We can achieve great things when all levels of government work together.
Today I had the pleasure of welcoming the Honourable Scott Brison to the NSCC Waterfront Campus in Dartmouth for a major announcement.
On behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development (ISED), Brison announced a total of $7.1 million in funding under the Strategic Investment Fund (SIF) for the COVE project- an ocean innovation centre! The project will refurbish the facilities and the wharves at the former Coast Guard Base lands on the waterfront in Dartmouth into COVE.
What’s COVE?
COVE will be the Centre for Ocean Ventures and Entrepreneurship.
At COVE, global leaders in ocean science and research will work together with start-ups, R&D intensive companies, industry, Dalhousie University and other universities and colleges across a variety of technologies and applications to create a cluster of marine innovation and commercialization.
The Province of Nova Scotia will contribute 12.5 million for capital costs.
That’s a 19.7 million dollar investment into an amazing Dartmouth facility. This is great news for our whole region.
What’s the Strategic Investment Fund (SIF)?
The Strategic Investment Fund is a $2-billion investment in our country’s research and infrastructure. One of the best ways we can foster science and research excellence is by investing in university and college infrastructure. By partnering with our provinces and territories we are building Canada’s innovation capacity and fueling our country’s engines of discovery. These infrastructure investments will create well-paying jobs and deliver economic growth for years to come.
The project will refurbish the facilities and the wharves at the former Coast Guard Base lands on the waterfront in Dartmouth into COVE.
“Investments like the ones being made under the Government of Canada’s Post-Secondary Institution Strategic Investment Fund and by the Province of Nova Scotia support the construction or renovation of the research infrastructure our schools need to train young people for the high-value jobs of the future.”
Darren Fisher, Member of Parliament, Dartmouth-Cole HarbourQuick Facts:
- The Government of Canada is providing $60.3 million for research infrastructure at institutions throughout Nova Scotia, $7.17 million of which will go toward the Centre for Ocean Ventures and Entrepreneurship.
- The Government of Canada’s Innovation Agenda is designed to ensure Canada is globally competitive in promoting research, translating ideas into new products and services, accelerating business growth and propelling entrepreneurs from the start-up phase to international success.
- The targeted, short-term investments under the Post-Secondary Institutions Strategic Investment Fund will promote economic activity across Canada and help Canada’s universities and colleges develop highly skilled workers, act as engines of discovery, and collaborate on innovations that help Canadian companies compete and grow internationally.
- The Post-Secondary Institutions Strategic Investment Fund supports the Government of Canada’s climate change objectives by encouraging sustainable and green infrastructure projects.
- On July 4, 2016, the Government of Canada and the governments of the four Atlantic provinces unveiled the Atlantic Growth Strategy, a homegrown, prosperity-focused and evidence-based strategy to stimulate the region’s economy and address both long-standing and emerging regional challenges.
- The Atlantic Growth Strategy is aimed at stimulating economic growth in the region by focusing joint federal-provincial efforts and resources on the following five areas of action: skilled workforce and immigration, innovation, clean growth and climate change, trade and investment, and infrastructure.
- As part of the Atlantic Growth Strategy, both levels of government will work together on key infrastructure projects.