A niche manufacturing company in Springhill is strengthening its roots in rural Nova Scotia.
W.R. Benjamin, a manufacturer of residential heating products, is investing in its oil and wood burner product line by developing technology for a new, energy efficient electric boiler.
The province, through Nova Scotia Business Inc. (NSBI), has partnered with W.R. Benjamin, signing a maximum $124,250 payroll rebate. W.R. Benjamin will earn the rebate as it achieves performance targets tied to productivity and staffing.
"W.R. Benjamin’s project will improve its competitiveness in export markets and strengthen its productivity," said Economic Development Minister Angus MacIsaac. "Strong companies don’t just happen – they are built by investing in innovative products, processes, and people."
As a niche manufacturer, W.R. Benjamin is committed to maintaining its 6 full-time positions over the next four years. It also plans to add up to 15 new jobs as it positions itself for more opportunities in the changing market place.
"Competitiveness through quality is our number one priority," said Stephen Benjamin, president of W.R. Benjamin. "We are excited to expand our product offering in the world market from our home base in Springhill."
W.R. Benjamin exports its products throughout Canada and parts of the United States.
For companies committed to using their funds for at least 20 per cent of project costs, the payroll rebate may be used as an additional investment to promote improvements in competitiveness through export markets and the retention of employment.
"W.R. Benjamin is taking action in improving its competitiveness, investing its own money, and we are helping the company to see its plan through," said Stephen Lund, president and CEO of NSBI. "W.R. Benjamin is a true leader, and NSBI is pleased to partner in its growth."
Nova Scotia Business Inc. is Nova Scotia's private sector-led business development agency. NSBI is the investment attraction arm of the province and helps businesses in Nova Scotia meet growth potential through advisory services, trade development, financing and venture capital.
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