Payroll rebate agreement amended after company projects more hires

A payroll rebate agreement with BeyondTrust has been amended as the company is projected to create 60 more jobs than expected.

The initial agreement involving up to 100 jobs was announced in April, 2014, but Nova Scotia Business Inc. (NSBI) now says the company could create up to 160.

NSBI says it's estimated that the new employees would contribute around $5.8 million in provincial tax revenues, so BeyondTrust is qualified to earn up to $3,825,528 through the payroll rebate.

The company would be eligible for less if fewer than 160 jobs are created.