Microsoft Canada has announced plans for a new state-of-the-art headquarters located in downtown Toronto.
The new facility would be located at 81 Bay Street (also known as CIBC Square) and “will enable the company to better serve its customers, collaborate with its technology partners and to attract top talent to a central location, one well served by transit and more accessible to universities and innovative new tech start-ups.”
“Increasingly, Canada is being recognized as a global leader in technology and the investments we are making today and into the future will help ensure Canada continues to be a hotbed of innovation,” said Microsoft Canada President Kevin Peesker. “By relocating our headquarters to downtown Toronto, we will be able to better serve our customers and attract top talent to continue to drive innovation and growth for our Canadian customers and our large partner ecosystem.”
The new Canadian headquarters will also include a new Microsoft Technolgy Center and be 132,000 square feet spanning four floors.
“Our Government’s Innovation and Skills Plan is working. Leading tech companies are setting up offices across Canada, hiring Canadian talent, and investing in Canada’s enormous potential as an innovation and tech hub. Microsoft’s latest investment in Canada – totaling $570 million – will create hundreds of new jobs and benefit several cities, from Vancouver to Toronto to Montreal. I know our highly-skilled, diverse workforce will continue to attract tech investment in record numbers – growing our economy and creating new opportunities for Canadians across the country,” said Justin Trudeau, Prime Minister of Canada.
This is just one of a series of investments that Microsoft Canada is making, the company also plans to grow their staff by adding 500 full-time employees and 500 co-op/internships by 2022.
Invest $21 million in Azure credits to Canada’s Supercluster initiative, invest $10 million over 5 years into the Cascadia innovation corridor and invest more than $570 million over the next 3 years in fixed assets in the country, including relocation and expansion of its research and development lab in Montreal, relocation of its Vancouver sales office, renovation and redesign of its Ottawa, Calgary and Montreal sales offices, and the relocation of its Canadian Headquarters.
“This announcement by Microsoft offers yet more evidence of the strength of Toronto as a global technology centre, and as a desirable home for major corporations. By choosing South Core as its new home, Microsoft is embracing one of the hottest new areas of downtown and Toronto welcomes them with open arms,” said Toronto Mayor John Tory.
Microsoft Canada plans to move-in to their new headquarters in September 2020.
Source: Microsoft Canada