10/14/2014 10:08 EDT | Updated 12/14/2014 05:59 EST

New Brunswick government gives money to company with parking meter app

FREDERICTON - A Fredericton-based technology company that has developed a smartphone app to pay for parking is growing with the help of government funding.

The New Brunswick government is giving HotSpot Parking Inc. $90,000 to help the company expand into new markets and create six jobs.

Premier Brian Gallant says leveraging innovation to create jobs is critical to the province's future.

The HotSpot technology allows for the remote payment of parking meters.

Company CEO Philip Curley says HotSpot is working with parking commissions in the Maritimes and is looking to expand into global markets.