Job Accelerator and Growth Program
The Job Accelerator and Growth Program (JAG Program) is a new program created to support job creation and investment in Newfoundland and Labrador. The program will promote economic growth and development by providing a payroll rebate on qualifying incremental job creation. The program aims to attract established companies that are ready to commit to the province long term, have solid management, a record of success, and a clear path to growth.
Offered by Department of Jobs, Growth and Rural Development, Government of Newfoundland and Labrador
Amount
Annual payroll rebate of 10 per cent of the yearly incremental gross salaries on each incremental job created for three years, plus a further 5 per cent for hiring a recent post-secondary graduate or a newcomer with priority skills
Quick eligibility check
Who can apply
Companies committing to create min. 20 new jobs over 3 years at avg. $50,000 salary and demonstrate long-term investment; excludes companies needing industrial benefits agreements (energy/mining) and non-strategic sectors like retail, real estate, call centres
About the funding
Qualifying companies will receive an annual payroll rebate of 10 per cent on each incremental job created for the duration of the three-year period, subject to the provision of annual payroll data to the province. A further five per cent incentive will be available for the hiring of recent graduates in the province, or for the hiring of newcomers to the province who have priority skills that are in short supply in Newfoundland and Labrador.
The program will provide an annual incentive for three years following approval in the program. This non-repayable contribution will be provided to the company at a standard rate of 10 per cent of the yearly incremental gross salaries. In addition, an additional 5 per cent rebate in hiring an employee identified as a recent post-secondary graduate or a newcomer with priority skills.
Disbursements will occur annually and only after the department has verified that employment targets for each year have been met.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Canadian Roundtable for Sustainable Beef (CRSB) | Rebate | Up to $4,000 | Open |
| Ducks Unlimited Canada and PepsiCo | Rebate | Lesser of a portion of your lending with FCC, to a maximum of $4,000 per year, or $100 per acre registered in DUC's Marginal Areas Program | Open |
| Fertilizer Canada’s Nutrient Stewardship Program – 4R | Rebate | Up to $4,000 | Open |
| McCain Regenerative Agriculture Framework | Rebate | Incentive calculated as a portion of your lending with FCC, up to $4,000 in one year | Open |
