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Ontario Govt. Will Sink $263 Million into New Ubisoft Studio

By gamepolitics

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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.

Full post as published by GamePolitics.com on July 06, 2009 (boomark / email).

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