NSBI Approves Innovation Rebate

first_img Quick facts: the Innovation Rebate Program was developed in consultation with Nova Scotia companies the program provides financial incentives on projects that enable a company to increase innovation capacity through private-sector capital investments or adoption of new technologies and business processes the program provides a 25 per cent rebate based on eligible project costs, as defined in the Innovation Rebate Program Guidelines the total project cost must be between $2 million and $15 million. The maximum amount of eligible project costs to which the rebate will be applied is $15 million the maximum rebate amount for an eligible project, including related parties, cannot exceed $3,750,000 over a 24-month period the innovation rebate works as a rebate against a company’s direct costs and is only paid out once the project is complete Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of an innovation rebate for Michelin North America (Canada) Inc. Since 1971, Michelin’s Pictou County site has been home to the company’s second-largest rubber-mixing operation. The facility also produces passenger-car and light-truck tires, curing membranes and houses corporate offices. Michelin North America (Canada) Inc. is taking new steps to develop its Pictou operation with new equipment that will be the first of its kind in North America. The company is proceeding with a $14,278,000 total capital investment to install an innovative semi-finished manufacturing process, creating products that will be used in Michelin sites across the continent. New equipment will create a previously imported product and will improve efficiency with faster production processes, increasing capacity of the facility and global competitiveness. The company is eligible to earn a maximum innovation rebate of $3,569,500 upon completion of its project, based on eligible capital spending of $14,278,000. To be considered for an innovation rebate, a company’s total project costs must be between $2 million and $15 million. An approved rebate is 25 per cent against eligible project costs.center_img Information on NSBI transactions can be found athttp://www.novascotiabusiness.com/fundingdisclosures . -30-last_img read more

Asian police officer threatened with sack after racist toy monkey complaint

first_imgAn Asian police officer was allegedly threatened with the sack after complaining about the racist treatment of a colleague involving a toy monkey.The Metropolitan Police officer, who has not been named, acted after seeing a monkey soft toy wearing a police uniform and with an ID badge placed on a black colleague’s desk in their central London office.The badge carried the initials “ERO” (evidential review officer), which was the same job title as the black officer.The Asian officer raised his concerns on an internal complaints form to senior officers in 2013, but was consequently the subject of investigation amid allegations he concocted the story himself. The BBC, which uncovered the case, said the officer was told he faced the prospect of being sacked.It took two years for the complainant to be vindicated, when a Scotland Yard misconduct hearing found the whistleblower had not breached the standards of professional behaviour.He later took the case to an employment tribunal, alleging he had been racially discriminated against and victimised. The BBC reported that the Asian officer received a settlement of £35,000 before the case was heard in full.Deputy Assistant Commissioner Richard Martin, who is in charge of professionalism at the Met, said in a statement: “Over the last two years the Met has made significant investment in improving how we handle complaints made by our own staff linked to discrimination, bullying or harassment. “We are committed to a system which everyone can be confident in and a genuine belief that it has fairness. “We have long recognised that people do have concern that they fear being victimised if they raise a complaint, regardless of whether that fear is justified.”That has never been acceptable and we continue to make it very clear to our staff that victimisation will never be tolerated, that it will be investigated, and will have serious repercussions if it occurs.”For the last 18 months the officer in charge of the Met’s anti-corruption command personally oversaw the implementation of and now manages the new whistleblowing policy. This helps to give staff, who are graded as reporters of wrongdoing, confidence they can raise the most serious of issues and will receive support and protection.”At the start of this year a new unit was formed within the Directorate of Professional Standards which has oversight of all complaints – be those internal or external – that include an allegation of discrimination.”This is to ensure that there is independent scrutiny of how these allegations are investigated and to embed fairness within the process.” Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. They fear being victimised if they raise a complaint, regardless of whether that fear is justifiedDeputy Assistant Commissioner Richard Martinlast_img read more