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Minister Blackburn delivers over $300,000 in research and development investment tax credits to Ground Effects Environmental Services Inc.

2009-07-16
Regina, Saskatchewan, July 16, 2009…  The Honourable Jean-Pierre Blackburn, Minister of National Revenue and Minister of State (Agriculture and Agri-Food), met today with Mr. Sean Frisky, President, Chief Executive Officer, and founder of Ground Effects Environmental Services Inc., and personally delivered $364,000 in scientific research and experimental development (SR&ED) investment tax credits earned by the company. 
 
During a tour of the company’s facility in Regina, Minister Blackburn spoke with company officials about the importance of the SR&ED program as the largest source of federal government support for industrial research and development.
 
“The Government is supporting Canadian businesses like Ground Effects Environmental Services Inc., which provides innovative technology that allows on-site environmental remediation,” said Minister Blackburn. “Businesses like Ground Effects Environmental Services Inc. are crucial to the long-term growth of our economy, providing sustainable jobs in our communities and helping improve the quality of life for all Canadians.” 
 
SR&ED investment tax credits support Ground Effects Environmental Services Inc. in manufacturing, designing, and maintaining environmental remediation equipment that can remediate groundwater, air, and soil, on site. 
 
“The SR&ED program shows the Government’s commitment to supporting research and development in Canada,” said Mr. Frisky. “The SR&ED program helps Ground Effects Environmental Services Inc. maintain a strong research and development program focused on enhancing our ground-breaking technology innovations and on developing new designs that provide fast results for our clients.”
 
The SR&ED program is a federal tax incentive program administered by the Canada Revenue Agency, which encourages Canadian businesses of all sizes, and in all sectors, to conduct research and development in Canada. The SR&ED program gives claimants cash refunds and/or tax credits for their expenditures on eligible work done in Canada.
 
For more information on the SR&ED program, and details on how to apply, go to www.cra.gc.ca/sred.

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