I’m just going to let you read this. It is taken from the application requirements for the new NB Growth fund:
Eligible salary costs are the initial year gross salaries of full-time (i.e. 35 hrs/week) positions which are newly created by Eligible Businesses and which relate solely to the activities of an Eligible Business.
Note that the portion of any annual salary in excess of $30,000 is ineligible for consideration, and therefore the maximum salary-based assistance level is $15,000 per “year-round” position for start-up projects and $9,000 per “year-round” position for expansion / diversification projects. For eligible seasonal tourism operations, the position must provide at least 90 consecutive days of full-time employment and provide a monthly gross salary of at least $1,600. For such positions, the portion of the monthly salary in excess of $2,500 is ineligible for consideration.
For all other Eligible Businesses, the position must provide at least 365 consecutive days of permanent employment and an annual gross salary of at least $20,000.
Now, I think I understand their logic here but I still had to laugh.