The program will receive $2 million in funding annually for the next five years.
Government has announced a new program designed to attract new investment that supports innovation, economic development and diversification. Industry Minister Andrew Parsons announced details today of the Job Accelerator and Growth Program. The application-based program provides qualified companies with a payroll rebate of 10 per cent for each job created. A further five per cent is added for the hiring of a recent graduate in the province or a new resident to the province from another jurisdiction with priority skills that are in limited supply here. In return, the applicant must agree to create at least 20 incremental jobs over a three-year period with a minimum average salary of $50,000, and must demonstrate a long-term commitment to the province in the form of capital or other investment. The program will receive $2 million in funding annually for the next five years.
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