A budget that focuses on talent and key sectors to boost Greater Montréal’s economy

March 17, 2016

Montréal, March 17, 2016 – Montréal International (MI) welcomes the measures announced by the Québec government in its new budget to bolster the competitiveness of key sectors of the province’s economy and take advantage of the digital revolution. Québec is ready for a digital, technology-driven future and knows that focusing on talent is the best way to get there. That is why MI is particularly pleased with the government’s initiatives geared toward training and retaining top talent in Greater Montréal.

“The new budget, balanced and responsible, is a big step forward in terms of public finance management and economic development,” said Hubert Bolduc, President and CEO of Montréal International. “The Québec government plans to tap into the full potential of the province’s high-tech and innovation-based sectors because they are key drivers of wealth and job creation. That’s a decision that will pay off as Greater Montréal becomes a more competitive and attractive investment destination.”

The government also announced additional investments to accelerate the growth of the digital economy ($162 million), aerospace industry ($70 million) and life sciences sector ($34 million). “Montréal International is pleased that specific strategies will be unveiled in 2016 to attract foreign businesses and support growth in strategic sectors of the region’s economy,” added Mr. Bolduc.

$1.6 million earmarked to retain international students in Québec

The 2016-2017 budget provides for a project designed to retain international students in the province. The initiative, overseen by Montréal International, will enable more international students to start the immigration process.

“Québec must leverage the skills of its people. Having a pool of skilled workers is essential to attracting foreign investment,” explained Mr. Bolduc. “Montréal International will work with universities to provide international students with more information on obtaining permanent residence. It is important that we reach out to them to let them know what they would gain in terms of career opportunities and quality of life if they stayed in Québec.”

As innovative businesses need skilled workers to stay competitive, Montréal International also welcomes the approval of a plan to support academic success in schools and universities.

 About Montréal International (www.montrealinternational.com)

Montréal International (MI) acts as an economic driver for Greater Montréal to attract foreign wealth while accelerating the success of its partners and clients. Its role is to attract foreign investment, international organizations and skilled workers to Greater Montréal, and promote the region’s competitive environment. MI also works to find the best ways to position the region as an attractive investment destination, and make recommendations to various levels of government to support Québec’s job-creating, high-value-added industries.

Created in 1996, Montréal International is a non-profit organization funded by the private sector, the governments of Canada and Québec, the Communauté métropolitaine de Montréal (Montréal Metropolitan Community) and the City of Montréal.

To view the Greater Montréal interactive business map go to: montrealinternational.com/business-map/

To join Contact MTL, the Greater Montréal ambassadors network, go to: contactmtl.com/en/

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