The Québec City region is outperforming its rivals when it comes to business operating costs. The 2016 edition of KPMG's Competitive Alternatives confirms that Québec City continues to be ranked #1 worldwide among comparably sized urban areas (i.e. over 500,000 inhabitants in mature markets) in terms of its competitive cost advantages. According to this biennial study, it is 16.1% cheaper to set up a company and do business in Québec City, compared with the US average — a marked improvement over the 2014 result (9.3% cheaper).
After years of sustained collective effort, Université Laval has achieved carbon neutrality by massively reducing its greenhouse gas emissions at the source and using carbon credits to offset the rest. A leader in sustainable development, Université Laval is the first university in Québec to reduce its greenhouse gas (GHG) emissions to zero, and the first in Canada to do so in the absence of any legal imperative.
ABB, a world leader in energy and automation technologies, celebrated the official inauguration of its new high-tech Measurement & Analytics facility in Quebec City today in the presence of Jacques Daoust, Minister of the Economy, Innovation and Exports, Régis Labeaume, Mayor of Quebec City, and Nathalie Pilon, the newly appointed President and Chief Executive Officer of ABB Canada. The new 85,000-square-foot facility is located in the Espace d'innovation Michelet, a next-generation technological park in Quebec City, and represents a $20-million investment. The building is LEED-certified, aligning with ABB's commitment to sustainable development. This project was executed in cooperation with Groupe Commercial AMT and Quebec City.
Olympus NDT Canada Inc. announces the purchase of 33,000 m2 of land in Québec City’s Michelet Innovation Zone and the start of construction on a new office and manufacturing complex. Olympus NDT Canada currently leases space in three locations in the Québec City area. Purchasing this land demonstrates Olympus’ commitment to the region and enables business and manufacturing operations to be consolidated in a single location.
Recent foreign direct investments announced for Québec City show that the region is successfully holding its own in the face of international competition. This year alone, Medicago (Japan; vaccine production facility and R&D centre), Thales (France; joint research unit in urban science), OVH (France; R&D centre in digital services), Larian Studios (Belgium; video game studio), and Microsoft (United States; cloud services data centre) have already announced over $300 million in investments in Quebec’s capital city.
Université Laval has obtained the largest research grant in its history for the massive Sentinelle Nord research program: a $98 million award from the federal government’s $350 million Canada First Research Excellence Fund.
Medicago, a major Canadian biotech company and an international leader in the development and production of plant-based vaccines and therapeutics, is proud to announce that Quebec City will be home to its new production complex. The $245 million project will create 200 new high-skilled jobs by 2019, adding to the team of 180 employees already working at Medicago’s Quebec City office and laboratories. The project is expected to generate more than $461 million in direct and indirect economic benefits over the next five years.
Québec International (QI) released the 2014 highlights from its annual report earlier this spring. In the coming weeks we will examine QI’s results and the kind of work our professionals perform as part of our six mandates. Discover the talents of our foreign investment experts.
The Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, was joined today by Mario Girard, President and Chief Executive Officer of the Quebec Port Authority, to announce $60,219,333 in federal funding for the project to construct a deepwater multipurpose terminal at the Port of Quebec, under the National Infrastructure Component of the New Building Canada Fund.
French multinational OVH, a backronym for “On vous héberge” or “We Host You,” announced on Thursday, April 16, that it had chosen Québec City as the home for its North American R&D centre. The centre will specialize in, among other things, customer experience, and will hire 50 highly skilled employees.
TELUS is investing $64 million in new communications infrastructure across the Greater Québec City area this year to connect thousands of homes in Saint-Raymond directly to TELUS’ fibre optic network, enhance wireless capacity and speed, and extend the reach of TELUS Health technology.
Larian Studios, the award-winning Belgian developer of hits like Divinity: Original Sin and Divinity: Dragon Commander, officially announced its plans to establish a studio in Quebec City. Larian Québec, a subsidiary of the acclaimed developer, will begin work on new games and take advantage of the talent and creativity that abound in Quebec City. The company is currently in hiring mode and aims to employ 40 people in Quebec City over the next three years.
According to the 2015-2016 American Cities of the Future rankings compiled by UK-based fDi Magazine, which is published by the Financial Times Group, Quebec City placed in the Top 10 in two categories (Business Friendliness and Best fDi Strategy). A total of 421 cities in the Americas were evaluated by fDi Intelligence, a division of the Financial Times, and divided into five groups based on population size. Quebec City is in the mid-sized cities group, which includes urban areas with populations of more than 200,000 inhabitants and metropolitan regions with more than 750,000 inhabitants.
Québec City is proud to welcome the annual Plenary Assembly of the International Federation of Sport Climbing (IFSC) in March 2017. The city will be the first in North America to host this gathering of the international competitive climbing community’s most senior executives.
The Quebec government has raised the games tax credit available to local game studios back up to 37.5 per cent, following cuts to the scheme last year. Increased incentives already available to studios in province.
Davie – voted North America’s #1 Shipbuilder in 2015 – is celebrating its 190thanniversary this year. In 1825, English sea captain, Allison Davie founded what is now Canada’s largest and highest capacity shipbuilder. Today, Davie is also the largest employer of skilled shipbuilders in Canada. Throughout the past 190 years, Davie has built every type of vessel imaginable from the largest of warships for the Canadian, British and French navies to the largest of offshore rigs for international oil companies.
Canada Green Building Council (Québec Section) in collaboration with the Bâtiment Vert et Intelligent network (BVI), visited the Québec City Convention Centre’s expansion on February 17 to experience firsthand an eco-friendly facility.
Michel Dallaire, Chairman of the Board and Chief Executive Officer of Groupe Dallaire, unveiled at a press conference on Wednesday the ambitious undertaking slated to transform the current îlot des Gouverneurs site: Le Phare de Québec. The $600 million investment project will offer over two million square feet of mixed-use space and notably featuring a 65-storey tower. The complex will be complemented by three sister towers of between 25 and 30 storeys each.
Lumenpulse adds to its portfolio of proprietary technologies by joining forces with Ariane Controls, a long-time provider of Powerline Communication (PLC) solutions, based in Québec City.
Representing the economic development initiatives of Vancouver, Calgary, Saskatoon, Winnipeg, London, Waterloo Region, Toronto, Ottawa, Greater Montréal, Québec City and Halifax, the members of the Consider Canada City Alliance (CCCA) met in Ottawa on February 3rd and 4th, 2015 to plan their 2015 activities, building on their common investment attraction objectives. This bi-annual meeting also served as an opportunity to elect the new CCCA Board of Directors led by Chair Carl Viel, CEO of Québec International, Vice-Chair Ian McKay, CEO of Vancouver Economic Commission, and Bruce Graham, CEO of Calgary Economic Development.
TELUS (TSX:T)(NYSE:TU) has acquired a 20 per cent stake in Alithya, a Quebec-based information technology and consulting service provider with a Canadian and international scope. Drawing on each firm's respective expertise, the two companies have struck a long-term strategic partnership where each will offer suites of information and communication technology (ICT) services, with a focus on managed infrastructure solutions, to their business customers.
Servicing the best in online group travel, HotelPlanner.com and Meetings.com announces the compagny’s 204 top 50 group and meeting friendly hotels. In Canada, only 10 hotels received this award, two in the province of Québec but only one in Québec city : the Hilton Québec.
Nearly 1,500 athletes and their entourages are coming to Québec City from the four corners of the planet to compete in the Winter World Masters Games, January 31 to February 8, 2015. Competitors age 30 and over will participate in over 2,000 events.
By March 31 the Québec City Convention Centre will have hosted 156 events, including a remarkable 17 international conferences. It all adds up to 155,000 room-nights at local hotels, with economic spinoffs from some 210,000 convention goers estimated at $101 million. Another 27 international conferences and meetings will have come and gone by December 31, 2016.
Ivanhoé Cambridge announces today an investment of more than $50 million in the redevelopment and continuing modernization of its Place Ste-Foy shopping centre in Quebec City. The work will help maintain the centre's strong position as a leading shopping destination in the Quebec City region.
Davie - Canada's largest shipbuilder - announced a series of accomplishments, achieved over the past three weeks.
Opsens Inc. ("Opsens") (TSXV:OPS) is pleased to announce the first use of its Fractional Flow Reserve ("FFR") products in Europe by the "founding fathers" of FFR, namely Dr. Bernard De Bruyne at the Cardiovascular Center Aalst, Belgium and, shortly, by Professor Nico Pijls, at the Catharina Hospital, Eindhoven the Netherlands. The OptoWire and OptoMonitor are Opsens' products for FFR measurements to optimize the diagnosis and guide the therapy in patients with coronary heart disease.
Québec International announced today the launch of the CONEQT program with a view to securing the business corridor between Quebec City and Silicon Valley.
The National Optics Institute (INO) has won the Grand Prix québécois de la qualité, receiving the award from Quebec's Minister of the Economy, Innovation and Exports, Jacques Daoust, and Mouvement québécois de la qualité, Chairman of the Board, Roch L. Dubé, at a ceremony in Montreal held on November 13 in conjunction with the best business practices show, Salon sur les meilleures pratiques d'affaires.
A leader in energy and automation technology, ABB has decided to build new facilities in the Espace d’innovation Michelet in Québec City, a $20-million project. The new, larger building will accommodate its 200 employees and allow ABB to pursue its growth.
For the eighth consecutive year, Québec International (QI) has been named one of the Top Canadian Economic Development Groups in Canada’s Best Locations 2014, as announced in the current issue of US-based Site Selection magazine. This ranking pays tribute to the country's top 10 economic development agencies.
The Québec City Convention Centre and Université Laval have been joining forces for 15 years to bring international events to Québec City. It has proven to be a productive partnership in university research funds. Fast forward to this summer, when Québec City welcomed 950 delegates from over 40 countries—visitors who generated an estimated $1.5 million in economic spinoffs for the tourism industry.
The Government of Quebec, Investissement Québec, Invest in Canada and Québec International are pleased to be associated with the Industrial Asset Management Council (IAMC) professional forum that will be held in Quebec City. This is the first time that this event will be held outside of the United States. It will be a unique opportunity to showcase the assets of Canada, the province of Quebec and the Quebec City region to a select clientele of American investors. Nearly 400 participants are expected to attend this forum, which will be held from September 13 to 17 at the Quebec City Convention Centre.
This week, the Port of Québec welcomed its one millionth passenger since the construction of the Ross Gaudreault Cruise Terminal in 2002. The passenger arrived yesterday morning aboard the Seabourn Quest, a ship belonging to Holland America Line (HAL).
More than 200 Angels from across Canada gathered in Quebec City for the National Angel Summit this week. The National Angel Capital Organization is holding the largest gathering of Canadian Angel Investors. The three-day summit is focusing on a range of topics highlighting the theme of accelerating the Angel Asset Class. One of the goals of the Summit, organizers say, is to discuss the standardization of Angel Investing documents.
4Degrees, the company behind the new high-technology and eco-friendly data center is proud to announce that Uptime Institute, the international reference in the data center field, awarded 4Degrees their coveted Tier III certification.
Cominar Real Estate Investment Trust has signed a deal to buy a portfolio of 15 properties including shopping centres, office buildings and an industrial park in Quebec and Ontario from Ivanhoe Cambridge for $1.53 billion.
Following the announcement of an investment of $28 million at its Quebec City studio at Davos in January, Ubisoft confirmed today that it will be investing $4 million of this amount to equip new workspaces in the St-Roch district. This move will ensure the studio’s presence in the neighborhood for the next 14 years. At the same time, Ubisoft revealed that the Quebec studio is ramping up to be lead studio in the production of a future installment of Assassin’s Creed®, one of Ubisoft’s flagship brands and one of the most popular and best-selling video game franchises in the world.
In its 2014 Magic Quadrant for Enterprise Search released last week, the analyst firm Gartner has positioned Coveo, a provider of search and relevance solutions, furthest along the completeness of vision axis in its Leader’s quadrant. Gartner’s report evaluates 17 providers of enterprise search solutions, each assessed based upon both their completeness of vision and ability to execute.
The Québec City Convention Centre will welcome the Society for Geology Applied to Mineral Deposits (SGA) 14th Biennial Meeting from August 19 to 23, 2017. It is the first time that this international society will meet in North America.
Some, 9,000 delegates will visit the Québec City Convention Centre, generating $19 M in economic spinoffs and 25,000 room nights. Of the 9,000 delegates, 4,000 work in artificial intelligence, neuroscience and cognitive sciences, proving that Québec City is a scientific and intellectual hub.
In this digitally driven era, Quebec International (QI) is pleased to announce the official launch of Quebec Intl, its brand-new mobile application. Featuring Mozzo technology developed by Piranha, a Quebec City-based firm specializing in mobility and innovation, Quebec Intl gives users touch-screen access to all of QI’s publications. The application is available on iOS and Android tablets and phones, as well as on Kindle.
WestJet announces the launch of new, non-stop twice-daily service between Toronto and Quebec City, Quebec, effective March 15, 2015. Using WestJet Encore's fleet of Canadian-made Bombardier Q400 NextGen aircraft, the new service will replace WestJet's current daily service on board its Boeing Next-Generations 737s.
This morning, KPMG released the 2014 edition of Competitive Alternatives, its biennial study, which compares business location costs in 107 metropolitan regions in 10 countries. The Quebec City region scored well, with a 9.3% cost advantage relative to the US average. This is a net improvement since 2012, when this figure stood at 5.8%. The Quebec City region ranks sixth worldwide among the regions studied and ranks #1 among similarly-sized regions (500,000 to 2 million inhabitants). Among the 15 Canadian cities featured, only Moncton and Charlottetown edged out Quebec City. Quebec City now ranks third (up from sixth in 2012), outperforming Montreal, Winnipeg, Toronto, Edmonton and Vancouver.
Université Laval received the STARS (Sustainability Tracking Assessment and Rating System) gold rating for its strong commitment to sustainable development. This distinction was awarded by the Association for the Advancement of Sustainability in Higher Education, an organization dedicated to promoting sustainable development, with a membership of more than 1,000 universities worldwide.
Investors in Japan and Taiwan will get a chance to learn about the world's best-kept secret when a group of Canadian government and business leaders visit Tokyo, Osaka, Nagoya and Taipei, February 24 to March 4. Michael Darch is president of the 12-member Consider Canada City Alliance-the group that is partnering with Canada's Department of Foreign Affairs, Trade and Development to tell Canada's story.
For the third time in the last four years, the Québec City Jean-Lesage International Airport (YQB) has been voted Best Airport in North America in the 0-2 million passenger category according to Airport Service Quality (ASQ), a world-wide survey lead by Airports Council International (ACI) which measures airport client satisfaction.
While many large cities in the same country fight it out for investment dollars on foreign turf, the members of the Consider Canada City Alliance that represents 59% of the country’s GDP have opted to join forces. They intend to get ahead of the curve on investment opportunities brought on by the Comprehensive Economic and Trade Agreement (CETA) with the European Union, and the massive potential of Asian markets.
The Honourable Greg Rickford, Minister of State (Science and Technology), was in Québec City today to celebrate the new Business-Led Network of Centres of Excellence in Precision Therapeutics (PreThera Research). As a result of the 2014 Business-Led Networks of Centres of Excellence (BL-NCE) competition, PreThera Research was awarded $15 million. This support will enable the Network's researchers to apply their knowledge of biomarkers
Going from 6th place in 2013, Canada has swept past the U.S., Germany and Japan up to the second place in Bloomberg Rankings’ Best Countries for Business 2014.
Desjardins Group, the leading cooperative financial group in Canada, and State Farm®, the largest P&C mutual insurance company in the United States, today announced that they have entered into a definitive agreement under which Desjardins Group will purchase State Farm Canada’s businesses in property and casualty and life insurance, as well as its Canadian mutual fund, loan and living benefits companies.
Québec City now has a regional sales force to promote business tourism outside the province. Unveiled this morning at the Québec City Convention Centre, YQB (Your Québec City Business Destination) will be on the job with the goal of significantly increasing room-nights in the Québec City area. This dream team was created in fall 2013, shepherded by a strategic committee of movers and shakers assembling out-of-province business tourism specialists from Québec City Tourism, the Québec City Convention Centre, and ExpoCité's Centre de foires to help unify, standardize and increase the effectiveness of the city's sales and promotions.
Thales Canada announced today that it has been awarded a five-year, $20 million contract to lead innovative science and technology projects enhancing Canada’s public safety and national security. The work will be led by Thales Canada from the new Thales Research and Technology Canada Centre in Quebec City. Thales and a team of 18 technology partners will carry out the work for Defence Research and Development Canada (DRDC), a division of National Defence.
For the third time in its history, Quebec City has been selected as one of the Smart21 Communities of the Year. This international honour was awarded by the Intelligent Community Forum (ICF), an independent New York-based organization dedicated to studying the economic and social aspects of communities using innovative new technologies. The announcement was made by one of the ICF’s co-founders, Louis Zacharilla, at a symposium organized by Walsh University’s Institute for the Study of the Intelligent Community in Ohio. Some 400 applications were received from cities and regions around the world.
The Quebec City region and Quebec International have been honoured once again in the “Canada’s Best to Invest” rankings compiled by US-based Site Selection magazine, which recognize Canada’s top economic development leaders each year. The Quebec City region placed second in the “Top Canadian Metros” category, while Quebec International was named one of the “Top Canadian Economic Development Groups”.
Héma-Québec, Québec City and the Government of Québec announce the construction of the C∙LAVIE complex, a cell production facility representing an investment of $21.5Mthat will be built in the Michelet innovation space within the territory of Québec City. The new building, with an area of 3,716 square metres, will provide a controlled environment (white rooms) that complies with good manufacturing practises (GMP), a pre-requisite for regulatory product approval. For the first few years, it will primarily be used to manufacture standardized cell and tissue products for clinical studies. Eventually, it will also ensure large-scale production of approved cellular medications.
The Québec City Convention Centre had a great year in 2012–13, generating $104.1 million in economic spinoffs, including $32.1 million from the 15 international conventions it hosted. This represents a 7.4% increase over 2011–12 ($96.9 million), due in large part to increased numbers of visitors from the rest of Canada and abroad. Events hosted at the Québec City Convention Centre were also very profitable for Québec City hotels. Convention Centre business accounted for 168,591 person-nights, 20% of all convention-related stays in the region. The hotel and restaurant industry benefited with $27.4 million in economic activity.
First and 11th respectively in North America, Montréal and Québec City rank favourably for the number of conventions hosted and organized by international associations according to the 2012 rankings of the International Congress and Convention Association (ICCA).
The prestigious tourism magazine, Travel+Leisure, just published the results of its 2013 World’s Best Awards, and its readers have spoken: Québec City is the top destination in Canada and the eighth best in North America. Québec City has moved up a rung since last year, surpassing Vancouver as the most popular Canadian destination. This achievement means Québec City keeps its prized spot in the Hall of Fame, a select group of destinations that have ranked highly for ten or more consecutive years.
Portrait of the Quebec City region competitive business environment: high-performance economy, access to markets, research centers, specialized workforce, infrastructures, tax breaks and low costs. A brochure produced by Québec International.
We have been reporting on the format of teh "Seeks Solution" conferences before. The idea is both simple and surprisingly effective: turn a scientific conference upside down: Skip the presentation of successful research and undertakings and focus, together, on what is really interesting for everybody: challenges yet unsolved.
The Quebec City metropolitan region generated $32.5 billion in real GDP in 2012, a new record. However, the annual increase was only 0.9%, down from 2% in 2011, with the downturn in the labour market in the second half of 2012 and the persistent decline in manufacturing accounting for this more modest showing. Still, the Quebec City CMA recorded average annual growth of 1.9% between 2007 and 2012, one of the highest rates in Canada. Of the country’s eight principal CMAs, only Edmonton (3.4%) and Calgary (2.0%) outpaced Quebec City.
The Quebec City census metropolitan area (CMA) recorded Canada’s highest job creation rate in the first quarter of 2013. Outperforming all other Canadian regions, Quebec City posted a quarterly gain of 9,400 jobs, for a total of 428,100. Unemployment fell to 4.4%, one of the lowest rates in the country (the regional unemployment rate has not been this low since early 2010).
According to the 2013-2014 American Cities of the Future rankings compiled by UK-based fDi Magazine, which is published by the Financial Times Group, Quebec City placed in the Top 10 in three categories (Mid-Sized American Cities of the Future, Business Friendliness and Best fDi Strategy). A total of 422 cities in the Americas were evaluated by fDi Intelligence, a division of the Financial Times, and divided into five groups based on population size. Quebec City is in the mid-sized cities group, which includes urban areas with populations of more than 200,000 inhabitants and metropolitan regions with more than 750,000 inhabitants.
Started as an informal association of large Canadian cities in 2007 and formally incorporated in 2012, the Consider Canada City Alliance Inc. is embarking on a six-day investment mission to three Chinese cities starting the week of April 14th. Representatives from 10 members of the Alliance are uniting their economic development strength to promote Canada as the world’s most desirable destination for Chinese investment and trade.
Over the past few decades, Quebec City has made the transition from an economy primarily based on the traditional sectors to one based on new technology-related research and innovation, known as the knowledge economy. n 2012, the Quebec City region was named one of the Top 7 Intelligent Communities in the prestigious international contest organized by the Intelligent Community Forum (ICF). It was also ranked among the Smart 21 Communities in 2010 and 2011. Nearly 400 applications from cities and regions around the world are evaluated each year.
Quebec City and Lévis are the only urban areas in Quebec e ranked in the Top 10 in their respective categories (large city and mid-sized city).
The index, part of the Milken Institute's Access to Global Capital Initiative in partnership with Liquidnet, provides a systematic, data-rich framework to shed light on nations' attractiveness to foreign investors, the kind that commit "patient" capital to strategic projects that benefit all parties well into the future. It not only considers economic variables but also examines key business, legal, and regulatory policies that can drive those decisions.
Two initiatives aiming to support technology entrepreneurship were recently announced in Quebec City.
Atrium Innovations announces that it has entered into a joint venture contract with Fosun Industrial, incorporated in Hong Kong, wholly owned of Shanghai-based Fosun Pharma for the purposes of distributing Atrium brands in China. According to IMS Health Incorporated, Fosun Pharma is one of the top five domestic pharmaceutical companies in the People’s Republic of China by revenue, in the pharmaceutical manufacturing segment. The new joint venture will operate under the FOSIUM Innovations name.
Québec International's mission is to contribute to the economic development of the Québec City metropolitan region and enhance its international status. As a regional economic development agency, Québec International fosters growth and development, supports key business sectors and attracts talent and investment to the region. The agency is supported by public and private partners; particularly with the financial support from the Government of Québec (ministère de l'Économie, de la Science et de l'Innovation, Emploi-Québec, Secrétariat à la Capitale-Nationale/National Capital office), Economic Development Canada and the Ville de Québec.