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Cisco and the Province of Ontario sign 10-year agreement

Staff writer |
Premier Kathleen Wynne and Cisco Canada President Nitin Kawale announced 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.

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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.

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