waters the required fish bait species are available.The project will be implemented in two locations, in Bluefield fishermen will be responsible for supplying the fish bait species. In Managua the HACCP certified production facility for processing fish species into fish bait will be established. After processing, the bait will be exported by road and sea to the USA.A joint venture will be set up by both partners.The production of natural fish bait for the export market is a completely new activity in Nicaragua. The production facility is new and the product is new. All value-adding activities will take place in Nicaragua. The applicant will introduce new knowledge on fish processing technology into the country. Furthermore, 53 new jobs will be created and 150 independent fishermen will generate an additional income of USD 216 per month.Corporate Social Responsibility (CSR)The production facility in Managua will be HACCP certified. Social standards at the joint venture will be well above average in Nicaragua. Environmental impact of the project will be limited as the processes will be a close loop process of which the whole chain is controlled by the joint venture. Ice water used in the production process is deposited according to regulations. Workplace conditions and hygiene will be according to industry standards.Impact•	Employment and working conditionsSalaries are significant higher than minimum wages and a reasonable package of secondary benefits is offered. Employees will receive extensive training to implement the jobs.•	Innovation / Transfer of knowledgeThe production of natural fish bait for export is new in Nicaragua. The project has a positive impact on 150 local fishermen who can earn an additional income. The production method is new and the production facility will be HACCP certified.•	Chain effectsThe impact on local suppliers of raw materials is high. 150 independent fishermen receive training and can supply to the joint venture. For the fishermen this means an additional income per month.Also, other suppliers benefit from the project; the material for packing will be purchased locally and transport companies are hired for transport to the harbour in Honduras.•	Impact on the sectorThe joint venture will cooperate with NGOs to promote schooling for children. Also, cooperation with universities will be started to offer internships in order to create transfer of knowledge.For other commercial parties an open day will be organised on both locations to support the development of the fishing industry in Nicaragua.•	EnvironmentProcessing and production will be according to national legislation.•	Position of women50% of the employees will be female, both on basic-level as on medium-/high-level. Also, 40% of the suppliers will be female. The aim of the project is to establish the first fish bait production facility in Nicaragua with the capacity of processing 700,950 pounds of fish species per year into 1,330,000 value-added units of final fish bait for American recreational fishers.