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Innovation Rebate Program: Choosing to invest in Nova Scotia for Growth

The Innovation Rebate Program is a five-year pilot program designed to encourage Nova Scotia companies to make significant capital investments in their operations, helping to make them more competitive and strengthen their presence here at home. This incentive encourages the private sector to take the lead in generating increased value for the province’s export operations.

A.F. Theriault & Son Ltd.

 Meteghan River

Export operation: A.F. Theriault & Son Ltd. is Nova Scotia’s oldest and largest family-owned shipyard. The company is proceeding with a $6.65-million total capital investment to expand capacity by upgrading its marine railway, modifying its yard facilities, and purchasing new equipment all to help increase capacity and export sales from its facility in Meteghan River, Nova Scotia.

In particular, the company will expand its marine railways capacity to 1500 tonnes, up from its current 600 tonnes. This improvement opens new markets for A.F. Theriault to produce larger boats. As well, the company will be able to work on multiple projects at the same time.

How Nova Scotia is supporting this investment: An Innovation Rebate of $1,536,877.

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Funding Disclosures

June 19, 2018

Nova Scotia Business Inc. (NSBI) has approved an innovation rebate for Agropur Cooperative, a North American dairy industry leader with a complete line of dairy products.

Nova Scotia Business Inc. (NSBI) has approved an innovation rebate for Scotian Gold, a grower-owned tree fruit cooperative that stores and packs more than 50 per cent of the province's apple production.

April 11, 2018

Nova Scotia Business Inc. (NSBI) has approved an Innovation Rebate for A.F. Theriault & Son Ltd., Nova Scotia’s oldest and largest family-owned shipyard.

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