Montréal International honours foreign subsidiaries in Greater Montréal

Montréal, November 4, 2016 – As part of the Greater Montréal Business Attractiveness Forum, Montréal International honoured the 2,200 foreign subsidiaries in Greater Montréal and unveiled the names of the three subsidiaries that earned recognition.

The winners are STELIA North America (aerospace), Danone Canada (agrifood) and Ubisoft (video games). They clinched the honour among foreign subsidiaries that made the greatest contribution to Greater Montréal’s economy between 2010 and 2015.

“The Greater Montréal area benefits a great deal from the spinoffs produced by foreign investments. That’s why we want to highlight the outstanding contribution made by foreign subsidiaries to the local economy,” said Hubert Bolduc, President and CEO of Montréal International. “Attracting and retaining foreign direct investments boost innovation and exports—two closely intertwined key drivers of growth. In 2013, foreign subsidiaries in Canada accounted for 50% of all exported goods and 37% of corporate R&D expenditures in Canada.”

Among all the companies that received support from Montréal International between 2010 and 2015, 15 finalists were in the running for an award:

“1 to 199 employees in Greater Montréal” category

Green Cross Biotherapeutics – Intel Security – OVH Hosting – Servier Canada – STELIA North America – Via Science

“200 to 499 employees in Greater Montréal” category

AAA Canada – Danone Canada – Galderma – WB Games Montréal

“More than 500 employees in Greater Montréal” category

Ericsson Canada – Medtronic Canada – Morgan Stanley Services Canada Corp. – Technicolor Canada MPC–Visual Effects Division – Ubisoft

An independent jury, chaired by Suzanne Fortier, Principal and Vice-Chancellor of McGill University, selected the winners based on very specific criteria, including the investment amount, the number and quality of jobs created and the impact the subsidiary’s business strategy has on Greater Montréal. A subsidiary’s involvement with the community, its R&D partnerships with Montréal universities, and its values for a sustainable environment were also taken into consideration.

The Greater Montréal Attractiveness Forum is a Montréal International initiative, in cooperation with BMO Financial Group, Caisse de dépôt et placement du Québec, Power Corporation of Canada and SAP. Other sponsors who supported the event include Investissement Québec, National Bank and Fonds de solidarité FTQ (tribute luncheon partners); Cinesite, Fasken Martineau, Google, PwC and Ubisoft (workshop partners).

For more information about the Attractiveness Forum, click here.

For more information about the subsidiary recognition, click here.

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