Waterloo Talent Attracts Top Employers
The Region of Waterloo continues to earn its reputation as the Silicone Valley of Canada. In the past week, two major Canadian corporations have announced new offices in the city. Shopify Inc will be leasing the historic Seagram building in Uptown Waterloo and TD Bank is opening a new office beside the University of Waterloo. The theme of both expansions seems to be talent acquisition. Waterloo Region is a mecca for software engineering, computer science and the skills employers require for their companies to excel in the modern world.
Shopify Inc. is one of Canada’s brightest technology companies and is headquartered in Ottawa. The rapidly growing company provides online sales tools for small and medium sized businesses. The company went public in May and is currently valued at over $2.7 billion dollars. Waterloo’s strong engineering and technology talent is the driver behind the expansion into Waterloo. In a statement, the company said: “Shopify chose to expand its offices in Waterloo because of the amazing talent pool that is available in the region.” Shopify will be hiring 300 new employees for the Waterloo office.
TD Bank is also looking to acquire Waterloo talent with the opening of a new Technology Innovation Centre. Located close to the University of Waterloo main campus, this office will focus on IT and software engineering, with the goal to attract data scientists in the near future. TD Bank’s Senior VP and Chief Information Officer Jeff Martin had this to say: “We recognize that there’s a lot of innovation talent in the area. We need to be where they are. They’re not going to come to us. You need to have that talent to really build the bank of the future.” He also noted that proximity to the region’s post secondary schools was a draw for the bank.
Well done Waterloo! There is a lot of smart people in this city and the best companies in Canada are taking notice.
- Peter Whitby Jr.