CANADA: Government of Nova Scotia "invests" CAD 25 million in aquaculture company

The Government of Nova Scotia is providing some subsidies to Cooke Aquaculture, a Canadian fish farming company.

The "investment" includes a CAD 16 million (USD 15.6 million) interest-bearing loan and a CAD 9 million (USD 8.8 million) forgivable loan through the Nova Scotia Jobs Fund and jobs. Of the CAD 16 million interest-bearing loan, CAD 4 million (USD 3.9 million) can be forgiven based on research, development and commercialization of innovation in the aquaculture industry.

No comments: