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Monday, December 2, 2013

Job Subsidies To Rich Corporations Being Questioned

Some eyebrows being raised over whether the Alward Government should have given T-D a subsidy of 2 million dollars in training costs for the creation of 275 jobs at its insurance call centre on Rothesay Avenue over the next three years.. 

The Atlantic Director of the Canadian Taxpayers Federation, Kevin Lacey tells CHSJ News it smacks of desperation on the part of the provincial government and calls it a race to the bottom, saying if you do it for one company, other firms will expect subsidies as well. 

Lacey also points out T-D isn't exactly strapped for cash having reported a profit of 1.6 billion dollars.

He says a better long term strategy is to create a workforce who are so skilled, companies will want to set up shop to take advantage of their skills.