Yarmouth, N.S. (May 17, 2005) - Register.com, a leading provider of global domain names, web sites, email accounts and many other Internet services, headquartered in New York City, is expanding its operations in Nova Scotia.
Premier John Hamm made the announcement today, May 17, along with Peter Forman, President and CEO of Register.com, Municipal Warden Bryan Smith, Economic Development Minister Ernest Fage, Natural Resources Minister Richard Hurlburt, Agriculture and Fisheries Minister Chris d’Entremont and Craig Stanfield, Manager of Investment Projects, Nova Scotia Business Inc. (NSBI).
With the support of coordinated agreements between the municipal and provincial governments, the company is positioned to increase its workforce in Nova Scotia by over 300 jobs, to as many as 570 positions. Under the agreements, newly created positions could include additional jobs at the existing Yarmouth operation, as well as up to 120 new higher skilled-higher paid jobs, and as many as 150 new work-from-home positions from southwestern and rural Nova Scotia.
"Register.com is expanding its Nova Scotia operations because the company recognizes the strength of the Nova Scotia’s labour force," said Premier Hamm. "The municipality and the province have worked together to build on this strength, and created the right conditions to allow the company to significantly increase its Nova Scotian operations.”
The Agreements include:
The Municipality of the District of Yarmouth, the Municipality of the District of Argyle and the Town of Yarmouth are contributing $800,000 to support the expansion of the building.
NSBI is extending the term of an existing payroll rebate agreement, originally signed in 2001, by an additional 2 years to allow the company to take advantage of approximately $1million in remaining rebates.
Nova Scotia’s Office of Economic Development (OED) will provide $300,000 towards infrastructure costs to support as many as 150 new work-from-home positions. These positions will be recruited from southwestern and rural Nova Scotia. NSBI will leverage this investment through the provision of an $840,000 maximum payroll rebate, over a five-year period.
To encourage the development of higher skilled and higher paid positions to support Register.com’s global operations in Nova Scotia, NSBI is providing a five year, $1.59 million payroll rebate to support the creation of up to a further 120 jobs.
"Register.com views our experience in Nova Scotia as a true success story for everyone involved,” Mr. Forman commented. “With a top-rate infrastructure, a loyal and talented workforce, and strong community support in Yarmouth, we have been consistently delighted by the efficiency of our growing Nova Scotia operations."
The company will recruit workers from southwest and rural Nova Scotia to fill the 150 work-from-home positions. This program may provide opportunities for disabled Nova Scotians.
"OED’s investment in equipment will support increased at-home employment options for Nova Scotians," said Mr. Fage. “This is an example of the effort to find innovative ways to promote job creation."
Register.com is one of the largest employers in the town of Yarmouth and has become a key component of the region’s economic growth.
“This is a tremendous success story for the company, the town of Yarmouth and the Province,” said Minister Hurlburt. “The excellent performance Register.com’s Yarmouth team since the company’s arrival in 2001 was the key reason for the expansion of its operations in Nova Scotia.
The payroll rebate is a performance-based incentive that is rebated to the company only after the jobs have been put in place. The tool is a very effective inducement for companies to meet their job creation targets and thereby earn their rebate.
“Register’s growing presence in Nova Scotia is another endorsement of the province's strong business case for Internet services companies seeking an ideal environment to locate their operations,” said Mr. Lund.
Nova Scotia Business Inc. is the business development agency for Nova Scotia, led by a private-sector board of directors. It is the investment attraction arm of the province and helps companies in Nova Scotia meet their growth potential through business advisory, export development and financing services.
Register.com, Inc. (www.register.com ) is a leading provider of global domain name registration and Internet services for businesses and consumers that wish to have a unique address and branded identity on the Internet. With approximately three million domain names under management, Register.com has built a brand based on quality domain name management services for small and medium sized businesses, large corporations, as well as ISPs, telcos and other online businesses. The company was founded in 1994 and is based in New York.