'Cisco to open one of four global innovation centre in Toronto; invests $100M'...

screamed a recent headline. It looks pretty good, doesn't it? That is, until you read a headline from a while back (Dec. 13, 2013). It read:

'Tech giant Cisco getting millions from government to expand Ontario workforce'

This article by Maria Babbage, The Canadian Press, reported that "Ontario's Liberals are handing up to $220 million to Cisco Canada as part of a deal that could see the high-tech giant invest as much as $4 billion and create thousands of jobs in the province over the next decade.The news comes amid a rash of pending plant closures by companies that received provincial government subsidies.

[See full article at:  http://ca.news.yahoo.com/cisco-canada-invest-4-billion-ontario-create-1-203107284--finance.html.

It would appear, therefore, that Cisco is merely giving back half of what it has already received from the taxpayers of Ontario (most of whom live outside the GTA), and taking 100% of the credit.

That`s called a 'corporate flim-flam,'