NS BUSINESS INCFilm Production Announced

first_imgN.S. BUSINESS INC.-Film Production Announced Quick facts: Nova Scotia Business Inc. (NSBI) announced a newly approved production through the Nova Scotia Film and Television Production Incentive Fund today, Feb. 28. Documentary, Redneck Psychic, produced by Beyond Productions Inc., has been approved for a funding commitment of $105,418 based on eligible Nova Scotia expenditure of $340,060. To learn more about the production, go to www.nsbi.ca/articles. As funding commitments are approved, details will be available at www.nsbi.ca. the fund applies to eligible costs such as labour, goods or services purchased from a Nova Scotia-based supplier when an application is approved, NSBI issues a commitment letter which can be used for bank financing. When the applicant enters the official incentive agreement, the agreement can also be used for the financing process once a production is approved for a funding commitment, the funds are placed in reserve when the production is complete the applicant submits a final claim to NSBI for processing and disbursement all applications and claims are processed and approved by NSBI To learn more about the application process, eligible costs and guidelines, go to Nova Scotia Film and Television Production Incentive Fund at www.nsbi.ca. -30-last_img read more

Survey US manufacturing activity contracted in August

WASHINGTON — Factory activity in the U.S. shrank in August for the first time since August 2016, a sign that the trade war with China is weighing down a crucial sector of the economy.The Institute for Supply Management, an association of purchasing managers, says that its manufacturing index slid to 49.1 last month, from 51.2 in July. Any reading below 50 signals a contraction.A global softening in demand, worsened by an increasingly high-risk war between the U.S. and China, appears to be hurting American manufacturers. More than half of the public comments from companies surveyed by ISM pointed to economic uncertainty as a drag on their businesses.Production declined by 1.3 percentage points, while employment fell by 4.3 points. New orders fell by 3.6 points.Bani Sapra, The Associated Press read more