Ontario investing $220 million in Cisco

[valve37]

Wonder if this could have kept Heinz and Kelloggs plants open in Southwestern Ontario?

Cisco and the Province of Ontario Collaborate to Plan One of the Tech Sector's Largest Job Creation Initiatives

TORONTO, ON – December 13, 2013 – Premier Kathleen Wynne and Cisco Canada President Nitin Kawale announced today an agreement that aims to significantly accelerate Ontario's status as a leader in technology innovation and key player in the global research and development landscape.

Cisco and the Province of Ontario have signed a 10-year agreement.  Under the terms of the agreement, Cisco is focusing on adding up to 1,700 high tech jobs with a focus on R&D within the first six years. The agreement also includes a framework with the potential to grow Cisco’s total Ontario employee footprint up to 5,000 by 2024, reflecting a potential total investment of up to $4 billion, including $2.2 billion in salaries alone.  The Province of Ontario will provide up to $220 million in support of the total initiative.

This new initiative builds upon Cisco’s growing presence in Ontario, including investments in university chairs, planning for a new and expanded Toronto headquarters, the Pan Am Games technology infrastructure sponsorship, and Smart + Connected™ community initiatives. With this partnership, Cisco looks to harness Ontario’s skilled workforce, renowned educational institutions and competitive business climate. 

The agreement with Cisco supports the Province of Ontario’s focus on economic development and job creation. By partnering with Cisco, the province demonstrates a strong commitment to fostering innovation and, through research and development, bringing new technology to market.

Ontario and Cisco fully intend to continue focusing on initiatives to help Ontario realize a transformational vision, increase productivity, and drive world-class innovation and sustainable economic development.

Supporting quotes:

Kathleen Wynne, Premier of Ontario:

“Our plan to create jobs and grow the economy is focused on smart, forward-looking investments that build on Ontario’s strengths. Today’s announcement is about supporting our talented technology workers. Together, we’re going to show the world what Ontario can do.”

Dr. Eric Hoskins, Minister of Economic Development, Trade and Employment:

“Cisco’s investment positions Ontario as an undisputed leader in the global tech industry. We’re sending a message to the world that Ontario is the best place anywhere for business to innovate, grow and create jobs. Today’s investment and the jobs it will create are part of our plan to create opportunity today and for the long-term.”

Rob Lloyd, President, Development and Sales, Cisco:

"Canada continues to be one of Cisco’s best success stories globally. Cisco has invested in retaining and growing our employee footprint here in Ontario, particularly in R&D jobs. Today’s announcement with Premier Wynne is another milestone in driving our business in Canada and a testimony to our very positive relationship with the Province of Ontario."

Nitin Kawale, President, Cisco Canada:

"Today marks a significant milestone for Cisco Canada and Province of Ontario. This announcement builds on our existing partnership and our mutual commitment to drive productivity and create new economic opportunities through innovation. Together with the Province we will create, high value jobs that will stimulate the economy. This initiative will also ensure that Ontario continues to be a leader in the information and communications technology industry, with a vast talent pool representing the country’s next generation of innovation.”  

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. Cisco products and services are supplied in Canada by Cisco Systems Canada Co., a wholly owned subsidiary of Cisco Systems, Inc.

http://newsroom.cisco.com/press-release-content?type=webcontent&articleId=1298889&q6935673=1

[prior-of-verity*shake-hands-with-your-devil]

Ah Cisco, another US multinational. I wonder how many Canadian owned firms would like a little government help?

Oh and before I forget. Cisco was the company that developed the "Golden Shield Project" which is basically software to help governments spy on their citizens and block internet usage. This is the same software they sold Communist China to subvert the use of the internet by its citizens and put hundreds of people in jail. Well I'm not surprised. I mean we already have a Communist government owned oil company taking our oil (thanks Harper), so we might as well invite their friends into Canada and give them money as well.

Canada use to be such a good country with high standards and integrity.

[valve37]

Kathleen Wynne wants you to pay 10 cents/litre more every time you fill your gas
tank. On average, that's $5 per fill.
Under the McGuinty-Wynne Liberals, Ontarians have seen their taxes and hydro rates go up. Now it is the price of gas.

http://news.nationalpost.com/2013/12/11/fund-public-transit-through-5%C2%A2-per-litre-gas-tax-hike-o...

[valve37]

The 1700 new jobs created by Wynne and Cisco likely hi-tech and not likely to be of benefit to Heinz and Kellogg laid off workers. Perhaps Blackberry jobless techies will land some of them.

[stevephinn2012]

hate when people have trouble reading and comprehending things!  This is the LIBERALS in Ontario that are doing this--nice that you sidetrack and bring Harper and CANADA into it.

duck and deflect!!!

[prior-of-verity*shake-hands-with-your-devil]

Speaking of comprehension.........allow me to help you. Yes the Liberals in Ontario are doing this.......working with a company that panders to a Communist State to remove freedom from people and incarcerate them.......the same as Harper is working with a Communist own oil company. Do you see the association and why I said Canada use to have high standards and integrity? It seems that both Provincially and Federally we have lost our values. We send soldiers over to countries to die in order to protect people's freedom and save them from authoritarian regimes .......and then we turn around and do business with other regimes that are just as bad, if not worse. Understand now?

[valve37]

"duck and deflect!!!"

[stevephinn2012]

That's all it ever is--Duck and deflect--then find excuses as to why it was said or how it was mis-understood and how it was meant to be etc. etc. etc. etc.

[prior-of-verity*shake-hands-with-your-devil]

The problem with reading comprehension is some people 'assume' because they have an idea in their head and they think that theirs is the only perception. The medical term is a malignant narcissism disorder. If they would ask first "how did you mean that" or just read and expand their mind on their own, then they would do much better in life instead of being up a tree going nowhere etc etc etc etc.

[kh-leslie]

Hey everyone,

I'd like to remind you all to please refrain from interpersonal disputes - they may result in the thread being locked or posts being deleted as they are against the community Usage Policy. Thanks for your help in keeping the community friendly and welcoming!