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  • Disclosures: Strategic Investment Funds 2020/21

Disclosures: Strategic Investment Funds 2020/21

Tuesday, July 14, 2020

Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a payroll rebate for the software development company Ai-Media Canada Inc. Ai-Media is headquartered in Sydney, Australia and has eight offices across the USA, UK, Canada (Toronto) and Singapore and will expand its operations to Halifax, Nova Scotia.

Founded in 2003, Ai-Media, which stands for Access Inclusion, is a software development company helping the world stay accessible with captions, transcripts, subtitles, described video, and more.

Ai-Media has the potential to create up to 52 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend $7,254,000 in salaries.

It also estimated that the new employees would contribute provincial tax revenues of around $946,000 through their income and consumption taxes. As a result, the company would earn a rebate of up to $496,080 over five years.

The company will be eligible for a smaller rebate if it creates less than 52 new jobs.

Media Contact:

Stephen Thompson, 

Email: stephen.thompson@ai-media.tv

Tel:  614-613-2514

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Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a payroll rebate for HuMetis Technologies Inc. a consulting and staffware solutions company in the IT industry. HuMetis has two offices in Mississauga, ON and Kingston, NJ and is opening a new office in Halifax, Nova Scotia.

Founded in 2009 HuMetis is a software development company merging technology to help businesses build and integrate employee related solutions. HuMetis merges human methodology with state-of-the-art technology.

HuMetis has the potential to create up to 150 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates that the company could spend $23,400,000 in salaries.

It also estimated that the new employees would contribute provincial tax revenues of around $3 million through their income and consumption taxes. As a result, the company would earn a rebate of up to $1,864,200 over five years.

Media Contact:

Babu Sampath

HuMetis Technologies Inc. Tel: 647 745 2280

Email: babu.sampath@humetis.com

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NSBI has approved a business development incentive in the form of a payroll rebate for Wattpad Corporation, a global multi-platform entertainment company founded in Toronto in 2006, to establish a second headquarters in Halifax. 

The Wattpad platform is for readers and writers to publish new user-generated stories and has an audience of more than 80 million users across the world.

Wattpad has the potential to create up to 88 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates that the company could spend $16.95 million in salaries.

It also estimated that the new employees would contribute provincial tax revenues of around $2.17 million through their income and consumption taxes. As a result, the company would earn a rebate of up to $1.31 million over five years.

The company will be eligible for a smaller rebate if it creates less than 88 new jobs.

Media Contact:

Kiel Hume 

Wattpad Corporation

Email: kiel@wattpad.com

Tel: 416-908-3604

June 9, 2020

Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a payroll rebate for enterprise software development company Arcurve Inc., who has hubs in Calgary, AB (HQ), Houston, TX , and Vancouver, BC. Arcurve is opening a new hub in Halifax, Nova Scotia.

Founded in 2006, Arcurve develops solutions and delivers projects to help organizations design, build and integrate business driven technology solutions.  

Arcurve has the potential to create up to 105 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates that the company could spend $19,250,000 in salaries.

It also estimated that the new employees would contribute provincial tax revenues of around $2.466 million through their income and consumption taxes. 

As a result, the company would earn a rebate of up to $1,264,200 over five years.

Media Contact:

Arcurve Inc. 

Tel: 1-403-804-0548 

Email: andrew.varsanyi@arcurve.com

May 26, 2020

Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a payroll rebate for Real World Retail Limited, based in Ireland, to expand its operations to the Annapolis Valley in Nova Scotia. 

Founded in 2013 and headquartered in Dublin, Ireland, Real World is a software as a service analytics company with a portfolio of products that serve niche vertical markets in pharmacy, retail and automotive sectors around the globe.  

Real World has the potential to create up to 50 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates that the company could spend $9 million in salaries. 

It also estimated that the new employees would contribute provincial tax revenues of around $1.156 million through their income and consumption taxes. As a result, the company would earn a rebate of up to $702,000 over five years. 

The company will be eligible for a smaller rebate if it creates less than 50 new jobs. 

Media Contact:

Conall Lavery

Tel:  +353 86 819 8007   

Email: conall.lavery@realworldanalytics.com 

April 28, 2020

Nova Scotia Business Inc. (NSBI) has approved a business development incentive in the form of a payroll rebate for NorthBay Solutions, LLC, an Amazon Web Services (AWS) focused Advanced Consulting Partner, to open its operations in Halifax, Nova Scotia. 

Founded in 2007, the US-based company is an Amazon Web Services (AWS) focused consulting partner working with onshore and offshore customers to accelerate the reinvention of their applications and data for the cloud. NorthBay was the first AWS Partner to achieve "Big Data" competency and also the first partner to achieve the "Machine Learning" competency from AWS. 

NorthBay has the potential to create up to 200 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates that the company could spend $15.2 million in salaries.

It also estimated that the new employees would contribute provincial tax revenues of around $5.13 million through their income and consumption taxes. As a result, the company would earn a rebate of up to $2.49 million over five years.

The company will be eligible for a smaller rebate if it creates less than 200 new jobs.

The following business development incentives in the form of payroll rebates were announced during the fiscal year of 2020-21. Payroll rebates are disbursed through the Strategic Investment Funds.

Media Contact:

John Flavin 

North Bay Solutions

Email: john.flavin@northbaysolutions.com

 

April 14, 2020

NSBI has approved a business development incentive in the form of a payroll rebate for Turtle Greens Ltd., a wholly owned subsidiary of ViaTalenta Group Ltd, to establish new operations in the agri-food market in Sydney, Cape Breton.

ViaTalenta Group Ltd is a Swiss family office that focuses on economic development through impact investments and philanthropic activities.  All investments generate a measurable, beneficial social and environmental impact alongside a financial return.

Turtle Greens has the potential to create up to 60 jobs under the five-year payroll rebate agreement. Based on the maximum growth forecast of the agreement, NSBI estimates that the company could spend $11.13 million in salaries.  It also estimated that the new employees would contribute provincial tax revenues of around $1.44 million through their income and consumption taxes. As a result, the company would earn a rebate of up to $846,825 over five years.

The company will be eligible for a smaller rebate if it creates less than 60 new jobs.

Media Contact:

Edgar Mora

Via Talenta Group Ltd.

Email: office@viatalenta.com

For media queries contact:
902.424.3527