Productivity Investment Program
Harnessing the untapped potential for productivity and innovation that exists in our businesses and workforce is a priority for Nova Scotia.
The focus on productivity and innovation is exemplified in the Productivity Investment Program. This program is designed to encourage businesses to become more productive, innovative and globally competitive, and it includes two incentives: the Capital Investment Incentive and the Workplace Innovation and Productivity Skills Incentive.
An initiative of the Canada - Nova Scotia Job Grant
- The Capital Investment Incentive contributes 20%, up to a maximum of $1 million, toward the cost of technologically-advanced machinery, clean technology, equipment, software and hardware with preference given to exporters in qualified industries.
- When an application is received, it will be assessed by the Investment division of the Department of Economic and Rural Development and Tourism. If the necessary conditions are found to apply, a Letter of Offer will be issued.
- The company has six months following the issuance of the Letter of Offer to submit a claim for reimbursement supported by invoices and proof of payment.
- Acquisitions less than $25,000 will not be considered.
- The Workplace Innovation and Productivity Skills Incentive provides funding to companies to encourage investment in skills development and certification.
- It is also designed to help companies adapt to the introduction of new technology and innovative processes, improve productivity, and strengthen international competitiveness.
- A company may apply for support toward the cost of the following activities: purchase of training from a formal training institution or qualified external or internal training provider; registration, tuition or course fees; international training; management skills development; skills development training leading to certification; training that supports workplace diversity; and other skills development and training based on a valid business case.
- There are different cost-sharing requirements depending upon the size of the business and level of incentive sought.
- The minimum training incentive for businesses under WIPSI is $5,000.
- Small businesses under 50 employees seeking a training incentive between $5,000 and $10,000 are not required to contribute cash but an in-kind contribution is required (e.g., employee wages during the training period).
- Small businesses seeking incentives in excess of $10,000 are required to share costs.
- For larger businesses with 50 or more employees and industry associations, applicants may apply for support up to a maximum of 50% of eligible costs. Additional criteria may apply depending upon the level of incentive being sought.
If you have any questions about these incentives, the guidelines and how to apply, contact one of our field staff
. You may also contact one of our program coordinators.
Capital Investment Incentive
Workplace Innovation and Productivity Skills Incentive
The Productivity Investment Program is a joint initiative with the Departments of Economic and Rural Development and Tourism, Labour and Advanced Education, and Nova Scotia Business Inc., the province's business development agency.