Innovation Rebate Program Disclosures - 2020/21
Tuesday, March 23, 2021
The following Innovation Rebate Program incentives were announced during the fiscal year of 2020-2021.
Tuesday, March 23, 2021
Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a Small Medium Enterprise Innovation Rebate.
ABCO Industries Inc. is a world-class supplier and manufacturer of engineered metal products for: food machinery, marine, environmental, and industrial fabrication.
The company, based in Lunenburg, Nova Scotia, is adopting new processes to enable the modernization of its facility and equipment. ABCO is investing in laser cutting equipment and automated material handling solutions to increase productivity and export capacity. This is the first of many advanced manufacturing technologies which ABCO has planned to improve its manufacturing capabilities.
The company is eligible to earn a maximum innovation rebate of $308,070 through NSBI once the project is completed, based on eligible Nova Scotia capital spending of $1,877,400.
Media Contact:
Colin Ross
Tel: 902-634-8821
Email: colin@abco.ca
Tuesday, March 16, 2021
Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a Small Medium Enterprise Innovation Rebate.
Shaw Precast Solutions is a division of The Shaw Group Limited and part of the company’s 160 years of business in Nova Scotia. Located in Lantz, Nova Scotia, Shaw Precast Solutions has been providing high quality concrete bridge spans, pipes, and other form-work concrete products for contractors throughout Atlantic Canada since 1945. The company is an Eastern Canadian leader in manufacturing and employment for the region.
Shaw Precast Solutions has identified a need for a state-of-the-art automated rebar bending and cutting machine. This rebar machine, supported through the SME IRP program, will streamline the automation of the majority of rebar sizes used in precast and general building construction. The purchase of the new technology will enable the company to increase its manufacturing capacity and enter new export markets.
The company is eligible to earn a maximum innovation rebate of $112,500 through NSBI once the project is completed, based on eligible Nova Scotia capital spending of $450,000.
Media Contact:
Allan Horsburgh
Tel: 902-483-2997
Email: ahorsburgh@shawgroupltd.com
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Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a Small Medium Enterprise Innovation Rebate.
Established in 2011, Canso Seafoods Limited operates a seafood processing plant in the rural coastal community of Canso, Nova Scotia. The main seafood products processed at the plant are cooked and frozen lobsters and whole cooked and frozen snow crab. Canso Seafoods exports its products primarily to the United States and China.
The project at Canso Seafoods will include an upgrade to existing infrastructure to increase productivity and manufacturing capacity, in order to diversify its range of products and develop new export markets in Europe and Asia. Through the SME IRP, Canso Seafoods will purchase custom built equipment including steam cookers and energy efficient freezers to diversify product lines and increase the company’s productivity.
This project will not only result in new product lines and export markets, but more importantly will confirm the company's and its owners', Jim and Lori Kennedy, commitment to the community of Canso and its valued and hard-working employees. This project will ensure continued additional employment opportunities for the Canso community.
The company is eligible to earn a maximum innovation rebate of $477,609 through NSBI once the project is completed, based on eligible Nova Scotia capital spending of $1,910,436.
Media Contact:
Damien Barry
Tel: 902-565-0072
Email: damien.b@louisbourgseafoods.ca
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Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a Small Medium Enterprise Innovation Rebate.
East Coast Metal Fabrication is a custom structural fabrication company owned and operated in Atlantic Canada.
The company is based in Edwardsville, Cape Breton, Nova Scotia and plans to update their fabrication facility through the modernization of equipment. East Coast Metal Fabrication will be purchasing two new robotic machines: a Beamcut plasma robot and a wheel blasting machine.
The company is eligible to earn a maximum innovation rebate of $423,750 through NSBI once the project is completed, based on eligible Nova Scotia capital spending of $1,695,000.
Media Contact:
Joe Hines
Tel: 902-574-4794
Email: joe@ecmf.ca
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Tuesday, March 9, 2021
Invest Nova Scotia (INS) has an agreement with SureShot Solutions in the form of an innovation rebate.
A.C. Dispensing Equipment Inc., operating as SureShotSolutions, is a leader in the dispensing industry. Founded in 1985 and located in Lower Sackville, NS, SureShot has built a reputation on innovation and advancing solutions for their customer’s dispensing challenges. The company continues to develop next generation technologies for dispensing dairy products, concentrated flavors, syrups, and sweeteners.
The project at SureShot will include an upgrade to existing infrastructure to increase productivity and manufacturing capacity to satisfy growing customer demand. Through the SME IRP, SureShot will purchase a metal cutting laser with a self-feeding loader and metal bending press brake to increase the company’s productivity.
The company is eligible to earn a maximum innovation rebate of $349,250 through NSBI once the project is completed, based on eligible Nova Scotia capital spending of $1,397,000.
Invest Nova Scotia is Nova Scotia’s business development agency that works to promote economic growth and community economic development in the province by enabling business, innovation and entrepreneurship.
We are Nova Scotians supporting businesses small and large; new and new to our province.
Media Contact:
David MacAulay
Tel: 902-478-5227
Email: dmacaulay@sureshotsolutions.com
Tuesday, March 9, 2021
Invest Nova Scotia (INS) has an agreement with Acadian Seaplants Limited in the form of an innovation rebate..
Acadian Seaplants Limited, founded in 1981, is a seaweed and food-supply chain company that provides plants, animals and people with sustainable sources of essential nutrients and organic compounds.
The Deveau Center, located in Cornwallis, Nova Scotia, is a state-of-the-art production facility which is part of the company’s Acadian Plant Health Division.
Through the SME IRP, an expansion will take place to double the Center’s manufacturing and export capacity. The expansion will include such additions as: a formulation system, a seaweed chopping and foreign material removal system, a centrifuge, an extractor, a heat exchange system, and an in-house microbial laboratory.
The company is eligible to earn a maximum innovation rebate of $498,675 through NSBI once the project is completed, based on eligible Nova Scotia capital spending of $1,994,700.
Invest Nova Scotia is Nova Scotia’s business development agency that works to promote economic growth and community economic development in the province by enabling business, innovation and entrepreneurship.
We are Nova Scotians supporting businesses small and large; new and new to our province.
Media Contact:
Linda Theriault
Tel: 902-237-6366
Email: ltheriault@acadian.ca
Tuesday, March 2, 2021
Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a Small Medium Enterprise 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 in King’s County, Nova Scotia and plans to modernize the apple packing facility through the addition of robotics to box apples and supplement their packing capacity.
The company is eligible to earn a maximum innovation rebate of $406,421.50 through NSBI once the project is completed, based on eligible Nova Scotia capital spending of $1.6 million.
Media Contact:
David Parrish
Tel: 902-679-6780
Email: david.parrish@scotiangold.com
Tuesday, May 5, 2020
Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of an innovation rebate for Pratt & Whitney Canada Corp. The company is a global aerospace leader with an operation based in Enfield, Nova Scotia.
The company will be proceeding with a $11,810,000 capital investment to modernize their blade line operation department. Pratt and Whitney’s modernization of technology will help meet increased demand for its products throughout Canada and support additional export initiatives internationally.
The company is eligible to earn a maximum innovation rebate of $2,369,562 upon completion of its project, based on eligible capital spending of $11,810,000.
Media Inquiries:
Catherine Cunningham
Pratt & Whitney Canada
Phone: 514-240-9568
Email: Catherine.Cunningham@pwc.ca