MONTRÉAL IN NORTH AMERICA
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2 MONTRÉAL IN NORTH AMERICA
3 GREATER MONTRÉAL 82 municipalities Territory of 1,600 square miles 3.9 million residents (half of Québec s population) $127 billion GDP (half of Québec s GDP)
4 GREATER MONTRÉAL: KEY INFRASTRUCTURE PROVIDING EASY ACCESS TO INTERNATIONAL MARKETS Two international airports Passengers : Montréal-Trudeau Airport : 14 million passengers in Direct flights to 130 destinations Freight : Montréal-Mirabel An intermodal transportation hub air, sea, land and rail Port of Montréal Most direct link between Europe and North America s industrial heartland Transportation links to 100 countries Annual traffic of 28.4 million tons in 2012 An effective public transit sytem 68 subway stations on 4 lines (a 71 km network) 51 commuter train stations on 5 lines
5 GREATER MONTRÉAL Leader in high technology Greater Montréal is a leader in the new economy, excelling in the high technology and innovation sectors, including: Aerospace ICT Life sciences These three industries combined represent almost one job out of ten in Greater Montréal s private sector.
6 GREATER MONTRÉAL Other industries Agri-Food Film and television Energy Finance Real Estate Nanotechnologies and new materials Clean Technologies Transportation and logistic
7 GREATER MONTRÉAL: 10 th top student city in the world! Paris, London, Boston, Melbourne, Vienna, Sydney, Zurich, Berlin, Dublin Montréal 2 nd in North America and 1 st in Canada. Source : QS Best Student Cities in the World 2012
8 GREATER MONTRÉAL A leader in the knowledge economy A pool of highly qualified workforce: About 40,000 new graduates each year More than 50% of the population is bilingual 11 university institutions More than 170,000 university students, including close to 20,000 foreign students The 2 nd highest number of university students per capita in North America Ranks 1 st in Canada for: University research funding The number of research centres The number of patents held
9 GREATER MONTRÉAL The most competitive operating costs in North America Low operating costs All sectors combined, the cost advantage for Montréal is 10%. Source: KPMG, April 2, 2013
10 GREATER MONTRÉAL The most competitive operating costs in North America Competitive salaries Low contributions for employers Affordable rent (office and industrial spaces) Average rent for a Class-A office building: $21/sq.ft./yr (15 Euros) Average rent in the industrial sector: $5/sq.ft./yr (3,6 Euros) Low & stable energy costs Stable electricity rates: The hydro heritage pool shelters rates from oil price fluctuations. The low-cost natural gas outlook is assured by huge continental Preferential energy rates available for major consumers: smelters, data centers, etc. aluminium Major natural gas distribution infrastructure (over 10,000 km of underground pipes) reserves
11 GREATER MONTREAL Attractive tax treatment and custom-made incentives A competitive corporate tax burden R&D companies The lowest tax burden in North America, thanks to the competitive tax rates and generous tax credits provided by Canada and Québec
12 SAMPLE OF FINANCIAL INCENTIVES E-Business Tax Credit (Québec) Refundable tax credit for the development of e-business in IT: 30% of the eligible salaries of eligible employees - Annual maximum of $22,500 per eligible employee until December 31, Production of Multimedia Titles (Québec) Refundable tax credit for the production of multimedia titles : 26.25% to 37.5% of eligible labour expenditures. ESSOR - Support for Investment Projects (Québec) Loan, loan guarantee. Contributions depending on economic benefits. Sectors: manufacturing, software publishing, private research centres, environmental services, tourism. Emploi Québec s Contribution for Recruiting and Training of Employees (Québec) 25% of training costs (max $15 000/employee/year) 50% of costs incurred for the creation of a human resource department R&D Tax Credits (Québec & Canada) Up to 15% (Canadian government) Up to 17.5% (Québec government) - Refundable Provincial Personal Tax Holiday for Foreign Researchers and Experts (Québec) 1 st and 2 nd year: 100% holiday on personal provincial taxes.
13 ITALY: A strategic investor In Canada: Investment of $1.2B in th European investor In Montréal: Sectors : Agrifood, Aerospace, Energy, Industrial About 45 subsidiaries in the Montréal region Among them: Mecaer, Metra, Parmalat, Mapei, Dema
14 MONTRÉAL INTERNATIONAL NOTRE MISSION Contribuer au développement économique du Montréal métropolitain et accroître son Our mission rayonnement international. To contribute to the economic development of Greater Montréal and enhance its international status.
15 MONTRÉAL INTERNATIONAL Our members and partners PUBLIC-PRIVATE PARTNERSHIP 100 member companies and institutions Government of Canada Government of Québec Montréal Metropolitan Community (82 municipalities) City of Montréal
16 MONTRÉAL INTERNATIONAL Our mandates 1. Attract, retain and expand foreign direct investments 2. Attract, retain and expand international organizations 3. Attract, welcome and retain foreign talents 4. Promote and reinforce Greater Montréal s economic attractiveness and international status
17 MONTRÉAL INTERNATIONAL Our services A complete range of personalized and confidential services at no charge to help you settle and grow in the region. Strategic consulting and support Guidance on financial and tax incentives International mobility services Sectorial expertise Government relations Access to partners network
18 MONTRÉAL INTERNATIONAL Your gateway for Greater Montréal TALENT Montréal International
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