HALIFAX—Just one in three potential jobs announced by Nova Scotia’s economic development agency through its payroll rebate program actually materialized over the past four years, a figure rekindling debate over the impact of the incentives. The most recent update for 2014-15 had the company creating 11 of 200 possible jobs up to that year, just over the minimum required to qualify for any subsidies. She also says there is tough competition from other Canadian provinces and international locations to attract companies such as the Royal Bank of Canada, and the rebate incentives keeps Nova Scotia in contention. Too often you see commitments made to communities starving for jobs but in the long run the jobs don’t materialize,” he said. Financial services firm Mitsubishi UFG, formerly known as Butterfield Fulcrum, has been subsidized for over a decade.

Source: thestar March 14, 2017 19:41 UTC