Cisco boosts Toronto’s tech credibility with $100-million innovation hub – The Globe and Mail

In the global race to attract high-tech business, Toronto appears to be pulling ahead.

Cisco Systems Inc. said Wednesday that it has chosen Canada’s largest city as one of its four new global innovation hubs, a $100-million investment. The move, which follows a December announcement by the Ontario government that it will give financial support to help the company expand, adds to a sense of momentum around the province’s tech sector.

http://www.theglobeandmail.com/report-on-business/cisco-taps-toronto-as-one-of-four-global-innovation-hubs/article17311981/