The Nova Scotia government is making clear it won’t be putting any more public money into a heavy steel manufacturing facility in northeastern Nova Scotia that has already received $56.3 million of provincial money.
A news release from DSME Trenton said after a board meeting on Thursday that it is trying to secure orders in heavy steel fabrication in the wind, oil and gas and rail sectors.
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Business Minister Mark Furey said after cabinet that there is no more government money available to invest in the company, a point Premier Stephen McNeil repeated a few minutes later.
A company release also said that Ernst and Young will continue to work on behalf of the firm to help attract third party investment.
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Scott Covey, project manager with the firm, said there are currently 31 employees at the company.
The previous NDP government announced in 2010 it had taken a 49 per cent equity stake in the firm, committed $60 million to the manufacturing plant and predicted 500 jobs would be created within three years.
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