Cisco and the Ontario government today announced an agreement that could see the networking company spend as much as $4 billion over the next 10 years to expand its operations in the province.
Premier Kathleen Wynne and Nitin Kawale, president of Cisco’s Canadian unit, attended a news event Friday in Toronto to release details of the plan.
The 10-year agreement could create up to 1,700 new jobs in Ontario, primarily focused on research and development. The province would make a total investment of $190 million over that time (about $111,000 per job) which is contingent on the company meeting certain investment and job targets.
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via Cisco, Ontario deal may create up to 1,700 jobs – Business – CBC News.
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