CED supports economic development in all Quebec regions by paying particular attention
to those grappling with economic difficulties.
MONTRÉAL and QUEBEC, Aug. 6, 2024
/CNW/ - Canada Economic Development for Quebec Regions
(CED)
The full and meaningful participation of all Quebec regions in inclusive, sustainable
growth is important for our economy. Since they do not
all have the same assets or challenges, this must
be taken into account in supporting their economic
development.
That is why the Honourable Soraya Martinez Ferrada,
Minister of Tourism and Minister responsible for CED, today
announced the launch by CED of a new funding approach in
Quebec's eight most economically
vulnerable regional county municipalities (RCMs). These RCMs
will now benefit from new flexible program conditions from
CED, which will be able to expand the types of support offered to
SMEs and NPOs, while also adapting its guidance to the economic
challenges specific to the reality of each RCM.
The eight RCMs are the Kativik Regional Government, MRC Avignon,
MRC de La Haute-Gaspésie, MRC La Tuque, MRC de
La Vallée-de-la-Gatineau, MRC
du Golfe-du-Saint-Laurent,
MRC du Rocher-Percé and MRC de Pontiac.
This temporary three-year initiative (2024‑2027)
will help Quebec's
economically vulnerable RCMs to implement promising projects
by businesses and organizations that will create local economic
benefits and enhance their long‑term economic
development potential.
Quote
"Our government has a mission to guide the country's businesses
and regions into the economy of tomorrow and to help them seize the
business opportunities that will arise. That is why CED wants to go
further in its approach by paying particular attention to the RCMs
in Quebec that are the most
vulnerable economically. Assisting them in the development of their
economic assets will help ensure more inclusive growth to the
benefit of every community in Quebec."
The Honourable Soraya Martinez Ferrada,
Member of Parliament for Hochelaga,
Minister of Tourism and
Minister responsible for CED
Quick facts
- CED is the key federal partner in Quebec's regional economic development. With
its 12 regional business offices, CED accompanies businesses,
supporting organizations and all regions across Quebec into tomorrow's economy.
- CED targets the needs of each region through strategic
investments, thanks in particular to its economic development
indicator. CED uses this indicator as a basis for adapting its
actions in light of the growth potential of Quebec's RCMs, considering the economic
advantages they enjoy and their ability to draw on them.
- CED already adapts its support based on each region's growth
potential by providing flexible conditions to the 75 RCMs in
Quebec with weak growth
potential.
- To go even further in its mandate, CED is now offering to the
eight most economically vulnerable RCMs, which figure among the 75
RCMs with weak growth potential, additional flexibility to expand
the types of assistance available and projects supported.
Associated links
- Targeted support for Quebec's
economically vulnerable RCMs
- CED funding initiatives and programs
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SOURCE Canada Economic Development for Quebec Regions