Innovation Rebate Program Disclosures - 2020/21
Tuesday, May 5, 2020
The following Innovation Rebate Program incentives were announced during the fiscal year of 2020-2021.
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