REDspace approved for payroll rebate with an eye on 125 new jobs

A digital studio in Bedford has received a payroll rebate to expand its operations.

Nova Scotia Business Inc. (NSBI) says REDspace Inc. has the potential to create up to 125 jobs under the five-year payroll rebate agreement.

NSBI estimates the new employees would contribute provincial tax revenues of just over $2.5 million, so REDspace is eligible for a maximum rebate of just under $1.5 million over five years.

The company, which currently employs 170 people, would be eligible for a smaller rebate if it creates fewer than 125 new jobs.

REDspace is a full-service digital studio specializing in mobile, web, video and gaming for media brands and networks including Turner, NBC, FOX, Viacom, and Sony Pictures.