Financial services company Citco is creating up to 325 new jobs in Halifax as it makes the city one of its technology development centres.
The company said Tuesday the jobs, which range from technical support to software development, will be created over the next six years.
“We are excited to see a company of this calibre choosing Nova Scotia for yet another investment, this time through an IT (information technology) expansion,” Nova Scotia Premier Rodney MacDonald said in a news release. “It will complement Citco’s already impressive financial services growth in our province.”
The announcement was made during a visit by MacDonald to New York.
Citco, which supplies services to the hedge fund industry, is getting a payroll rebate of up to $7 million over six years from the province.
Another $1.47 million will be spent by the province to support start-up costs and training.
Citco announced plans in 2006 to create up to 350 financial services jobs in Halifax over a seven-year period and the province says it is on target to meet its hiring targets.