UPDATED: Ubisoft creates 500 jobs
Ubisoft, the major worldwide player in the gaming industry, announced Monday that it will invest $373 million over the next seven years to open a new studio in Montreal that will act as the company's global hub for the development of online games.
The expansion will create 500 jobs in Montreal over the next three to four years, providing 3500 jobs within its Quebec studios by 2020.
“The incredible talent that we found in Montreal is the reason we are staying here,” Ubisoft Co-Founder and CEO Yves Guillemot said. “That’s definitely what keeps Montreal ahead in the video game sector.”
Premier Pauline Marois was there for the announcement; she said the PQ government was “obsessed with job creation.”
“This is very important for Quebec’s economy, because we are one of the major cities in the world for this industry; we have a lot of jobs, that are very well paid.”
The provincial government will be helping Ubisoft with a 10 million dollar subsidy. It has also increased tax credits to 37 percent, on salaries, for multimedia companies.
The premier assured media Monday that this announcement did not come in light of a potential election this fall.
Quebec remains a world leader in the gaming sector behind Tokyo and Los Angeles.