Ontario-Cisco pact to help create up to 1,700 new jobs

Comments Off December 19, 2013 at 3:26 pm

Ontario 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.

The new positions will be located primarily in Ottawa and Toronto, with additional opportunities created across Cisco’s Ontario operations.