Government Announces Investment in Productivity and Innovation
Premier's Office
September 18, 2009 8:30 AM
Premier Darrell Dexter today, Sept. 18, fulfilled another of the government's key commitments to strengthen the competitiveness of Nova Scotia businesses by announcing the Manufacturing and Processing Investment Credit.
The initiative offers a 10 per cent credit to businesses in the manufacturing and processing sector that are investing in machinery and equipment to make their operations more competitive, more productive and more sustainable.
"This is specific assistance to ensure our economy has the secure jobs it needs to support families and communities," said Premier Dexter. "It demonstrates the government's commitment to supporting the manufacturing and processing industry, much of it based in rural Nova Scotia."
The program will begin in January 2010 and is a $25 million investment in the economy. Government will work closely with industry during the next few months to develop an application process and finalize details of the program.
"The innovative manufacturers and exporters who make up the Canadian Manufacturers and Exporters Nova Scotia Division welcome this new program designed for our sector," said Dorothy Rice, division chair, and vice-president finance and administration of Ultra Electronics Maritime Systems.
"With this announcement, the government is encouraging manufacturers to start now with important expansion plans and equipment purchases. This will help manufacturers boost productivity and increase employment throughout the province."
"We believe the Manufacturing and Investment Credit strikes the right balance between strengthening our competitiveness and living within our means," said Premier Dexter.
FOR BROADCAST USE:
Premier Darrell Dexter today (September 18th) fulfilled
another of the government's key commitments to strengthen the
competitiveness of Nova Scotia businesses by announcing the
Manufacturing and Processing Investment Credit.
The initiative offers a 10 per cent credit to businesses in
the manufacturing and processing sector that are investing in
machinery and equipment to make their operations more
competitive, more productive and more sustainable.
Premier Dexter says this credit is specific assistance to
ensure our economy has the secure jobs it needs to support
families and communities.
-30-
Media Contacts: Janet Lynn McNeil
Premier’s Office
902-237-4287
E-mail: mcneiljl@gov.ns.ca
Donna Hooper
Economic and Rural Development
902-424-1728
E-mail: hoopermd@gov.ns.ca
Ann Jenaga
Canadian Manufacturers and Exporters
Nova Scotia Division
902-449-9002
Premier Darrell Dexter today, Sept. 18, fulfilled another of the government's key commitments to strengthen the competitiveness of Nova Scotia businesses by announcing the Manufacturing and Processing Investment Credit.
The initiative offers a 10 per cent credit to businesses in the manufacturing and processing sector that are investing in machinery and equipment to make their operations more competitive, more productive and more sustainable.
"This is specific assistance to ensure our economy has the secure jobs it needs to support families and communities," said Premier Dexter. "It demonstrates the government's commitment to supporting the manufacturing and processing industry, much of it based in rural Nova Scotia."
The program will begin in January 2010 and is a $25 million investment in the economy. Government will work closely with industry during the next few months to develop an application process and finalize details of the program.
"The innovative manufacturers and exporters who make up the Canadian Manufacturers and Exporters Nova Scotia Division welcome this new program designed for our sector," said Dorothy Rice, division chair, and vice-president finance and administration of Ultra Electronics Maritime Systems.
"With this announcement, the government is encouraging manufacturers to start now with important expansion plans and equipment purchases. This will help manufacturers boost productivity and increase employment throughout the province."
"We believe the Manufacturing and Investment Credit strikes the right balance between strengthening our competitiveness and living within our means," said Premier Dexter.
FOR BROADCAST USE:
Premier Darrell Dexter today (September 18th) fulfilled
another of the government's key commitments to strengthen the
competitiveness of Nova Scotia businesses by announcing the
Manufacturing and Processing Investment Credit.
The initiative offers a 10 per cent credit to businesses in
the manufacturing and processing sector that are investing in
machinery and equipment to make their operations more
competitive, more productive and more sustainable.
Premier Dexter says this credit is specific assistance to
ensure our economy has the secure jobs it needs to support
families and communities.
-30-
Media Contacts: Janet Lynn McNeil
Premier’s Office
902-237-4287
E-mail: mcneiljl@gov.ns.ca
Donna Hooper
Economic and Rural Development
902-424-1728
E-mail: hoopermd@gov.ns.ca
Ann Jenaga
Canadian Manufacturers and Exporters
Nova Scotia Division
902-449-9002