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  • Innovation Rebate Program Disclosures - 2018/19

Innovation Rebate Program Disclosures - 2018/19

Tuesday, October 16, 2018

The following Innovation Rebate Program incentives were announced during the fiscal year of 2018-19.

October 16, 2018

Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of an innovation rebate for B.R. Printing Plates Company Limited, also known as Maritime Labels and Packaging.

Founded in 1970, the company has been providing product labels and other services to small and medium-sized business clients - many who have grown as exporters and rely on strong product labelling such as Nova Scotia wine producers, craft brewers and other businesses.

B.R. Printing Plates Company Limited is taking new steps to innovate and increase its services to additional clients and markets outside Nova Scotia. The Bedford-based company is proceeding with a $2,161,338 total capital investment to update its label making and processing equipment. This will be done through the acquisition of updated equipment in offline finishing, shrink sleeves, flexographic plate making, core cutting and a digital printing press.

New equipment will allow the company to increase efficiency with faster production processes, reduce waste, and increase production capacity to enter new markets.

The company is eligible to earn a maximum innovation rebate of $540,335 upon completion of its project, based on eligible capital spending of $2,161,338.

 

July 17, 2018

Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of an innovation rebate for Kohltech International Limited.

Kohltech International Limited designs and manufactures high quality and energy efficient windows and entrance systems.

The Debert-based company is proceeding with a $5,365,164 total capital investment to increase the capacity of their insulated glass fabrication line. This will be done through the implementation of a secondary glass cutting machine along with the infrastructure to support its addition. This new machine will use new technology to detect imperfections and improve safety and efficiency. They will also be introducing CNC equipment in their coatings and entrance door facilities to increase capacity and competitiveness.

The company is eligible to earn a maximum innovation rebate of $843,388 upon completion of its project, based on eligible Nova Scotia capital spending of $3,373,552.


July 10, 2018

Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of an innovation rebate for Oxford Frozen Foods.

Oxford Frozen Foods is the world’s largest supplier of quality frozen wild blueberries and Canada’s premier processor of frozen carrot products.

The Oxford-based operation is proceeding with a $2.82 million total capital investment to implement state of the art product sorting equipment, using digital and visual systems, to provide enhanced sorting capabilities and increase production capacity.

The company has been approved for a maximum rebate of $702,205 upon completion of its project, based on eligible Nova Scotia capital spending of $2.80 million.


June 19, 2018

Nova Scotia Business Inc. (NSBI) has approved a new business development incentive in the form of an innovation rebate. Agropur Cooperative is a North American dairy industry leader, with a complete line of dairy products.

The Truro-based operation will use the rebate to create an innovative production line, novel to the national ice cream market in Canada.

The company is eligible to earn a maximum innovation rebate of $1,843,776 through NSBI once the project is completed within three years, based on eligible Nova Scotia capital spending of $7.37 million.


Nova Scotia Business Inc. (NSBI) has approved a new business development incentive in the form of an innovation rebate. Scotian Gold is a grower-owned tree fruit cooperative that stores and packs over 50 per cent of the province's apple production.

The company is based in Coldbrook, King’s Co. and plans to expand its storages with new technology, equipment and software in order to increase fruit quality and extend the marketing season. 

The company is eligible to earn a maximum innovation rebate of $477,333.00 through NSBI once the project is completed within three years, based on eligible Nova Scotia capital spending of $1.78 million.


April 11, 2018

Nova Scotia Business Inc. (NSBI) has approved an Innovation Rebate for A.F. Theriault & Son Ltd. The Innovation Rebate Program incents companies located in Nova Scotia undertaking capital investments to increase their competitiveness in global markets.

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.

A.F. Theriault & Son has been approved for a maximum rebate upon completion of its project of $1,536,877 based on eligible Nova Scotia capital spending of $6,650,000.


Quick facts

  • The Innovation Rebate Program was developed in consultation with Nova Scotia companies.
  • The Innovation Rebate Program provides financial incentives on projects that enable a company to increase innovation capacity through private-sector capital investments or adoption of new technologies and business processes.
  • The program provides a 25 per cent rebate based on eligible project costs, as defined in the Innovation Rebate Program Guidelines.
  • The total project cost must be between $2 million and $15 million. The maximum amount of eligible project costs to which the IRP rebate will be applied is $15,000,000.
  • The maximum rebate amount for an eligible project, including related parties, cannot exceed $3,750,000 over a 24-month period.
  • The Innovation Rebate works as a rebate against a company’s direct costs, and is only paid out once the project is complete.

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