Government extends tax credit in hopes of keeping more young people, startups in province -June 24, 2015 - Manitoba has elected to extend its interactive digital media tax credit to 2019 in hopes that it can foster the launch of new digital media startups. The province, which initially launched the credit in 2008, offers a 40% rebate on eligible labour, marketing and distribution costs. Lesley Klassen, chief innovation officer of the local virtual reality startup The Campfire Union, asserted that "as a virtual reality startup, it is very challenging to grow your company while maintaining the pace of innovation required in the interactive digital media sector. We are using the Manitoba Interactive Digital Media Tax Credit to hire a developer. It will help us stay competitive globally."
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