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Province Invests in Silviculture Company

first_imgOne of Nova Scotia’s leading providers of silviculture servicesto the forestry industry is receiving a loan from the provincial government. Scott and Stewart Forestry Consultants Ltd., in Antigonish will receive a $400,000 interest bearing loan through the Industrial Expansion Fund. “We are committed to ensuring sustainable economic prosperity for Nova Scotia,” said Angus MacIsaac, Minister of Economic Development. “With this investment, we are helping to ensure growth and competitiveness for this rural company, which is vital to helping create vibrant communities in our province.” The company employs 65 people full time, 150 seasonal workers and provides consulting, silviculture and harvesting services to the forest industry including both large and small woodlot owners. The province benefits from the company’s payroll of $3 million and over $300,000 in annual direct economic benefits. “We have recently expanded our nursery to accommodate reforestation contracts,” says Shaun Scott, general manager, Scott and Stewart Forestry Consultants Ltd. “We are looking forward to providing even more and better service to our clients.” Over the years the company has received awards for environmentally sustainable and responsible forestry practices. The company has averaged $7 million annually in sales for the past four years and expects to reach $8 million in the coming years. The Industrial Expansion Fund is one method the government of Nova Scotia uses to support economic development in the province. It is key to helping industries involved in innovative research and technology, while contributing to a prosperous and sustainable business climate for Nova Scotia. The fund has considerable flexibility in the amount and type of funding it can provide.last_img read more

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