December 13, 2013
Ontario Partners With Cisco Canada to Help Create Up to 1,700 New JobsOntario is partnering with Cisco Canada to launch the largest job-creating investment in the history of the province's tech sector.
Cisco will make Ontario one of its global research and development hubs for its next-generation technologies. It will create up to 1,700 jobs to expand its current Ontario workforce to 3,000 in the next six years, with up to $190 million in provincial support. Cisco will potentially grow its Ontario workforce to 5,000 within the next 10 years.
Cisco is investing up to $4 billion in Ontario over the next decade, including up to $2.2 billion in salaries alone.
The Ontario government is providing a total grant of up to $220 million to support Cisco's investment.
Ontario is attracting leading companies like Cisco through its talented workforce, research infrastructure and competitive business climate. The majority of Cisco's new hires will be in the field of research and development, and the company will be focusing on recent graduates and mentoring the next generation of talent in Ontario.
Partnering with business to create jobs is part of the government's economic plan to invest in people, build modern infrastructure and support a dynamic and innovative business climate across Ontario.