Innovation At Ciena Creating Good Jobs
January 17, 2011
McGuinty Government Supports Telecommunications Industry In Ottawa Region
Ontario is supporting Ciena Canada Inc., a telecommunications equipment company, to develop new technology, creating 353 new, good jobs and supporting 967 existing jobs.
The province is providing a grant of $25-million as part of Ciena’s investment of $900-million over 5 years to expand research and development in Ontario. Ciena has also committed to partner with universities in R&D and hire 125 university graduates.
The company’s goal is to bring solutions that increase the speed and capacity of fibre optic networks. This will help meet the growing demand for high bandwidth services, such as high-definition video, mobile broadband, and support education and healthcare technology projects.
This investment supports the province’s five-year Open Ontario plan to create new job opportunities and help promote economic growth.
QUICK FACTS
- Ciena is a market leader in technology that increases the capacity of communications networks tenfold.
- Ciena Canada Inc. is a subsidiary of Ciena Corporation.
- As a result of the province’s tax changes, taxes on new business investment were cut in half, making Ontario more competitive and encouraging new business investments.
