Montréal International welcomes Québec’s economic plan to support the advanced manufacturing industry and strengthen partnerships

Strategic plans presented by Investissement Québec and the Ministère de l’Économie, de la Science et de l’Innovation

Montréal, April 14, 2016 – Montréal International, whose mission is to attract foreign investment, international organizations and skilled workers to Greater Montréal, welcomes the Government of Québec’s economic vision, as set out in the strategic plans of Investissement Québec (IQ) and the Ministère de l’Économie, de la Science et de l’Innovation (MESI).

The plans introduce new priorities that will help strengthen the innovative manufacturing niche, while bolstering partnerships between stakeholders to attract more foreign investment to all areas of Québec.

“The Government of Québec’s economic development strategies align well with those of Montréal International,” said Hubert Bolduc, President and CEO of Montréal International. “Now more than ever, open economies like Greater Montréal and Québec need to look past national borders and attract capital and talent to achieve growth. This is precisely why Montréal International is pursuing an aggressive investment promotion strategy that seeks in particular to attract advanced manufacturing companies to the region,” he added.

Three quarters of the foreign investment projects supported each year by Montréal International are in the high-tech sectors, such as aerospace, life sciences and medical technology, clean technology, and information and communications technology. These sectors are driven by innovative manufacturing companies that strengthen the competitiveness of Greater Montréal and its knowledge economy.

“As always, we are committed to growing Greater Montréal’s economy by building on the strengths of all our partners, including the Government of Québec, and leveraging the synergy between them. It takes a collective effort to forge a thriving city, and it is up to us to work hard together to achieve our goals. The most prosperous cities are those that speak with one voice by engaging all stakeholders and aligning them around a common vision,” said Mr. Bolduc.

According to a Deloitte study, the manufacturing sector generates 89% of Québec’s exports and accounts for 52% of the province’s private sector R&D spending. In addition to driving innovation and exports, the manufacturing sector boasts salaries that are 35% higher than the Québec average, which makes the sector a significant source of wealth creation.

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

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