July 30, 2018, FREDERICTON (GNB) – Resson, an agriculture technology company, is creating up to 31 new jobs over the next three years with support from the provincial government.
“Resson is a New Brunswick success story,” said deputy premier Stephen Horsman. “That it could emerge here is a credit to the entrepreneurial spirit that exists in our province. It is further evidence of the climate of innovation that your government has been working so hard to foster.”
Horsman spoke on behalf of Economic Development Minister Francine Landry, who is also the minister responsible for Opportunities NB.
Resson uses advanced technologies such as drones, high-resolution cameras, artificial intelligence and cloud computing. It is known for its real-time predictive analysis system for crop management.
“These are extremely exciting days for the team here at Resson,” said Peter Goggin, company co-founder and vice-president of operations. “With investors like Build Ventures, McCain Foods, Rho Canada, Mahindra and Mahindra and Monsanto Growth, we are poised to leap forward in our evolution as a company. This new round of hiring would not have been possible without the support of Opportunities NB and the Government of New Brunswick. We would like to thank them for believing in the work we are doing as a proud New Brunswick company.”
Opportunities NB estimates that creating these new jobs would contribute $7.4 million in GDP for the province over three years, and generate $526,000 in provincial income taxes over the same period.
To support the creation of these jobs, the company is eligible for an investment of up to $370,000 from Opportunities NB, which is a Crown corporation that works to attract and support opportunities to grow the economy and create jobs. It provides support services for businesses across New Brunswick.
The investment will be in the form of payroll rebates, which are performance based and only given to a company once it has met criteria set out in its agreement with Opportunities NB. Resson will receive a payroll rebate annually, based on the percentage of the salary of every job filled that meets the conditions outlined in the agreement.
Resson was recently named to the Thrive Top 50, an annual ranking by SVG partners, an investment advisory firm, of the world’s leading agriculture technology companies.