October 30, 2018 2:29 pm

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

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

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

© 2018 Global News, a division of Corus Entertainment Inc.

Report an error


Want to discuss? Please read our Commenting Policy first.