5 Global Companies Opening Their Doors in Toronto
Toronto has become the place to be for Canadian tech, and global companies are taking notice. Over the past six months, international giants have announced their plans to expand their Canadian presence with new office spaces in Toronto.
These expansions will see talent teams grow by the thousands and welcome a flood of opportunity into the city. Talent is a huge asset to the Canadian tech ecosystem and these new opportunities with global companies are one of the ways we can offer more reasons to stay in the north.
Photo credit: Derek Shapton for Toronto Life
By 2022, the Canadian tech unicorn plans to occupy 254,000 sq ft in The Well, at the corner of Spadina Ave and Front Street West. Putting nearly half a million dollars into the space, Shopify plans to consolidate their current three Toronto offices into one complex.
Check out Shopify CEO Tobi Lütke in conversation with Innovation Minister Navdeep Bains at Elevate 2019 here.
Rendering credit: Ivanhoe Cambridge
Perhaps the biggest investment in Toronto announced in the past year is Microsoft. Longterm, the office will create 60,000+ jobs and Microsoft will be investing $570M in the Canadian innovation ecosystem. The 132,000 sq ft office will be centralized downtown in the heart CIBC Square.
“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,” said Microsoft Canada President Kevin Peesker. “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.”
Photo credit: ConsumerQueen.com via Forbes
Instacart, a renowned grocery delivery service with partners like Walmart, will transform their current Toronto office into a growing tech hub. The new space will welcome more than 200 employees over the next few years.
“As a Canadian…I’m proud to see Canada, and Toronto in particular, grow to become one of the most influential tech hubs in North America,” said Apoorva Mehta, CEO of Instacart, who spoke on the Elevate stage in 2018. “When I was a student at Waterloo, the perception was that you had to leave Toronto and head to Silicon Valley to make an impact in tech. Today, that’s no longer the case…”
Photo courtesy of Mobile Syrup
The disruptive retail tech giant announced their expanded Toronto presence with plans to create 600 new tech jobs in fields including software development, machine learning, cloud computing, digital advertising, and artificial intelligence. The company also opened a new 113,000 sq ft office in Scotia Plaza in downtown Toronto. At the end of this expansion, Amazon will have more than 10,000 employees in Canada.
Photo courtesy of BlogTO.
The social media company, which hails from San Francisco, chose Toronto as its first Canadian location. Under the leadership of Pinterest Canada Country Manager, Erin Elofson, the company will continue to target Canadians through comprehensive advertising, particularly in the French-Canadian market. The office opened its doors in October 2018.
According to Pinterest, “more than 250 million people use [our platform] each month to discover and do what they love, and people save 4.5 million ideas on Pinterest in Canada each day.”
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