From GamePolitics:

Ubisoft’s new Toronto studio, scheduled to open in the first quarter of 2010, will end up costing about $800.0 million Canadian, $263.0 million of which was subsidized by the Province of Ontario.

The Ontario Technology Corridor now claims to employ some 272,000 people across 6,700 companies; figures that prompted the Canadian Province to boast in a press release that it “wants Europe to know that the Ontario Technology Corridor is unique in the world for its depth of talent and serious government commitment to the digital entertainment industry.”

Ontario also recently donated $10.0 million to the University of Waterloo and $9.0 million to the Ontario College of Art & Design in a bid to fund digital-media based programs and improve campus infrastructures.

The Toronto Ubisoft studio, to be headed up by Assassin’s Creed producer Jade Raymond, is expected to create 800 additional jobs in the Province over the next ten years.

Related posts:

1. About Games Montreal
2. Ubisoft Opening New Studio In Toronto
3. Interview: Ubisoft’s Mallat On New Toronto Studio’s Future
4. Developer layoffs and closures have been "staggering", Ontario becoming leader
5. Canadian government is buying the video game industry

Tags: Jade Raymond, Ontario Technology Corridor, toronto, ubisoft