Ontario technology firm makes $44 million investment with move to Langford
Plexxis Software is not only making a $44 million investment by moving its headquarters from Brampton, Ont. to Langford, it is also bringing 100 new jobs to the West Shore community.
City of Langford staff have been working with the technology firm for the past 18 months to finalize the plan to move to the new Plexxis Tower under construction in the Westhills neighbourhood.
Plexxis selected Langford as the location for its new headquarters because of the city’s lifestyle and recreation options, in addition to its affordable housing choices. Company co-founder and CEO Chris Loranger says the move from Brampton to Langford offers his employees a better quality of life than what they are currently experiencing in the Greater Toronto Area.
“It’s the idea of no commute and no mosquitoes, to be honest with you,” said Loranger, when asked about the reasoning behind the move.
“It’s really fun to come to a place where you can get everywhere in five minutes and, more importantly, a lot of our team members all live close to each other. We support each other like a mini-community.”
The 80,000-square-foot building will include flexible workspaces and lifestyle amenities, such as a gym and lounge areas for Plexxis staff. There will also be 50,000 square feet of mixed-use commercial lease space, including two ground-floor units for future restaurant use.
“You know, this is big, this is our largest influx of tech jobs,” said Langford Mayor Stew Young. “To have (Plexxis) move here, buy homes here and be part of our community is a real bonus for us and our community.”
Young says by making affordable housing a priority and creating recreation opportunities for families, Langford has built a community that technology companies look for when choosing a location.
“What we’re doing here in Langford is creating a culture that we can get things done,” said Young. “We have the ability to attract investment, which is good for our families because living and working in your own community is important.”
Loranger says he expects as many as 45 employees will make the move from Brampton to Langford in the coming year. He says the move means his team members have more opportunities work and play together.
“A lot of people say companies build products, but we like to say we build teams first and those teams build products,” said Loranger. “A team is only a team if they live, work and play together, and we’re moving to Langford for a quality of life and to be more of a community.”
Loranger says the Plexxis Software move is expected to create 100 new jobs at its Langford headquarters. He says the building should be ready for staff to move in by the end of 2022.
City of Langford staff say the Plexxis Tower will be the beginning of Westhills’ commercial district: Lakepoint. When completed, the Lakepoint district will be 32 acres of residential and mixed-use commercial space.
CTVNews.ca Top Stories
Doctors say capital gains tax changes will jeopardize their retirement. Is that true?
The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
Something in the water? Canadian family latest to spot elusive 'Loch Ness Monster'
For centuries, people have wondered what, if anything, might be lurking beneath the surface of Loch Ness in Scotland. When Canadian couple Parry Malm and Shannon Wiseman visited the Scottish highlands earlier this month with their two children, they didn’t expect to become part of the mystery.
Fair in Ontario, flurries in Labrador: Weather systems make for an erratic spring
It's no secret that spring can be a tumultuous time for Canadian weather, and as an unseasonably mild El Nino winter gives way to summer, there's bound to be a few swings in temperature that seem out of the ordinary. From Ontario to the Atlantic, though, this week is about to feel a little erratic.
What do weight loss drugs mean for a diet industry built on eating less and exercising more?
Recent injected drugs like Wegovy and its predecessor, the diabetes medication Ozempic, are reshaping the health and fitness industries.
He replaced Mickey Mantle. Now baseball's oldest living major leaguer is turning 100
The oldest living former major leaguer, Art Schallock turns 100 on Thursday and is being celebrated in the Bay Area and beyond as the milestone approaches.
What a urologist wants you to know about male infertility
When opposite sex couples are trying and failing to get pregnant, the attention often focuses on the woman. That’s not always the case.
'It was instant karma': Viral video captures failed theft attempt in Nanaimo, B.C.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
Bank of Canada officials split on when to start cutting interest rates
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
Made-in-Newfoundland vodka claims top prize at worldwide competition
A Newfoundland-made vodka has been named one of the world’s best by judges at this year’s World Vodka Awards.