Waterloo Technology Community Experiencing Impressive Growth
McGuinty Government Committed to Long-Term Success of Ontario Tech Sector
Ontario's information and communications technology sector is thriving, driving economic growth and creating good jobs, while positioning Waterloo as Canada's innovation hub.
With leading researchers, a highly skilled workforce, and some of the lowest corporate taxes in the world, Waterloo's high-tech sector is competing globally and providing the world with exciting, innovative technologies, such as Teledyne DALSA's high-performance digital imaging and semiconductor technology being used by NASA's Mars Rover.
There are approximately 800 companies in Waterloo's high-tech community, and the region is attracting key global players like Google and Agfa HealthCare. Ontario-based leaders Communitech, Christie Digital, Desire2Learn, Sandvine, Axonify, and OpenText -- Canada's largest independent software company -- already call the Waterloo region home.
Attracting investment and building business is a key part of the McGuinty government's plan to create jobs and strengthen the economy. A strong economy protects the services that mean the most to Ontario families: health care and education.
- Ontario created 121,300 jobs in 2011 - the highest level of job creation since 2003.
- Ontario's information and communications technology sector generated $28.4 billion of the province's GDP in 2011 - nearly half of the total Canadian information and communications technology sector and almost six per cent of Ontario's total GDP.
- The information and communications technology sector employs more than 270,000 people in Ontario, representing half the sector's workers in Canada.
“Ontario's economic prosperity depends on our ability to compete and win in the global marketplace. As these cutting-edge Waterloo-based companies prove, Ontario's economic plan is working -- and so are more Ontarians.”