Ontario funding Mississauga, Ont., ICT facility for $31.9M
The $170.8 million project, for local firm SOTI Inc., is expected to create 725 new jobs and support 410 existing positions
MISSISSAUGA, Ont.—The Ontario government is contributing $31.9 million to help build a new facility for information and communications technology firm SOTI Inc. in Mississauga, Ont.
The total project is valued at $170.8 million, and is scheduled for completion by July 2024.
The province says the project will create 725 new jobs and support 410 existing positions.
Mississauga-based SOTI focuses on enterprise mobility management and mobile and Internet of Things solutions. The firm has over 17,000 enterprise customers in more than 170 countries.
“SOTI is a home-grown Ontario ICT success story, serving global customers worldwide. It is well positioned to be a key ICT anchor in Toronto-Waterloo corridor. Through our Jobs and Prosperity Fund investment, we are demonstrating how strategic partnerships can help spur innovation, drive economic growth and create high-value jobs. This support will further enhance Ontario’s ICT cluster and bring spin-off benefits to economy, community and sector,” said Steven Del Duca, Ontario minister of Economic Development and Growth.