A provincial investment means creating more full-time jobs for a Moncton-based HVAC manufacturer, officials said Thursday.
The Government of New Brunswick said in a release it is providing $280,000 in payroll rebates for Greystone Energy Systems Inc.
Officials said it means up to 34 new full-time jobs.
“Greystone is an important part of our province’s advanced manufacturing sector with their commitment to best practices and the latest technology and processes,” said Greg Turner, minister of Opportunities New Brunswick.
“Through innovation, their HVAC sensors and transmitters are helping to strengthen New Brunswick’s economy by supporting businesses at home and attracting new investment from around the world.”
The province said it is providing the support for a workforce expansion at Greystone’s Moncton-based headquarters between 2022 and 2025.
It’s estimated the project will contribute $11.9 million in incremental GDP over the course of three years.
“We have conscientiously established a worldwide reputation as an industry leader by maintaining leading-edge design technology, prompt technical support, and a commitment to on-time deliveries,” said Robin Drummond, president and CEO of Greystone, in a news release.
“With this funding, we will be able to support our growth and sustain demand for our products as we strive to be the premier independent supplier of high-quality sensing and measurement devices to the HVAC industry.”