Ontario Liberals strike $4 Billion Deal with Cisco


mentalfloss
No Party Affiliation
#1


Cisco Canada to invest up to $4B in Ontario, creating 1,700 jobs

TORONTO -- Ontario's Liberals are handing up to $220 million to Cisco Canada as part of a deal that could see the high-tech giant invest as much as $4 billion and create thousands of jobs in the province over the next decade.

The news comes amid a rash of pending plant closures by companies that received provincial government subsidies.

Cisco, which sells computer hardware, software and services, said the 10-year deal includes a framework with the potential to grow its Ontario workforce by up to 5,000 by 2024, "reflecting a potential total investment of up to $4 billion."

Premier Kathleen Wynne said the agreement will add up to 1,700 jobs with a focus on research and development over the next six years, but there will be other benefits.

"It's very important to understand that jobs like these spawn other jobs," she said Friday from Cisco's downtown Toronto offices.

"There are other jobs that are required to support this kind of high tech, so I believe that we have a bright future because of creating hubs like this."

There are provisions within the Cisco agreement that "tie job creating and retention to performance measures," Wynne said. "It's very clear to everyone that the expectation is that that money is contingent on the jobs being created and maintained."

Cisco Canada president Nitin Kawale said it will create high-value jobs that will stimulate Ontario's economy.

"We invest in Ontario because the province produces smart young graduates," he said.

"Ontario has a stable economy and Ontario has talented, innovative and hard-working people."


Cisco Canada to invest up to $4B in Ontario, creating 1,700 jobs | CTV News
 
petros
#2
Some jobs is better than none.
 
taxslave
No Party Affiliation
#3
Depends on the cost. What I heard was in the neighbourhood of $200 mil of tax dollars.
 
petros
#4
$220
 
mentalfloss
No Party Affiliation
#5
Advanced manufacturing - Wikipedia, the free encyclopedia
 
taxslave
No Party Affiliation
#6
Quote: Originally Posted by petrosView Post

$220

I didn't catch the whole story. Is that per anum or over the life of the contract?
 
petros
#7
Up front.
 
taxslave
No Party Affiliation
-1
#8
Fair whack of change just to buy a few votes.
 
mentalfloss
No Party Affiliation
#9
It's a good deal.

If the Libs can pull off a few more of these they will have an easy majority next election.
 
petros
#10
Cheap like borscht.
 
Trex
+3
#11  Top Rated Post
After Orange, eHealth, the gas plant cancellations, the green power fiasco you trust this government with taxpayers money?
They way I heard it was the taxpayer was going to give Cisco $110,000 per full time job created.
And the jobs are all in Ottawa where unemployment is already low.
Should be a slam dunk for Wynn next election for sure.
 
Retired_Can_Soldier
+3
#12
Is anyone else distracted by the picture of angry looking man at the beginning of this thread.

Looks like Denis Leary with a bad haircut.
 
petros
#13
And just as funny as Leary.
 
Retired_Can_Soldier
+1
#14
Funny (no pun intended) you should say that. I'm not a big fan of Leary's standup, but I've always liked his acting. Although Rescue Me jumped the shark seasons before they finally ended it.
 
Walter
-1
#15
Gubmint should keep their noses out of free enterprise.
 
tay
#16
No more Corporate welfare and let's get rid of all those 'business expense write offs' while we are at it.


Never understood why sales people, amongst others, get to write of some or all of their car, gas, insurance, lunch, clothing, etcetera expenses while other workers don't
 
taxslave
No Party Affiliation
#17
Quote: Originally Posted by tayView Post

No more Corporate welfare and let's get rid of all those 'business expense write offs' while we are at it.


Never understood why sales people, amongst others, get to write of some or all of their car, gas, insurance, lunch, clothing, etcetera expenses while other workers don't

Do you have any clue at all what expense write offs are? Almost All workers get to write off some of their work cloths on income tax. Try thinking a little.
 
mentalfloss
No Party Affiliation
#18
Quote: Originally Posted by WalterView Post

Gubmint should keep their noses out of free enterprise.

So Cisco isn't free to make a deal with the government?
 
lone wolf
Free Thinker
#19
Here's to hoping it goes better than co-operation with Cliffs went....
 
Dixie Cup
Conservative
+1
#20
Quote: Originally Posted by tayView Post

No more Corporate welfare and let's get rid of all those 'business expense write offs' while we are at it.


Never understood why sales people, amongst others, get to write of some or all of their car, gas, insurance, lunch, clothing, etcetera expenses while other workers don't

"cuz they need their vehicles to do their jobs and if their employers don't reimburse them for the expense incurred, they can claim it on their taxes. What's so hard about that?

Oh, and they can't "write-off" their clothing FYI

Quote: Originally Posted by taxslaveView Post

Do you have any clue at all what expense write offs are? Almost All workers get to write off some of their work cloths on income tax. Try thinking a little.


And they would be???? Please enlighten.

As far as I know, the only write-offs when it comes to clothing are VERY specialized clothing such as hazmat suits. Nothing else is a write-off. Uniforms for police, firefighters etc., are usually provided by the employer, so no write-off there. There MAY be a write-off for "under cover cops" but again, not if these guys are re-imbursed by their employer. Sorry, can't as a rule write off clothing.
 
Trex
+1
#21
The fact that anyone, anyone at all would support the re-election of the Lib's in Ontario is mindboggling.
The scale of incompetence and fiscal destruction that has been unleashed on Ontario's taxpayers is almost beyond calculating.
Wynne is nothing but an unelected placeholder who's sole job is to take the fall for the slow motion trainwreck of the Liberal Party.

The hard left wing Rabble-Babble thinks the Ontario Liberals are incompetent, so do the left wing newspaper editors of the Toronto Star, as do the centrist left wing editors of the Globe and Mail and CBC, and so do the centrist editors of the National Post as well as the right wing editors of the Sun franchise.
Warren Kinsella well known and powerful Liberal advisor, pundit and bagman thinks the Ontario Liberals are an utter disaster that need to be removed from power ASAP.
Andrea Horwath, leader of the Ontario NDP has stated that the Ontario public sector and it's unions are overpaid.....that's right a dipper leader saying some of the unions are overcompensated.

Lets skip over the billions frittered away by McGinty before he went under a rock and look at Wynne and her track record.
The Liberal Auditor General of Ontario has announced 4 full time jobs have been lost for every full time green energy job created by the Libs.
Ontario Power has announced a 40 percent increase in energy rates primarily to fund green energy expenditures.
Wynne just announced her latest plan is to increase business taxes, income taxes and slap a 10 cent a liter fuel surcharge on gas and diesel.

The union that runs Ontario Power is the highest paid union in North America.
It's average, that's average frontline worker makes $110,000 a year plus medical, dental and full ride pension.
Even the NDP party says they are vastly overpaid.
And Wynne signed off on that one.
Car plants closing, Caterpillar gone, Heinz bolting, Kellogs packing up shop.
When is it all going to stop?

And now Wynne wants to buy a few jobs from and American owned corporation for $110,000 a pop?
I would tell those guys to stick those routers and switches where the sun don't shine.

If I lived in Ontario (and I used to), I would consider voting Conservative, NDP, Independent, Green or any available Rhino party.
But I would absolutely never ever consider voting for the Liberal Party of Ontario as it exists today.
Who would is the question?
 
Retired_Can_Soldier
#22
Quote: Originally Posted by TrexView Post

Who would is the question?

The same sheep who are swallowing that salty load of HST.

The same ones who are willing to take a 5% tax on gas to buy TO a transit system.
 
petros
#23
I thought I heard 10%?
 
Retired_Can_Soldier
#24
5 0r 10% depends on the gag reflex.
 
petros
#25
It's just another scam. I wonder if the poor will have to pay up front, save receipts and wait for rebates like BC?
 
lone wolf
Free Thinker
#26
Really sucks when the silverware's been hocked, the hydro's been sold off - but the budget was "balanced". Cons didn't do any better than the "incompetents"
 
petros
#27
Death throws.
 
Trex
#28
Quote: Originally Posted by lone wolfView Post

Really sucks when the silverware's been hocked, the hydro's been sold off - but the budget was "balanced". Cons didn't do any better than the "incompetents"

Now thats denial.
And I aint talkin no Egyptian rivers
Mindboggling
Seriously
 
lone wolf
Free Thinker
+1
#29
Quote: Originally Posted by TrexView Post

Now thats denial.
And I aint talkin no Egyptian rivers
Mindboggling
Seriously

You read denial? English not your first language? Ontario's fooked. What's to deny?
 
Retired_Can_Soldier
#30
Time for change.
 

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