Maritime Launch Receives Additional Infrastructure Reimbursement Approval for Over $10 Million from the Province of Nova Scotia for an Additional Small Launcher Launch Pad

Core Points - Maritime Launch Services Inc. has received approval for approximately $10.5 million under the Capital Investment Tax Credit (CITC) from the Province of Nova Scotia to support the construction of a dedicated launch pad for small launch vehicles [1][2] - The CITC is a refundable corporate tax credit aimed at encouraging capital investment in Nova Scotia, with a total of approximately $30.7 million authorized for qualified infrastructure projects at Spaceport Nova Scotia [2][5] - The dedicated launch pad will include specialized infrastructure for safe and efficient orbital launch operations, enhancing Canada's sovereign space capabilities and supporting the company's growing customer base [3][4] Company Overview - Maritime Launch Services Inc. is a Canadian-owned commercial space company based in Nova Scotia, developing Spaceport Nova Scotia to provide satellite delivery services [6][8] - The spaceport will allow small and medium-sized launch vehicles to place satellites into low-earth orbit, marking it as Canada's first commercial orbital launch complex [8] Economic Impact - The CITC-supported infrastructure is expected to create up to 30 jobs in the local area, driving demand across local construction, hospitality, and service sectors [7] - The project aims to anchor a new high-tech sector in the region, diversifying the local economy and positioning Nova Scotia as a global destination for space and satellite companies [7]