Ontario signed a significant investment deal during Premier Kathleen Wynne and Minister Michael Chan’s trade mission to China that will bring jobs to Markham.
Premier Wynne announced a joint venture between Toronto-based Mennie Canada Ltd.and the Shanghai Yuyuan Tourist Mart. The $5 million partnership will lead to the development of four Chinese restaurants in Ontario over the next three years and the creation of up to 80 jobs. One of the restaurants will be located in Markham, with two others in Toronto and one in Niagara Falls.
Huawei, one of the world’s leading telecommunications technology companies, announced that it will double its research and development capabilities in Ontario. The company, whose Canadian headquarters are in Markham, is planning a major expansion in Ontario valued at up to $210 million over the next five years. The investment will create up to 325 new jobs in Ontario, including approximately 250 positions for engineers and researchers and at least 75 new marketing, sales and support positions.
“Ontario continues to sign new agreements that will bring more foreign investment to our province. Our entrepreneurial culture, talented workforce and our significant investments in R&D help us to develop cutting-edge products and services that are in demand globally. International businesses are increasingly choosing Ontario as a place to set up operations.”
— Michael Chan, M.P.P., Markham-Unionville and Minister of Citizenship, Immigration and International Trade
Attracting new investments and helping the province's businesses compete globally is part of the government's economic plan for Ontario. The four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives, and building a secure savings plan so everyone can afford to retire.
“As China’s economy continues to grow, we must seize every opportunity to showcase Ontario’s many strengths in this important market. Investments such as these confirm that the province’s business climate and economic fundamentals are positioning us to compete globally to grow our economy and create good jobs for families.”
— Brad Duguid, Minister of Economic Development, Employment and Infrastructure
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