Maritime Launch Services (MLS) said today it would receive an additional $10.5M tax credit through the Province of Nova Scotia’s Capital Investment Tax Credit (CITC) which will be used to build a second launch pad for small launch vehicles at Spaceport Nova Scotia.
MLS said the “approval builds upon prior support from the Province under the CITC program. Approximately $30.7 million in CITC funding has been authorized for qualified infrastructure projects at Spaceport Nova Scotia.”
MSL added that “the dedicated launch pad is a separate, stand-alone launch platform designed to serve Maritime Launch’s growing customer base of international launch providers. The project includes the full suite of specialized infrastructure required for safe and efficient orbital launch operations, including a flame diverter, gas and propellant system interfaces, electrical and power systems, civil works, and other mission-critical components tailored to support modern small launch vehicles.”
Earlier this week MLS announced that Spaceport Nova Scotia would host two hypersonic launches in October that would use an existing small launch vehicle launch pad.
Stephen Matier, President and CEO of Maritime Launch said, “This support from the Province sends a clear message to the global space industry that Nova Scotia is open for business. With the help of the CITC, we are building the foundation for Canada’s commercial space sector, bringing jobs, innovation, and global investment to rural Nova Scotia and sovereign launch capability to Canada.”
Nova Scotia Premier Tim Houston added, “Nova Scotia is working to grow our economy, and we’re happy to see companies investing in their future here. This tax credit will continue to support Maritime Launch Services in creating something truly exciting to be part of – a spaceport here in the Province. In the process, they’ll create opportunities for Nova Scotians in rural areas.”