HALIFAX - Nova Scotia Business Inc. (NSBI) announced today that it has agreed to terms with On-Line Support Inc. on a payroll rebate agreement that will allow the company to continue to grow in Nova Scotia. The Atlantic Canadian information technology company, provides high quality help desk and technical support to clients in the telecommunications, financial, and insurance sectors.
Our mandate is to support business growth and help our companies increase their international competitiveness, and this payroll rebate will help On-Line do exactly that, said Stephen Lund, President and CEO of Nova Scotia Business Inc. The payroll rebate is an excellent financial tool for encouraging a company's growth because it rewards the company for reaching performance milestones and yet is a fiscally responsible way to support business growth.
The company already has a site in Kentville with more than 100 employees. The new agreement calls for a facility in Halifax Regional Municipality that will employ at least 250 employees at the end of five years. If On-Line meets its targets in Halifax, it could establish an additional operation in a rural area by the beginning of the third year. The company would be eligible for up to $3 million if it employs 350 people in Halifax and 150 people in the rural facility by the end of the seven year agreement.
"We continue to be proud of the success we've seen in Nova Scotia, and we hope to continue that growth with support from Nova Scotia Business Inc.," said Ross Beattie, President and CEO of On-Line Support Inc. "We hope to mirror the success we've had in Kentville and be in a position where we can comfortably become members of yet another Nova Scotia community."
This announcement is another example of the province's economic growth strategy at work, said Cecil Clarke, Minister of Economic Development. Our province continues to put more people to work than at any other time in our history and it is testament to the skills of our people and the support of our private and public sector partnerships.
Nova Scotia Business Inc. is the province's business development agency, an organization that works with companies to provide business solutions. The private sector- led agency works to attract new business to the province and help those already in Nova Scotia expand through services such as export development and financing.