The provincial government of Ontario will make a massive investment into a new Ubisoft studio, reports Toronto’s National Post.
Premier Dalton McGuinty (Left) announced today that Ontario will sink $263 million into Ubisoft Toronto over the next 10 years. Ubisoft itself plans to invest more than $500 million in the project.
A projected increase of 800 jobs is a large part of the Ontario government’s motivation to invest in the new studio, which will be Ubisoft’s fourth in Canada. Said McGuinty:
Our world is one where you can borrow capital, you can copy technology and you can buy natural resources. But to build a high wage and a high standard of living you need talent. By investing in Ubisoft, we’re building Ontario’s economy now and for the future.