Province Invests 500000 in Innovative Small Businesses

first_imgThirty-four small businesses across Nova Scotia are on their way to becoming more innovative and productive with help from the province. Through the Productivity and Innovation Voucher Program, these businesses were awarded vouchers of up to $15,000, to partner with post-secondary institutions to explore new business opportunities or how to improve products and operations. “Small businesses are essential to the economy of our province and we are committed to supporting their growth,” said MLA Lenore Zann, on behalf of Economic and Rural Development Minister, Percy Paris. “This program enables businesses to make their operations more productive and competitive, helping to create good jobs and grow the economy.” Since 2008, the program has awarded vouchers to 117 businesses across the province, in such areas as industrial and consumer manufacturing, information and communication technologies, life sciences and agri-foods. “Through this program and our partnership with the Nova Scotia Agricultural College, we will be able to assess the health benefits and commercial viability of blueberry bi-products,” said Nancy Tregunno, of Annapolis Valley’s Nova Agri Inc. “This program is an important tool to help small businesses invest in research to create innovative, value-added products.” One of the program’s main goals is to help build and strengthen links between small business and universities and colleges. Ten institutions are participating in the program this year. “The Nova Scotia Agricultural College is very proud to be part of the voucher program; it’s a win-win situation for both the university and the business,” said Richard Donald, NSAC vice-president of research, extension and outreach. “Innovative, problem-solving research is critical to the future sustainability of the industry and has a direct impact on our local economy.” For a full list of this year’s recipients and more information on the program, visit www.gov.ns.ca/econ/pnivouchers/ .last_img read more

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Measures critical to overall growth of manufacturing sector still outstanding GMSA

Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedContinued efforts from Private Sector led to Guyana’s economic growth- GMSA PresidentNovember 10, 2018In “Business”Government measures impacting negatively on Manufacturing sector- NoktaJune 30, 2017In “Business”GMSA wants Gov’t to address slump in manufacturing sectorSeptember 11, 2018In “Business” GMSA President Shyam NoktaThe Guyana Manufacturing and Services Association (GMSA) on Wednesday held its Annual General Meeting where concerns were raised over measures implemented for the growth of the manufacturing sector and for appropriate legislation to be put in place to prevent the dumping of inferior and harmful products.Addressing stakeholders was GMSA President Shyam Nokta, who noted that despite several measures implemented in the 2018 Budget, most of the proposed measures critical to the manufacturing process and the overall growth of the sector were still outstanding.He added that at the end of June 2017, light manufacturing had marginally grown from 1.3 per cent to 1.9 per cent with a 2.4 per cent projected growth for 2018.“We are still waiting for full-year statistics from the Bank of Guyana for 2017,” Nokta noted.He added that key barriers to the manufacturing sector continued to prevail, but explained that they were being addressed through the Ministerial Roundtable engagement with Finance Minister Winston Jordan.Minister of State, Joseph Harmon delivers the feature address at the Guyana Manufacturing and Services Association (GMSA) Limited Annual General Meeting. Minister of Business, Dominic Gaskin; President of the Guyana Manufacturing and Services Association Limited (GMSA), Shyam Nokta; Chairman of the Private Sector Commission, Edward Boyer and GMSA Executive Board Member, Ramesh Dookhoo are also pictured at the head tableAdditionally, Nokta explained that the GMSA advocated for the removal of Valued Added Tax (VAT) on electricity as well as for locally manufactured items to be given a greater share in public procurement.In addition to the removal of VAT on electricity, Nokta called for reduced tariffs for manufacturing entities based on performance thresholds and incentives for renewable energy technologies.He also called for the Government to include the GMSA in the booming oil and gas sector, adding that a local content framework was integral to ensuring that local businesses benefit from the opportunities offered by the sector.Nokta also revealed that in addition to raising the profile of the GMSA, they have been able to spark renewed interest among existing members as well as encourage new members.He said  that at the end of February 2018, the GMSA would have seen its membership growing by 14 per cent.Giving the feature address at the meeting, State Minister Joseph Harmon said, among other things, that through a collaborative effort, the Government of Guyana and members of the Manufacturing Sector can make economic diversification a reality.He also urged the members of the body to continue to support the development and implementation of the Green State Development Strategy (GSDS). read more

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