06/13/2012 02:53 EDT | Updated 08/13/2012 05:12 EDT

New Brunswick offers $3.6-million payroll rebate to social media monitoring firm

FREDERICTON - New Brunswick is providing a $3.6-million payroll rebate to a social media monitoring firm in the hopes of creating 300 jobs in Fredericton and Saint John.

The money will come from Invest NB, a provincial Crown agency intended to promote economic growth.

The government expects the expenditure to generate about $8.5 million to the province's gross domestic product annually.