The federal and provincial governments announced Thursday they were pumping $7 million each into the Nova Scotia forestry industry.
According to a provincial government release, the combined investment of $14 million is providing silviculture assistance primarily for woodlots smaller than 2,000 hectatres. The two-year work plan is scheduled to create more than 400 jobs, “while ensuring long-term sustainability of forests and creating carbon offset benefits,” the release said.
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The work includes site preparation, planting, thinning and tending to ensure growth and composition and quality of forests.
“We realize the importance of the forestry sector in creating the secure jobs our economy needs,” John MacDonell, Nova Scotia’s Natural Resources Minister, said in a release.
The federal government is investing $5 million through the Atlantic Canada Opportunities Agency and the other $2 million through Enterprise Cape Breton Corporation.
“We are not only strengthening the forestry sector now and for years to come, but we’re also creating jobs and supporting rural communities today,” Peter MacKay, Minister of National Defence and ACOA, said in a release.