Disclosures: Strategic Investment Funds 2022/23
Tuesday, June 28, 2022
Tuesday June 28, 2022
Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of payroll rebate for Avanade Canada Inc. The company has established and will grow a new Halifax office it is calling an engineering hub.
Founded by Accenture and Microsoft in 2000, Avanade Inc. is a global professional services company providing IT consulting and services focused on the Microsoft platform and is Microsoft’s leading solutions provider.
Avanade Canada Inc. is a subsidiary of Accenture with expertise in AI, business analytics cloud application services, digital transformation modern workplace, security services technology and managed services offerings.
With the potential to create a total of up to 700 Information, Communication and Technology (ICT) jobs per the terms of the five-year payroll agreement, Avanade aims to recruit 300+ professionals, both entry- and experienced levels, within the first two years. Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend up to $169,950,000 in salaries and benefits.
It is also estimated that the new employees would contribute provincial tax revenues of around $23,010,000 through their income and consumption taxes. As a result, the company could earn a rebate of up to $12,264,210 over five years.
North America Communications Lead