Amazon has occupied no small amount of Canada’s attention since Toronto made the shortlist of potential locations for the company’s so-called “second headquarters” earlier this year, but another tech giant just made definitive plans to invest in the country’s burgeoning tech sector. Microsoft wishes to situate its new headquarters in downtown Toronto; construction of its new home has already begun.
The computing conglomerate broke ground on construction of the facility Sept. 11, 2018, with the job’s completion set for approximately two years from now. In its release announcing the headquarters project, Microsoft stated it could directly and indirectly create up to 60,000 jobs in Toronto and throughout Canada over that time span.
Kevin Peesker, president of Microsoft Canada, praised the tech-related successes of the nation in the release.
“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,” Peesker said. “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.”
Microsoft will be one of several companies occupying Canadian Imperial Bank of Commerce Square – alongside CIBC itself – upon completion of that business centre. According to HuffPost Canada, CIBC Square is slated to be about 2.9 million square feet (more than 269,000 square metres), spread across two skyscrapers.