A hotspot for highly skilled talent
Investing in Montréal gives you access to a pool of talent that’s fed by a world-class education system. In addition to its more than 200,000 university students, the region is home to 277,000 workers in fields related to science, technology, engineering and mathematics, 136,000 in creation and 341,000 in management and administration positions.
- Best student city in the Americas and 6th in the world (QS, 2019)
- Canada’s university capital with 11 institutions and 60 colleges
- 201,000 university students, including 35,500 international students
- 2nd best city in the world for millennials (Nestpick, 2018)
- Canada’s most bilingual and trilingual population
- Canada’s largest centre of university research
Direct, unparalleled access to world markets
Strategically located in northeastern North America, Greater Montréal is an intermodal transportation hub (air, marine, road and rail). Companies in the region can easily access huge markets in over 50 countries, home to almost 1.5 billion consumers.
- 90 minutes by air to Boston and New York
- 3 airports: 20.3 million passengers welcomed at Montréal-Trudeau (2019)
- YUL is the most international Canadian airport with direct flights to more than 150 destinations
- 2nd largest port in Canada: 39 million tonnes of cargo (2019)
- Rail infrastructure at the heart of the Canada, United States and Mexico network
- Greater Montreal is designated as a foreign trade zone that can allow exemptions from customs duties and taxes
The most competitive costs
It costs less, on average, to operate a business in Greater Montréal than in any other large metropolitan region in Canada and the United States, without even counting the very attractive incentives that are available.
- An average cost advantage of over 26% in high-tech sectors
- Highly competitive salaries in the tech sector
- Subsidies and interest-free loans for major and innovative projects
- Up to a 30% tax credit on R&D costs
- Sectoral tax credits of up to 43%
- Electricity rates as low as 3.98¢CAD/kWh for large power customers
A business ecosystem fuelled by innovation
It is a fact that world-leading companies already know: Montréal is home to the largest concentration of high-tech jobs in Canada. That is why the city is so well positioned to take advantage of the digital revolution and associated technologies (artificial intelligence, big data virtual reality, visual effects, Internet of Things, etc.).
- Highest concentration of jobs in the tech field in Canada
- 2nd highest growth in high-tech jobs in Canada and the United States between 2016 and 2018: +9.1%
- A global leader in diverse sectors with high added value: artificial intelligence, video games, visual effects and animation, aerospace, life sciences, health technologies, etc.
- An exceptional atmosphere of collaboration between university researchers and high-tech industries
Quality of life
Montréal, a quality of life champion
Montréal is known for its cosmopolitan atmosphere, safety, affordability, love of fine dining and devotion to the arts. Montréalers enjoy buying power that’s superior to that of residents of other large cities in North America and western Europe, thanks to its affordable rents, generous family allowances, free health care, the lowest tuition fees in North America and inexpensive daycare.
- The safest city among the 20 largest cities in Canada and the United States
- Cultural metropolis: 120 festivals, 180 performance venues, 65 museums
- Most affordable major city in Canada and the U.S. (UBS Prices and earnings, 2018)
- 3rd friendliest city in the world (Rough Guides, 2016)
Montréal, an international, multilingual metropolis
Montréal is recognized as Canada’s international capital with the largest community of international organizations in the country, and the third largest in North America. The city’s businesses, agencies and university institutions are extremely well-positioned to access the largest global networks.
- More than 65 international organizations
- One of 3 UN cities in North America, alongside New York and Washington
- 2nd largest number of consulates in North America
- 1st in North America for the number of international conventions it hosts
- +140 languages spoken (55% of the population is bilingual and 20% trilingual or more)
- The most reputable city in the Americas (Reputation Institute, 2018)
12 clusters of excellence
Aéro Montréal is a strategic think-tank that groups all the major decision makers in Québec's aerospace sector, including companies, educational and research institutions, associations and unions.
AluQuébec co-ordinates working groups in Québec’s aluminium industry and brings together OEMs, producers, processors, equipment suppliers and research, development and training centres to work on major concrete projects.
The Québec Film and Television Council is a non-profit organization whose mission is to contribute to the development of Québec's competitiveness as a world-class film and television production centre.
Finance Montréal, Québec’s financial cluster, has a mission to make Montréal a world-class financial hub, and foster cooperation among its members to accelerate the industry’s growth.
Artificial intelligence cluster
Created in 2017 by the Université de Montréal and McGill University, with the support of HEC Montréal and Polytechnique Montréal, Mila brings together the highest concentration of research and development in deep learning and reinforcement learning.
mmode is a non-profit organisation with the mission of bringing together the major players of Québec’s fashion industry from all four main pillars: designers, manufacturers, wholesalers-distributors and retailers.
Logistics and transportation cluster
CargoM brings together the players in Greater Montréal’s logistics and freight transport industry, as well as educational institutions, research centres, sector associations and unions around shared objectives in order to increase cohesiveness, competitiveness, growth and reach.
Life sciences and health technologies cluster
InVivo is the Greater Montréal Life Sciences and Health Technologies (LSHT) cluster, a non-profit organization working to create a business environment that fosters innovation and the growth of public and private companies in LSHT sector.
Numana, a non-profit organization, is making a significant contribution to the Montréal region's economic and social vitality by bringing together stakeholders from the private, institutional and public technology sectors and unites them around common objectives and concerted actions.
The first organization of its kind in Canada, Écotech Québec represents the cleantech cluster. It supports local stakeholders - companies, researchers, investors and groups - in order to accelerate the development, financing and marketing of clean technologies.
Cluster for electric and smart transportation
Propulsion Québec rallies the entire sector around joint projects aimed at positioning Quebec as a global leader in developing and implementing smart and electric modes of ground transportation.
Video games cluster
The mission of La Guilde du jeu vidéo du Québec is to promote the Québec video game industry locally and internationally. With its 220 member studios, whether independent or international, the Guilde du jeu vidéo du Québec is today the largest association of its kind in the world.
Why choose Montréal
Discover the benefits Greater Montréal has to offer.