WINNIPEG – The Manitoba government is changing some business tax credits and offering a new loan program as part of its plan to boost economic development.

Premier Wab Kinew says the government is converting parts of its Manufacturing Investment Tax Credit into an immediate retail sales tax exemption on new machinery and equipment.

The change means manufacturers will save the money up front instead of waiting for a credit reimbursement.

The government is also launching a $50-million loan program for businesses that invest in productivity enhancements such as new equipment and technology.

Kinew told the Manitoba Heavy Construction Association he would like to see Manitoba become a “have” province by 2040 and no longer rely on equalization payments from the federal government.

The annua

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