The money is coming from the Atlantic Canada Opportunities Agency.
Spec Environmental Solutions Inc. is getting a $419,000 loan to create a waste management system that will enable more efficient composting practices.
Southwest Eco-Energy Ltd. is getting a $500,000 loan to develop a system that will keep mink waste out of landfill sites while producing bio-fuel.
Both firms are based in Digby County.
Greg Kerr, the Tory MP for West Nova, issued a statement Friday saying the Nova Scotia government is investing $195,300 in Spec Environmental and $351,800 in Southwest Eco-Energy.