ICT jobs on the rise
The Information and Communications Technologies (ICT) sector has played a major part of Greater Montréal’s success story for some 20 years now. Over this period, the region has given rise to world-class businesses and attracted industry heavyweights. At the same time, it has become a fertile breeding ground for highly innovative start-ups and this has helped it to maintain its place as a leader. Greater Montréal also enjoyed the third-highest ICT job growth rate among major North American cities from 2008 to 2013. Top performers include the region’s special effects, video game, mobility and IT services industries and FinTech companies.
Industry support that pays off
Québec’s tax scheme for the ICT industry is one of the most generous in the world. To support the growth of the e-commerce, multimedia and movie industries, the Québec government offers companies favourable tax terms that meet real industry needs. Such tax incentives have spurred many foreign ICT companies to open and expand subsidiaries in Montréal over the past few years.
An industry that attracts talent and fosters creativity
Greater Montréal has a ready supply of qualified workers with strong creative instincts. The ICT industry employs more than 93,000 people in close to 5,000 companies throughout the region. In order to train the new generation of ICT experts, Montréal colleges and universities have developed courses tailored to the specific needs of the industry.
Greater Montréal also has a vibrant and well-structured ICT cluster called Techno Montréal. This is an industry catalyst designed to bring industry partners together. Over the past few years major industry players such as Bell, CGI, Ubisoft, Ericsson and Framestore, have turned the region into a hotbed for innovative start-ups, including BusBud, Frank & Oak, Beyond the Rack, GSoft, Seevibes, Nexalogy Environics, LightSpeed, and many others.
Local focus on ICT has helped build a mature and stable business environment that has earned Greater Montréal a reputation as a world-leading ICT hub to the extent that the city’s Mile End neighbourhood has even been compared to Silicon Valley.
A range of cost advantages
Greater Montréal’s state-of-the-art ICT industry has also been bolstered by other key factors in the region. For instance, operating costs in Montréal’s telecommunications, software development and systems testing industries are the lowest among North America’s 20 largest cities.
Additionally, ICT businesses may be eligible for generous tax incentives tailored to their needs. These are ranked among the most competitive in the world. Such incentives include tax credits for R&D, the development of e-business and the production of multimedia titles. Last but not least, Québec has become a magnet for venture capital and many Greater Montréal start-ups are today tapping into that potential. Plus the region offers the support of its economic promotion agency, Montréal International, to help you with your expansion projects.