Madam Speaker, on Monday, Nokia Canada announced its intention to redevelop its 26-acre campus in the Kanata North technology park into a sustainable, accessible mixed-use corporate, residential and commercial hub. The new R and D hub will help secure Canada's position as a global leader in the green digital future by broadening expertise in 5G, cybersecurity and AI.
Kanata is already home to one of Nokia's largest R and D sites, with more than 2,300 employees. With this redevelopment and a $340-million investment, an additional 340 high-paying jobs will be created in my community.
I am proud of our government's commitment to support this important project with up to $40 million in strategic innovation funding, which means more jobs and more Canadian IP. The future is digital and it is happening right here in Canada's largest technology park, in Kanata.