On May 25, 2009, the Governments of Canada and Ontario announced that they will contribute a total of $50 million in funding towards the construction of the Balsillie Campus. In addition to the funding provided by the federal and provincial governments, Jim Balsillie, co-CEO of Research In Motion and chair of the board of CIGI, will contribute $50 million to match the governments’ contributions. In this video, Member of Parliament for Kitchener-Waterloo, Peter Braid, and Member of Provincial Parliament for Kitchener Centre and Minister of Training, Colleges and Universities, John Milloy, discuss what the Balsillie Campus means for the future of the region.

The federal government’s contribution is part of its Knowledge Infrastructure Program, an initiative aimed at renewing the infrastructure of Canadian colleges and universities. The provincial government’s contribution is part of its 2009 Budget commitment to invest in Ontario’s colleges and universities over two years.