Atlanta multimedia companies should investigate new tax credits being offered by the QuÅ½bec Government to create jobs in Montreal, Louise Fortin, international marketing manager at the QuÅ½bec Trade Office here, told GlobalFax last week.
With the severe lack of manpower in Atlanta in this field these credits might be of interest to local companies, she said in a telephone interview. She added that the lower wage rates favorable exchange rates and the availability of qualified employees made the credits even more attractive.
The credits go to companies locating in an area of Montreal called CitÅ½ du MultimÅ½dia with the objective of attracting designers, programmers and technicians involved in multimedia production. Tax credits are available equal to 60% of an employee’s annual salary, up to a maximum of $25,000 for each new job created until next June, and 40% of an annual salary up to $15,000 from June, 1999 through 2008.
Other incentives may be tailored to companies interested in developing a presence there if they will enhance Montreal’s high-tech sector.
The CitÅ½ du Multimedia is being developed in unused industrial space in Montreal by a consortium of city and provincial agencies and private companies that will oversee its development while the city itself will retain the ownership of the land and buildings.
There already are more than 4,300 employees working a QuÅ½bec’s 600 multimedia companies.
For more information, Ms. Fortin may be reached by calling (770) 980-0262; fax, (770) 980-9531 or send an e-mail to Atlanta@Quebectrade.qc.ca