Canadian Nuclear Laboratories to establish National Innovation Centre in Fredericton: Province

Government says Canadian Nuclear Laboratories (CNL) will establish a National Innovation Centre in Fredericton.  

The province says this centre will help CNL, a nuclear science and technology company, significantly expand its cybersecurity research capabilities. 

CNL is set to invest more than $3 million in equipment and security for its new Knowledge Park facility, which is expected to add 24 employees to its Fredericton office over a five-year period.

Government says CNL is eligible for a $1.075 million investment from Opportunities NB, which will include $575,000 in payroll rebates and a $500,000 non-repayable contribution. 

The payroll rebates will be provided annually as the company creates and maintains the jobs.