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Saturday, September 14, 2013

Premier Defends Giving Companies Financial Incentives

Mariner Partners at the Red Rose Tea Building is the latest company in the province to get a payroll rebate in order to expand its workforce. 

Premier David Alward is rejecting criticism of offering companies in the province such rebates in order to expand. 

The programme was criticised by Provincial NDP Leader Dominic Cardy after layoffs at Radian 6 but Alward is not dissuaded. He maintains Radian 6, based in San Francisco, will still be growing its footprint in the province. 

The Premier adds the risk to taxpayers is greatly reduced with payroll rebates because the government money isn't paid out until the jobs are filled.

Alward also sees Information Technology companies as being part of the foundation for long term economic growth in the province.