Disclosures: Strategic Investment Funds - 2018/19
Tuesday, February 5, 2019
The following business development incentives in the form of payroll rebates were announced during the fiscal year of 2018-19. Payroll rebates are disbursed through the Strategic Investment Funds.
February 5, 2019
Invest Nova Scotia (INS) has an agreement with Influitive Corporation in the form of a payroll rebate.
Influitive helps companies create customer communities through its platform AdvocateHub to accelerate sales, improve customer experience, and drive product innovation.
Influitive has the potential to create up to 30 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend $7,000,000 in salaries.
It is also estimated the new employees would contribute provincial tax revenues of $821,000 through their income and consumption taxes. As a result, the company would earn a rebate up to $448,000 over five years.
Invest Nova Scotia is Nova Scotia’s business development agency that works to promote economic growth and community economic development in the province by enabling business, innovation and entrepreneurship.
We are Nova Scotians supporting businesses small and large; new and new to our province.
Media Contact:Danny An
Influitive Corporation
647-588-1565
Email: danny@influitive.com
Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a payroll rebate for Savormetrics Inc.
Savormetrics Inc. is a food technology company that creates tools for its clients to help them detect and predict food quality and safety metrics in real time. Their clients include grocery chains and food processors.
Savormetrics has the potential to create up to 75 jobs under the three-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend $9,112,500 in salaries.
It is also estimated the new employees would contribute provincial tax revenues of $1,056,000 through their income and consumption taxes. As a result, the company would earn a rebate up to $619,650 over three years.
Media Contact
Harjeet Bajaj
Savormetrics Inc.
905-906-0921
Email: harjeet@savormetrics.com
February 4, 2019
Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a payroll rebate for The Sydney Call Centre Inc.
The Sydney Call Centre Inc. has the potential to create up to 750 jobs under the three-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend $49,500,000 in payroll.
It is also estimated employees in those jobs would contribute provincial tax revenues of $5,053,000 through their income and consumption taxes. As a result, the company would earn a rebate up to $2,475,000 over three years.
Media Contact
Anthony Marlowe
MCI, LC
Email: anthony.marlowe@mci.world
January 2, 2019
Invest Nova Scotia (INS) has an agreement with RedSpace Inc. in the form of a payroll rebate.
REDspace is a full-service digital studio specializing in mobile, web, video and gaming for media brands and networks including Turner, NBC, FOX, Viacom, and Sony Pictures. The company provides new ways for its clients to deliver interactive experiences to its users around the world.
REDspace Inc. has the potential to create up to 125 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend $22,187,500 in salaries.
It is also estimated the new employees would contribute provincial tax revenues of $2,518,000 through their income and consumption taxes. As a result, the company would earn a rebate up to $1,497,500 over five years.
Invest Nova Scotia is Nova Scotia’s business development agency that works to promote economic growth and community economic development in the province by enabling business, innovation and entrepreneurship.
We are Nova Scotians supporting businesses small and large; new and new to our province.
Media Contact:
Daphne North
REDspace
902-809-3274
Invest Nova Scotia (INS) has an agreement with Monkedia LLC in the form of a payroll rebate.
Monkedia has created a technology that helps clients improve their digital advertising campaigns by pairing machine learning, artificial intelligence and creative strategies. The company is expanding its satellite office in Dartmouth.
Monkedia has the potential to create up to 50 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend $9,360,000 in salaries.
It is also estimated the new employees would contribute provincial tax revenues of $1,074,000 through their income and consumption taxes. As a result, the company would earn a rebate up to $610,350 over five years.
Invest Nova Scotia is Nova Scotia’s business development agency that works to promote economic growth and community economic development in the province by enabling business, innovation and entrepreneurship.
We are Nova Scotians supporting businesses small and large; new and new to our province.
Media Contact
Shane Veinot
Monkedia
Email: media@monkedia.com
October 30, 2018
Invest Nova Scotia (INS) has an agreement with MobSquad in the form of a payroll rebate.
The company's new Halifax office is projected to employ up to 106 positions and will export software development and engineering services to U.S.-based clients.
The rebate agreement will be tied directly to 100 of the positions MobSquad will hire, which must be staffed by a combination of new graduates and new Nova Scotians.
Under the five-year payroll rebate agreement, if MobSquad creates the 100 eligible positions, NSBI estimates the company could spend $23,157,000 in salaries.
It is also estimated that the new employees would contribute provincial tax revenues of $2,928,000 through their income and consumption taxes. As a result, the company would earn a rebate of up to $2,084,130 over five years.
Invest Nova Scotia is Nova Scotia’s business development agency that works to promote economic growth and community economic development in the province by enabling business, innovation and entrepreneurship.
We are Nova Scotians supporting businesses small and large; new and new to our province.
Media Contact
Irfhan Rawji
MobSquad
587-205-4838
Email: irfhan@mobsquad.io
October 23, 2018
Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a payroll rebate for Manulife's continued growth in Halifax.
Manulife Financial Corporation (Manulife), a leading global financial services company headquartered in Canada, is transforming its business to become a digital, customer-centric market leader. It has decided to expand its existing operation in Halifax, with the potential to create up to a maximum of 600 additional jobs in the province over the next five years. Based on the maximum growth forecast of this 2018 agreement, NSBI estimates the company could spend $139,800,000 in salaries.
Since first entering into a payroll rebate agreement with NSBI in 2014, Manulife has added 152 full-time equivalent jobs in Nova Scotia.
It is also estimated the new employees would contribute provincial tax revenues of $15,852,000 through their income and consumption taxes. As a result, the company would earn a rebate up to $9,877,500 over five years.
Media Contact
Manulife Financial Corporation
Email: media_relations@manulife.com
September 18, 2018
Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a payroll rebate for DiLytics Canada Inc. DiLytics builds business intelligence, data warehousing, ETL and enterprise performance management based analytic solutions. The company is establishing an office in Halifax.
DiLytics has the potential to create up to a maximum of 30 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend $5,880,000 in salaries.
It is also estimated the new employees would contribute provincial tax revenues of $689,000 through their income and consumption taxes. As a result, the company would earn a rebate up to $382,200 over five years.
July 10, 2018
Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a payroll rebate for BeyondTrust.
BeyondTrust is a global cyber security company dedicated to preventing privilege misuse and stopping unauthorized access leading to data breaches. The company is expanding its Halifax office.
BeyondTrust has the potential to create up to a maximum of 150 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend $37,825,000 in salaries.
It is also estimated the new employees would contribute provincial tax revenues of $4,842,000 through their income and consumption taxes. As a result, the company would earn a rebate up to $3,120,563 over five years.
June 12, 2018
Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a payroll rebate for REIN Technologies Inc. REIN is an insurance technology company building an insurance and risk platform. The company isestablishing a new office in Halifax.
The company has the potential to create up to a maximum of 65 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend $13,860,000 in salaries.
It is also estimated the new employees would contribute provincial tax revenues of $1,568,000 through their income and consumption taxes. As a result, the company would earn a rebate up to $1,017,016 over five years.
Learn more about REIN.
May 22, 2018
Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a payroll rebate for Velsoft Training Materials Inc., based in New Glasgow, Nova Scotia.
Velsoft, a fully-integrated e-learning company, has the potential to create up to a maximum of 30 new jobs related to the expansion of its virtual campus opportunities and line of business. Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend $4,500,000 in salaries.
It is also estimated the new employees would contribute provincial tax revenues of $480,000 through their income and consumption taxes. As a result, the company would earn a rebate up to $315,000 over five years.
Learn more about Velsoft.
May 15, 2018
Invest Nova Scotia (INS) has an agreement with Opus Fund Services (Canada) Limited in the form of a payroll rebate.
Opus Fund Services (Canada) Limited is an independent and privately owned full-service fund administrator.
Opus Fund Services is expanding its global footprint, adding a new office in Halifax.
The company has the potential to create up to a maximum of 30 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend $5,580,000 in salaries.
It is also estimated the new employees would contribute provincial tax revenues of $627,000 through their income and consumption taxes. As a result, the company would earn a rebate up to $369,000 over five years.
Learn more about Opus Fund Services
Invest Nova Scotia is Nova Scotia’s business development agency that works to promote economic growth and community economic development in the province by enabling business, innovation and entrepreneurship.
We are Nova Scotians supporting businesses small and large; new and new to our province.
Media ContactRobin Bedford
Opus Fund Services
312-256-9974
Email: rbedford@opusfundservices.com
Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a payroll rebate for VistaCare Communications Services of Canada Inc.
VistaCare Communications, a full-service provider and administrator of commercial communications and building security systems, has the potential to create up to a maximum of 100 jobs under the five-year payroll rebate agreement.
With headquarters in Bedford, the company is expanding their Nova Scotia operations to support growth into new Canadian and U.S. markets.
Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend $13,775,000 in salaries. It’s estimated the new employees would contribute provincial tax revenues of $1,475,000 through their income and consumption taxes. As a result, VistaCare Communications would earn up to $826,500 over five years.
Learn more about VistaCare Communications
Media Contact
Wayne Gillian
VistaCare Communications
902-220-6007
Email: wayne.gillian@vistacaretech.com
Wayne Gillian
VistaCare Communications
902-220-6007
Email: wayne.gillian@vistacaretech.com