AllNovaScotia.com is reporting this morning that Research In Motion will be announcing a huge research and development centre to be located in Dartmouth, Nova Scotia.
They are suggesting that 1,200 jobs are involved.
If this is true, hallelujah.
A mini economic spinoff model:
1,200 jobs @ $60k = $72M in direct payroll
The multiplier on those highend jobs would be at least another 1,200 jobs (services, retail, etc.) at much lower average salaries but we are still looking at round $45M in indirect payroll.
The taxes paid in Nova Scotia (income, HST, etc.) should amount to $20 million or more per year.
Add in at least 800 housing starts.
A very large corporate office space.
It’s all good.