Annual Report 2019-2020 (Invest Nova Scotia)

Summary

• The Export Growth Program had 454 approved applications with total approved funding of $3,271,571.97.p.12
• The Small Business Development Program had 80 approved applications with total approved funding of $861,007.95.p.13
• The Productivity and Innovation Voucher Program had 77 approved applications with total approved funding of $1,465,000.p.15
• The Innovation Rebate Program committed a total of $29,401,653.p.16
• Strategic Investment Fund payroll rebates approved in FY 2019-2020 totalled $20,925,104.p.17
• The Nova Scotia Film & Television Production Incentive Fund committed a total of $28,406,600.p.21
• Through the IRP, NSBI incented $43.8 million in private-sector capital investment, with impact in 11 of the 18 counties.p.6

Key insights

1. NSBI issued 77 vouchers to foster partnerships between companies and the province's research institutions.p.6
2. ICT led Export Growth Program approvals with 102 applications, followed by Business Service with 65 and Agri-food with 57.p.12
3. The Executive Management Growth Program had 8 approved applications with total approved funding of $335,436.25.p.14
4. The largest payroll rebate went to AXIS Specialty Canada Services at $3,610,000.p.17
5. Ultra Electronics Maritime Systems received a payroll rebate of $2,495,600 and NorthBay Solutions $2,492,800.p.17
6. The Eastlink TV Independent Production Fund committed a total of $355,500.p.22
7. The Curse of Oak Island Season 7 received $3,540,925, the largest film and television commitment.p.21