{"id":488,"date":"2017-07-13T14:14:17","date_gmt":"2017-07-13T14:14:17","guid":{"rendered":"https:\/\/sdtc-2024-staging.sociationdev.com\/?p=488"},"modified":"2020-01-05T17:25:06","modified_gmt":"2020-01-05T17:25:06","slug":"mp-darren-fisher-announces-510000-for-dartmouth-company","status":"publish","type":"post","link":"https:\/\/sdtc-2024-staging.sociationdev.com\/en\/mp-darren-fisher-announces-510000-for-dartmouth-company\/","title":{"rendered":"MP Darren Fisher announces $510,000 for Dartmouth company"},"content":{"rendered":"<p>This investment in\u00a0<a href=\"http:\/\/carboncure.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">CarbonCure<\/a>, a clean technology company based in Dartmouth, Nova Scotia, will lead to well-paying middle-class jobs and new business opportunities for Canadians. It will also lead to cleaner technologies that result in less air pollution and healthier communities.<\/p>\n<p>The announcement was made today by Darren Fisher, Member of Parliament for Dartmouth-Cole Harbour, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.<\/p>\n<p>The funding will support CarbonCure\u2019s efforts to reduce the amount of carbon dioxide that is released into the environment during the process of producing concrete used to construct buildings. The company has developed a technology that traps and stores carbon dioxide emissions inside concrete. The concrete is then used to retrofit buildings. CarbonCure\u2019s technology results in stronger concrete that turns a harmful greenhouse gas into an ingredient for a value-added commodity.<\/p>\n<p>This project is being funded through\u00a0Sustainable Development Technology Canada, which works with Canadian companies to bring early-stage clean technologies to market.<\/p>\n<p>Investments in clean technology are part of the Government\u2019s\u00a0<a href=\"http:\/\/www.budget.gc.ca\/2017\/docs\/plan\/chap-01-en.html\" target=\"_blank\" rel=\"noopener noreferrer\">Innovation and Skills Plan<\/a>, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.<\/p>\n<h4>Quotes<\/h4>\n<blockquote data-emptytext=\"Blockquote\"><p>Our government\u2019s investments in clean technology reflect our commitment to protecting the planet. But they also point to a clear and strategic direction for economic development through innovation. That\u2019s because innovations in clean tech will lead to products and services that have an impact on all sectors of the economy. And clean tech has the potential to create thousands of well-paying jobs for Canadians. That\u2019s how innovation leads to a better Canada.\u201d<\/p>\n<p>\u2013 The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development<\/p><\/blockquote>\n<blockquote data-emptytext=\"Blockquote\"><p>\u201cCarbonCure\u2019s game-changing technology means lower emissions and reduced water usage across the construction sector, and that means real environmental and economic benefits for Canadians.\u201d<\/p>\n<p>\u2013 Leah Lawrence, President and CEO, Sustainable Development Technology Canada<\/p><\/blockquote>\n<blockquote data-emptytext=\"Blockquote\"><p>\u201cCanada has a disproportionately strong position in the global race to develop CO<sub>2<\/sub>-utilization solutions. These are technologies that actually use CO<sub>2<\/sub>emissions as ingredients to make better products. That could be plastic, chemicals or concrete.We are grateful to receive this support from SDTC.\u00a0This funding will be invaluable for creating the next generation of CO<sub>2<\/sub>-utilization technologies that enable win-win scenarios for both industry and the planet.\u201d<\/p>\n<p>\u2013 Robert Niven, CEO and Founder, CarbonCure<\/p><\/blockquote>\n<h4>Quick Facts<\/h4>\n<ul>\n<li>To help clean technology firms grow and expand, the Innovation and Skills Plan includes investments of nearly $1.4 billion in new financing on a cash basis, starting in 2017\u201318. That funding will be allocated through the\u00a0<a href=\"https:\/\/www.bdc.ca\/en\/pages\/home.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Business Development Bank of Canada<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.edc.ca\/en\/Pages\/default.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Export Development Canada<\/a>\u00a0as follows:\n<ul>\n<li>$380 million in equity financing to support clean technology producers<\/li>\n<li>$570 million in working capital to support clean technology producers<\/li>\n<li>$450 million in additional project finance for clean technology producers<\/li>\n<\/ul>\n<\/li>\n<li>Budget 2017 also commits $400 million to recapitalize Sustainable Development Technology Canada\u2019s\u00a0SD Tech Fund, which supports the development and demonstration of early-stage clean technology projects.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>This investment in\u00a0CarbonCure, a clean technology company based in Dartmouth, Nova Scotia, will lead to well-paying middle-class jobs and new business opportunities for Canadians. It will also lead to cleaner technologies that result in less&#8230;<\/p>\n","protected":false},"author":1,"featured_media":489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-sectors"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MP Darren Fisher announces $510,000 for Dartmouth company ~ Sustainable Development Technology Canada<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MP Darren Fisher announces $510,000 for Dartmouth company ~ Sustainable Development Technology Canada\" \/>\n<meta property=\"og:description\" content=\"This investment in\u00a0CarbonCure, a clean technology company based in Dartmouth, Nova Scotia, will lead to well-paying middle-class jobs and new business opportunities for Canadians. 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