Ontario Supports Technology Sector, Creates Jobs
McGuinty Government Partners With Digital Media Company
Ontario is helping ViXS Systems Inc. – a GTA-based semiconductor solutions provider – develop new technology, while creating 107 new, highly-skilled jobs and protecting 54 existing positions. These new jobs will build upon the 97,700 net new jobs that have already been created in Ontario so far this year alone.
The province is partnering with ViXS Systems Inc. to develop an energy-efficient network media processor that will help power multimedia platforms such as digital televisions, video recorders, set-top boxes and other products.
Once enabled, these devices will stream content to multiple mobile devices, including iPads, tablets and smart phones. This innovative project will attract and retain world-class talent, commercialize cutting-edge R&D, and promote Ontario as a global Information Communications Technology (ICT) leader.
Partnering with business is a key component of the McGuinty Government’s plan to create and support jobsfor Ontario families and strengthen local economies.
QUICK FACTS
- ViXS recently ranked 29th in PROFIT magazine’s 23rd annual ranking of Canada’s 200 fastest-growing companies.
- This is the second partnership with ViXS, the first project is ahead of schedule and has already created jobs.
- Ontario is first in North America when it comes to converting foreign investment into jobs with 11,210 new jobs from foreign direct investment projects.
- In 2010, for the second time in a row, The Financial Times of London ranked Ontario second only to California in North America as a recipient of foreign direct investment.
- Since October 2003, Ontario has created 524,100 net new jobs for Ontario families.
- So far, Ontario has created 97,700 net new jobs for Ontario families in 2011.
- As a result of the tax changes implemented in Ontario, taxes on business investment were cut in half, making Ontario more competitive and encouraging business growth.
