SUBURBS & EX-URBS TO BENEFIT WHEN TORONTO BECOMES A GLOBAL INNOVATION CENTRE

TORONTO will soon be one of four new global ‘Internet of Everything’ innovation centres.  California-based CISCO will be opening three other centres in BRAZIL, SOUTH KOREA and GERMANY.

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CISCO ‘IT’ Corporation is investing $100-million over the next 10 years to create a 15,000-square-foot space & new Canadian headquarters within Waterpark Place on Queens Quay between Bay and York Streets.

The company – world’s largest maker of computer networking equipment – has promised to invest up to $4-billion in the province of Ontario, and plans to create 1700 new jobs – potentially good news for laid-off BlackBerry workers in WATERLOO.

Deputy Mayor NORM KELLY: “Having [Cisco] here is going to help us compete in what’s going to be a fiercely competitive international environment.”  Mayor ROB FORD was not invited to the announcement presentation last Wednesday.

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