From a three-person start-up company, to helping
millions of patients save money on their brand name prescriptions, STI Technologies Inc.is a local company providing comprehensive technology
and solutions that benefit patients, doctors, pharmacies and drug
manufacturers across Canada.
in Nova Scotia is world class and we've built our success on creating
numerous challenging and rewarding career opportunities for both those
who wish to remain in the region, as well as those who want to come and
live here," said Steve Nicolle, chief executive officer, STI
gearing up to expand and has signed a five-year incentive agreement with
Nova Scotia Business Inc. (NSBI) to encourage the company's investment
and employment choices to happen in Nova Scotia.
start, STI must create at least seven full-time equivalent positions in
the first year of the agreement. Once that happens, the company is
eligible to earn a rebate on the payroll it spent creating the new
positions. This rebate applies to new positions between the minimum of
seven and maximum of 48.
will add over $9 million in salary costs if the company creates 48 new
positions. Employees would then pay provincial personal income taxes of
about $1.13 million. As a result, the company can earn up to $669,320 in
payroll rebates through NSBI's Strategic Investment Funds.
market is the Canadian pharmaceutical industry, which is concentrated
in Toronto and Montreal. This NSBI payroll rebate will allow us to
continue to add even more jobs here in Halifax and overcome some of the
challenges that represents to our competitive situation," said Mr.
company currently employs more than 50 people, including software
engineers, sales and marketing professionals, and a variety of other
head-office personnel. STI's unique business approach has been
successful in attracting professionals to Nova Scotia to live and work,
in addition to hiring an equal number of new graduates of Nova Scotia
universities; making up over 40 per cent of their current workforce.
is a tremendous example of home-grown entrepreneurship, with the
majority of its leadership team having Dalhousie heritage", said Ed
Leach, assistant professor and director of the Norman Newman Centre for
Entrepreneurship, Rowe School of Business, Dalhousie University. "The
region needs more companies like STI with a proven track record of
cultivating a new generation of entrepreneurs, by providing rewarding
job opportunities here in Atlantic Canada for our co-op students and
graduates in business, computer science, and health sciences."
offers intelligent reimbursement programs that help patients save money
on many prescription medications. STI's programs broaden access and
choice to medications and healthcare products for all Canadians, making
them a leader in the healthcare industry.
For more information on STI and new job opportunities, visit smartsti.com or email the company directly at smartsti.com.