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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Kinder Morgan files new reports to NEB touting benefits of proposed pipeline

CALGARY – Kinder Morgan has filed new reports to the National Energy Board touting the economic benefits of its proposed Trans Mountain pipeline expansion, replacing evidence that the regulator ordered removed from the record last month.The filings include an 89-page market analysis by Dallas consulting firm Muse Stancil and an updated Conference Board of Canada tally of the project’s broader economic spinoffs.Muse Stancil estimates $73.5 billion (in 2012 dollars) will be added to producers’ bottom lines over 20 years if the Alberta-to-B.C. project goes ahead.“This is a fairly straightforward analysis. It connects a huge source of crude oil supply with a market that has a growing demand for crude oil and it does that in a very economically efficient basis,” Muse Stancil president Neil Earnest said in an interview.The $5.4-billion project would nearly triple the amount of crude shipped on the Trans Mountain pipeline between the Edmonton area and the B.C. Lower Mainland, enabling exports to lucrative Asian markets.The economic case is strong even as oil prices languish around US$45 a barrel, said Earnest.“This is a long-life asset. Pipelines operates for decades.”The financial boost to producers from being able to access new markets is expected to ripple through the rest of the Canadian economy in the form tax revenue and jobs, according to the Conference Board analysis.The total fiscal benefit to Canada as a result of the improved producer “net backs” is pegged at nearly $24 billion over two decades, with $14 billion flowing into Alberta government coffers and $1.4 billion for British Columbia.The project is expected to see 14,000 people working at the peak of construction and 3,300 direct and indirect jobs annually over 20 years of operation.The Conference Board also sees a $12.2-billion contribution to Canada’s gross domestic product over two decades of operations.Kinder Morgan Canada president Ian Anderson said he was pleased with the results of the new reports.“It reaffirms the very real need and significant benefits the expansion would bring to all Canadians by providing much-needed access to global markets, resulting in jobs and dollars here at home,” he said in a release.Last month, the NEB panel weighing the $5.4-billion project said any evidence prepared by Steven Kelly, then a consultant with IHS Global Canada, must be removed from the regulatory application.That’s because Kelly has been appointed to a seven-year term at the National Energy Board starting on Oct. 13 and the panel said his dual role may raise concerns about the integrity of the hearing process. The NEB says Kelly won’t be involved in the Trans-Mountain assessment process.The evidence Kinder Morgan had to replace ended up being “narrow in scope” — about 64 pages out of the original 15,000 filed.The replacement of Kelly’s evidence has lengthened the review process. The National Energy Board must now complete its review by May 20, 2016, versus its previous deadline of Jan, 25, 2016.Critics have lambasted the NEB review, with 35 participants dropping out of the process this summer calling it “biased” and “unfair.”Follow @LaurenKrugel on Twitter by Lauren Krugel, The Canadian Press Posted Sep 25, 2015 1:43 pm MDT Last Updated Sep 25, 2015 at 4:45 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Kinder Morgan files new reports to NEB touting benefits of proposed pipeline read more

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