Here is why and how Cisco and the Province of Ontario Collaborate to Plan One of the Tech Sector's Largest Job Creation Initiatives.

All about innovation excites us at Connectikpeople.co. Between Cisco and the Province of Ontario, we observe the consolidation of their positive relationship.

In this momentum, Connectikpeople.co has captured a new agreement between Premier Kathleen Wynne and Cisco Canada. The agreement aims to significantly accelerate Ontario's status as a leader in technology innovation and key player in the global research and development landscape.

Within the first six years of the10-year agreement, Cisco will focus on adding up to

1,700 high tech jobs with a focus on R&D.

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.

·        The new initiative includes investments in university chairs, planning for a new and expanded Toronto headquarters, the Pan Am Games technology infrastructure sponsorship, and Smart + Connected™ community initiatives.

Finally, Connectikpeople.co has also observed that, with this partnership, Cisco looks to harness Ontario’s skilled workforce, renowned educational institutions and competitive business climate.  

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. Cisco products and services are supplied in Canada by Cisco Systems Canada Co., a wholly owned subsidiary of Cisco Systems, Inc. For ongoing news, please go to http://thenetwork.cisco.com and http://newsroom.cisco.com/canada.