Advertisement

Software development company awarded $2M payroll rebate for 106 positions at new Halifax office

The logo of Nova Scotia Business Inc.
The logo of Nova Scotia Business Inc. Nova Scotia Business Inc.

The Nova Scotia government has awarded a tech company an estimated $2-million payroll rebate for their new office in Halifax.

Nova Scotia Business Inc. (NSBI) — the province’s business development agency — says it’s tying the five-year payroll rebate to MobSquad hiring 100 new employees.

READ MORE: Just 1 in 3 targeted jobs materialize through N.S. payroll subsidies

MobSquad, which provides U.S. startups with full-time tech and software development support, must staff the new positions with a combination of new graduates and “new Nova Scotians.”

NSBI says new Nova Scotians “would be employees recruited from other parts of Canada or internationally and would become a resident of Nova Scotia as defined by [Canada’s Income Tax Act].”

If MobSquad hires 100 new employees, NSBI estimates the company could spend $23,157,000 on salaries over the next five years.

WATCH: Malware on Nova Scotia Business Inc.’s website went unnoticed for up to 6 years

Malware on Nova Scotia Business Inc.’s website went unnoticed for up to 6 years
Malware on Nova Scotia Business Inc.’s website went unnoticed for up to 6 years

The province says the software development company would qualify for a smaller rebate if it creates fewer than 100 of the eligible positions.

Story continues below advertisement