Called a contribution, $500,000 handed out today to a local offshore supply and service company from the provincial government doesn’t have to be repaid.
The criteria for getting the cash are, in a word, vague.
The promotional material talks about technology transfer and large-scale local enterprises. The actual eligibility criteria are much less stringent. The job creation and other benefits to flow from the project are – in the words of the business department – required to be merely “incremental”.
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