[LINK] "Ontario chipping in $16 million toward 5G jobs"

[rfmcdonald]

The Toronto Star carries Albert Gea's Reuters article noting the latest stages in Huawei's investments in Ontario for 5G technology. With provincial government funding, of course.

The Canadian arm of Chinese telecom giant Huawei is getting up to $16 million from Ontario taxpayers to help create 250 new jobs developing the next wave of 5G smartphone technology.

Premier Kathleen Wynne said Tuesday that the deal — which had its roots in her 2014 trade mission to China — further cements a strategic partnership with the firm which has research and development facilities in the province.

Huawei Technologies is investing $303 million in the project, establishing new research laboratories in Markham and Waterloo and expanding its research facility in Ottawa.

Ontario’s contribution is “laying the foundation for sustainable growth for years to come” and building the
province’s reputation as a leader in the knowledge economy, Wynne said at the company’s office in Markham.

The $16 million is from the province’s $2.7 billion “jobs and prosperity fund” aimed at bolstering innovation and boosting Ontario’s exports.