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Province Invests in Three Annapolis Valley Projects

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first_imgThe province is investing in three innovative Annapolis Valley projects that will help create good jobs and grow Nova Scotia’s economy. Kings North MLA Jim Morton announced the $154,445 investment at Acadia University today, May 24, on behalf of Economic and Rural Development and Tourism Minister Percy Paris. “The Annapolis Valley is a vibrant destination that boasts some of the best award-winning wines in the country, as well as tremendous potential for creating good jobs and growing the economy,” said Mr. Morton. “Our investments will stimulate innovation, and increase this region’s ability to compete globally.” The three investments are: $100,000 to support the newly established Acadia Centre for Rural Innovation, which helps businesses work with Acadia University staff and resources $30,000 to develop a Tidal Energy Toolkit with Acadia that will help Nova Scotia’s rural communities and businesses develop opportunities related to tidal energy $24,445 to help the Winery Association of Nova Scotia develop new products, increase sales and enhance the tourism potential of Nova Scotia’s Wine Country Through the Atlantic Canada Opportunities Agency, the government of Canada is also investing a total of $665,000 in these three projects. “Our Government’s top priority is job creation, growth, and long-term prosperity. We are proud of these innovative projects that highlight and promote innovation within the rural context here in Nova Scotia,” said Minister of National Defence Peter MacKay. “These projects demonstrate innovation and ingenuity seeking to develop and expand markets for goods and services produced in rural Nova Scotia.” Acadia University is known internationally as a centre of research excellence with a strong commitment to communicate that research to the surrounding community. “Acadia has enjoyed a proud partnership with its local Annapolis Valley community for almost 175 years,” said Ray Ivany, president and vice-chancellor of Acadia University. “We are very grateful for the contribution our funding partners have made to fostering rural innovation and the encouraging the development of sustainable energy through tidal power. “Acadia’s intellectual and research capacity, combined with its unique geographic location, make it an ideal location for government and industry partnerships to thrive.” The Winery Association of Nova Scotia provides a unified voice for the wineries of Nova Scotia, and promotes the growth and development of Nova Scotian wines. “The Nova Scotia wine industry continues to grow in volume and reputation for quality wines,” said Janice Ruddock, managing director of the Winery Association of Nova Scotia. “We are truly fortunate to have this assistance to augment the sizable capital investments being made by industry to produce quality, unique wines that are 100 per cent Nova Scotia.”last_img read more

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Trading halt for Sears Canada amid report it will seek creditorprotection

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TORONTO — Trading of shares in Sears Canada (TSX:SCC) has been halted ahead of the Toronto Stock Exchange’s open at 9:30 a.m.The agency that regulates Canada’s stock trading says the halt is pending news from the department store operator.Halts are routinely issued when key developments could affect a company’s share price.Sears Canada’s stock has already fallen dramatically amid questions about its future.Last week, the company announced “significant doubt” about its ability to operate in its current form.Sears Canada has said it could be sold or restructured but hasn’t commented on a report it might seek court protection from creditors.Shareholders rank after lenders and creditors in bankruptcy proceeding, so company shares could plunge if it does go the court route.

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