MLS Receives Additional Provincial Tax Credits for $30M Satellite Processing Facility

File photo: Illustration of the horizontal integration facility. Credit: MLSI.

Maritimes Launch Services (MLS) said that it will receive additional tax credits under the Capital Investment Tax Credit (CITC) Program offered by the Province of Nova Scotia.

In a news release MLS said it has received approval from the Province of Nova Scotia for the development of a satellite processing facility and that the facility is “eligible project for reimbursement under the Capital Investment Tax Credit (CITC) Program.”

MLS had previously stated in September 2023 that it had received initial qualification of more than $13 million from the CITC program.

At the time MLS said this would lead to significant hiring and that by the end of 2024, MLS expected to have 60 full-time jobs. With this announcement MLS said it has “received approval for an initial qualification of up to $7.5M in reimbursements” for the satellite processing facility. They added that “reimbursement is eligible to begin at the start of the construction of the satellite processing facility,” which is now planned for late 2024.

MLS added that “In 2023, Maritime Launch was approved for an initial qualification of $13.2M for the development of Spaceport Nova Scotia’s launch vehicle integration facility on site, bringing the total to $20.2 million in qualified projects under the provincial program.”

MLS said the satellite processing facility will “be located adjacent to Spaceport Nova Scotia” and that it “will offer launch service support including logistics excellence, frequency assignment assistance, integration expertise, and rigorous testing and verification procedures.”

Stephen Matier, President and CEO, Maritime Launch Services stated, “Our vision is to build a world-class Spaceport. This approval, coupled with the approval we received last year, underscores our shared commitment with the Province of Nova Scotia to foster economic development in rural areas like Canso, Hazel Hill and Little Dover. Spaceport Nova Scotia will establish Canada as a competitive player in the global space market.”

About Marc Boucher

Boucher is an entrepreneur, writer, editor & publisher. He is the founder of SpaceQ Media Inc. and Executive Vice President, Content of SpaceNews. Boucher has 25+ years working in various roles in the space industry and a total of 30 years as a technology entrepreneur including creating Maple Square, Canada's first internet directory and search engine.

Leave a Reply