MONTREAL — Twenty years after coming to Quebec, French video game giant Ubisoft announced plans Tuesday to invest $780 million in the province by 2027, hire more than 1,000 people and open two new studios. Ubisoft’s expansion includes a $135-million investment to open a studio in early 2018 in Saguenay, about 250 kilometres north of Quebec City, said co-founder and CEO Yves Guillemot. The company, which currently has 3,600 employees in Montreal and Quebec City, has taken advantage of the Quebec government’s subsidy program for multimedia firms. For the fiscal year ending March 31, 2017, Ubisoft received $90 million from Quebec’s coffers to subsidize employee salaries. Quebec Premier Philippe Couillard was on hand for the announcement and said the tax credit program is worth it.

Source: National Post September 05, 2017 18:58 UTC