"This is an anchor investment, you have to think of it in terms kind of like landing an auto assembly plant," Premier Dalton McGuinty said Monday after making the announcement.More info over here.
"It will catapult us a great distance forward."
The 10-year deal means Ubisoft will establish a major video game studio in the city and itself invest more than $500 million in the operation, set to open before the end of the year. It's estimated the 800 jobs would be created over 10 years.
The investment, which the government describes as a tax-credit, is part of the province's plan to attract tech-based, creative industries to offset the loss of thousands of manufacturing jobs.
Ubisoft gets $263 million tax credit to open game studio in Ontario
Posted on Tuesday, July 07 2009 @ 18:11 CEST by Thomas De Maesschalck