HALIFAX (Sept. 9, 2002) Three Nova Scotia companies are planning future growth with support from payroll rebate agreements. KLJ Field Services of Windsor, Sydney Technologies of North Sydney, and Xerox Canada in Halifax are expanding operations by about 300 jobs combined over the next five years.
Stephen Lund, president and CEO of Nova Scotia Business Inc., cited the recent success at Convergys Corp. in Dartmouth and New Glasgow as an example of payroll rebates at work. The international customer contact company had initially planned to employ about 1,000 people at one site when it set up in the province several years ago.
A payroll rebate helped Convergys establish roots in Nova Scotia, and the company's recent decision to increase staff beyond its current 2,600 employees shows that this performance-based approach works well, said Lund, whose agency manages the rebate program. We are optimistic that KLJ Field Services, Sydney Technologies and Xerox can leverage the same program to have a strong economic impact in their communities.
Details of the agreements with the three companies include:
KLJ Field Services Inc., Windsor qualifies for a rebate of up to $650,000 over five years. The market research data collection centre is expected to add between 50 and 138 full-time equivalent (FTE) jobs during this period. Currently, it employs 45 FTEs.
Sydney Technologies Inc., North Sydney qualifies for a rebate of up to $430,000 over five years. It is expected to add between 70 and 76 FTEs to its current workforce of 14. The company, in the Sydport Industrial Park, does high-speed computer numeric controlled or CNC machining.
Xerox Canada Ltd., Halifax qualifies for a rebate of up to $1.6 million over five years, based on an increase of up to 200 FTEs. The jobs will be at its new Teleweb/Welcome Centre in Dartmouth. The employees will provide high-level hardware and software support to Xerox customers.
The payroll rebate is a performance-based incentive that may be offered to eligible companies locating or expanding in the province. The rebate is based on a percentage of the new payroll generated by a project and disbursed after the jobs are created and maintained. In other words, the rebate is not a cost: the money returned represents a fraction of the taxes already paid by the company's new employees.
Nova Scotia Business Inc. is a private sector-led corporation that works to expand business activity in the province. Its objectives include attracting new enterprises to the province by promoting its business advantages and helping existing businesses grow through export development and financing.