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Ubisoft gets $263 million tax credit to open game studio in Ontario

Posted on Tuesday, July 07 2009 @ 18:11:04 CEST by


Game publisher Ubisoft will receive a $263 million investment from Ontario for opening a game studio in the Canadian province. Under the deal, Ubisoft will invest more than $500 million in the operation, which is estimated to create 800 jobs over 10 years.
"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.

"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.
More info over here.


 



 

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