New Southwestern Ontario Development Fund Depends on Approval of ATTRACTING INVESTMENT AND CREATING JOBS ACT

This is a video showing Premier Dalton McGuinty in London on November 28, 2011, at Digital Extremes — a video game developer — to announce that the government will be bringing forward legislation to create a new and permanent Southwestern Ontario Development Fund:

New Southwestern Ontario Development Fund Depends on Approval of ATTRACTING INVESTMENT AND CREATING JOBS ACT. Above, Map of Ontario Regions.
New Southwestern Ontario Development Fund Depends on Approval of ATTRACTING INVESTMENT AND CREATING JOBS ACT. Above, Map of Ontario Regions.

Thanks to the successful Eastern Ontario Development Fund, Canadians in Ontario gained the following economic benefits:

  •  over 11,700 jobs were created and protected
  •  leveraged over $485 million in investment across Eastern Ontario

Now, Ontario is attempting this economic balancing act: in order to create the new Southwestern Ontario Development Fund as well as make both the Eastern Ontario Development Fund and the Southwestern Ontario Development Fund permanent, the Attracting Investment and Creating Jobs Act must be approved and passed.

The new Southwestern Ontario Development Fund would be modelled on the Eastern Ontario Development Fund,

In the coming months, the province will meet with local business leaders across the region to:

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Digital Extremes Revving Up Its “3D Evolution Game Engine” While Creating Jobs

“We all have good reason to be optimistic” about our economy in Ontario as Premier Dalton McGuinty explained to us in his tour of one of the 1,000 interactive digital media companies, which is shown in this video.

More good news on job gains.

Digital Extremes, a London-based video game studio, creates 30 new jobs with more than 120 people currently working at the studio.

Here are their exciting technological advancement and interactive digital products:

  • Digital Extremes is developing a “3D Evolution Game Engine” that automates programming work required to create a new 3D video game.
  • The technology will reduce the time and cost involved in bringing new games to market.
  • This will help Digital Extremes grow its business and making Ontario’s digital media sector more competitive.
  • Digital Extremes is investing nearly $36 million in the project, including a $2.5-million grant from the province.
  • The company was the co-creator of Epic’s award winning Unreal franchise and has recently worked on THQ’s Homefront and 2K Game’s BioShock franchise.
  • Digital Extremes’ original game, Dark Sector was released in 2008, selling more than one million copies.

You may be wondering just how big is Ontario’s digital gaming industry?

  • Ontario is home to about 1,000 interactive digital media companies that contribute almost $1.5 billion annually to Ontario’s economy and employ around 16,000 people.
  • So far, Ontario has recovered 93 per cent of the jobs lost in the recession.
  • As a result of the tax changes implemented in Ontario, taxes on business investment were cut in half, making Ontario more competitive and encouraging business growth.

Please click here if you would like to explore opportunities to be “Creative? Consider taking interactive digital media courses.”

You can watch Her Majesty Queen Elizabeth II as she experiences made-in-Ontario technology during her 2010 tour of Pinewood Studios in Toronto in this video:

Please click here to find out more about the Ontario Media Development Corporation.

Digital Extremes Revving Up Its "3D Evolution Game Engine" While Creating Jobs
Digital Extremes Revving Up Its "3D Evolution Game Engine" While Creating Jobs

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Ontario Gets Digital and Doubles Jobs in Interactive Digital Media Industry

As you are well aware the interactive digital gaming world is on the rise since interactive video games are all the rage.

Ontario wants a piece of the action as a major player in the interactive gaming world with the following incentives for companies to create their products in the province:

  • Reducing small business income taxes by 18 per cent.

Here are the highlights of the growth of the province’s digital media industry:

  • “In 2010, Ontario supported 341 digital media projects, leading to over $175 million in production and development activity.
  • Digital media production contributes almost $1.5 billion annually to Ontario’s economy and employs 16,000 people, up from 8,000 in 2000.
  • Ontario is home to about 1,000 interactive digital media companies.
  • The Interactive Digital Media Tax Credit was valued at close to $20 million in 2009-10.
  • Ontario is building an innovation-focused economy through postsecondary education and technology with partnerships like the Screen Industries Research and Training Centre. New digital media technologies spur development in video games, movie making and web applications and help create jobs for Ontario graduates.”

The interactive digital media companies that have invested millions to set up and expand studios in partnership with the Ontario government include:

  • Ascension CrossMedia is involved in a new form of gaming called “connected transmedia”. That means a player can play one game on their TV, console and mobile devices. Premier Dalton McGuinty visited Ascension CrossMedia today to check out the entertaining and engaging games!

Please click here if you would like to explore opportunities to be “Creative? Consider taking interactive digital media courses.”

Ontario Gets Digital and Doubles Jobs in Interactive Digital Media Industry
Ontario Gets Digital and Doubles Jobs in Interactive Digital Media Industry


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