Last Updated on January 24, 2019
Ottawa-based high-technology corporation Cisco has announced a new deal with the provincial government that will produce about 1,700 new jobs in six years.
The deal, announced last month, is just one more promising news item for Ottawa’s burgeoning technology industry, which also includes the rapidly growing Shopify Inc. and Solantro Semiconductor Corp.
Approximately 90 percent of the country’s telecommunications research is conducted out of the nation’s capital, making it one of the fastest growing sectors in the city. Shopify Inc., a popular new e-commerce company, more than doubled its staff last year, with continued projections for growth for this year.
Solantro too, has been boosting prospects in the city. The firm, which manufactures chipsets for small generators, will receive a $4 million investment from the provincial government and nearly double its current staff.
Hundreds of other similar start-ups are undergoing the same type of growth and pushing Ottawa to become one of the top locations for high-tech skilled workers. The new investments from the province will likely spur even more growth.
Cisco and Ontario plan to invest $4 billion over the next ten years or so and expand to 5,000 employees by 2024.
Source: Ottawa Citizen