SPRINGHILL Over 100 jobs in the province are being backed by a new job retention incentive and manufacturers throughout Nova Scotia are encouraged to give their employees the same guarantee while expanding provincial exports.
Nova Scotia Business Inc. announced Friday that Surrette Battery in Springhill and Parrsboro Metal Fabricators Ltd. are the first successful applicants to the revamped payroll rebate program. Through the program Surrette Battery stands to earn back $74,000 in payroll taxes over the next five years from the province, while Parssboro Metal Fabricators could qualify for a maximum of $138,000 in payroll tax rebates.
Originally a tool to lure manufacturers into the province the NSBI program offered payroll rebates for creating jobs. Earlier this month that mandate changed to include job retention while promoting product development and export growth for existing manufactures.
Its a win-win opportunity, NSBI says, but emphasizes its not a handout for struggling businesses. Its a hand-up for the ones looking to expand.
It makes good business sense to invest more in your business for less, Pat Ryan, NSBI vice president and chief operating officer, said. Its an opportunity to open new export markets or expand export markets and a new opportunity to retain employees.
For the full story, pick up a copy of the Monday News.
Employers commit to future of more than 100 jobs
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Published on
March 28, 2008
- Published on January 4, 2010
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Christopher Gooding
New program to benefit rural communities the most, Minister says
SPRINGHILL Over 100 jobs in the province are being backed by a new job retention incentive and manufacturers throughout Nova Scotia are encouraged to give their employees the same guarantee while expanding provincial exports.
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