first_imgThe province is making the future of energy-efficient street lighting brighter by supporting an innovative Nova Scotia-based technology firm. Economic and Rural Development Minister Percy Paris announced today, March 30, that the province will provide LED Roadway Lighting Ltd. with a $10-million loan guarantee from the Industrial Expansion Fund. “This loan guarantee will help a promising leader in clean technology take its business to the next level,” said Mr. Paris. “Growing businesses and allowing them to pursue lucrative export opportunities is an essential part of jobsHere, the plan to create jobs and grow the economy.” In addition, LED Roadway Lighting’s founder Charles Cartmill will invest another $3.2 million in the company. “LED Roadway Lighting is well positioned to become an international leader in a $500-billion global industry,” said Mr. Cartmill. “Through the province’s support, we will be able to capitalize on our current contracts, and continue our expansion plans.” LED Roadway Lighting manufacturers innovative streetlight fixtures that use 60 per cent less energy than traditional fixtures. With a manufacturing facility in Amherst, and research and development and executive offices in Halifax, the company employs more than 100 people and expects to more than triple that by 2014. The Industrial Expansion Fund is one method the province uses to support economic development in all regions of Nova Scotia. It helps industries involved in innovative research and technology and contributes to a prosperous, sustainable business climate for Nova Scotia.last_img read more