NSBI approves two innovation rebates
Expansion projects at Van Meekeren Farms Limited and Totally Raw Natural Dog Food Inc. have been approved for innovation rebates by Nova Scotia Business Inc. (NSBI).
Kings County-based Van Meekeren Farms is moving ahead with an $8.6 million investment for an improved apple packing facility, controlled atmosphere storage, and upgrades to increase efficiency and production levels.
The innovation rebate, which is worth a maximum of 25 per cent of capital costs for a project between $2 million and $15 million, is worth up to just over $2.1 million.
Totally Raw Natural Dog Food Inc., based in the Burnside Industrial Park, is proceeding with a $2,760,700 capital investment to create a state-of-the-art manufacturing and distribution facility.
Based on eligible capital spending of $1.3 million, the maximum rebate the company can receive is $322,233.