Thank you, Mr. Chairman. These are guidelines that I mentioned. One job would be equivalent to a contribution of $100,000 capital, so if they were going to create, at one time, five jobs, it would be requesting $500,000 or equivalent. If it is ongoing operating subsidies, we use a standard of $10,000 per job. If there is a $200,000 operating subsidy that should equate to about 20 jobs. Those are the guidelines that are in existence now and they are under review.
Mr. Koe on Committee Motion 25-13(7): Resurrecting And Priorizing The Northern Accord Proposal
In the Legislative Assembly on April 29th, 1999. See this statement in context.
Committee Motion 25-13(7): Resurrecting And Priorizing The Northern Accord Proposal
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
April 28th, 1999
Page 450
Koe
See context to find out what was said next.