Ontario Invests in Toronto Ubisoft Studio
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Tuesday, July 07, 2009
By: Thomas J. Mclean
Video game giant Ubisoft is coming to Canada, announcing plans to open a major video game studio and create 800 high-quality jobs over the next decade.
The studio will open in Toronto, which the company chose for its competitive tax environment, talent pool and connections to the film industry.
The move comes with the government of the province of Ontario investing C$263 million over the next ten years in the company. Ubisoft will put up more than a half-billion dollars for the studio, which is set to open later this year.
This is the company’s third operation in Canada — Ubisoft has studios in Montreal that opened 12 years ago and just opened a facility in Vancouver earlier this year.
"The best jobs require creative minds, innovative technology, a positive investment climate and a government that supports the industry,” said Sandra Pupatello, Ontario's Minister of Economic Development and Trade.
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