Montreal attracts more foreign investment

By Tracey Arial

A skilled talent pool, low corporate taxes, high quality of life, a dynamic environment and a network of integrated companies in key industries make Montreal an attractive location for foreign investment.

In the last ten years, people are coming here because there is a dynamic environment and the pool of talent is not only growing but it is developing as well,” says Dominique Anglade, who was appointed as president & CEO of Montreal International last year.

The experience is just the latest in several positive developments that have taken place since Anglade began her new role. Under her leadership, Montreal International negotiated 39 deals last year, a record result that brought $1.28 billion into the city and created or maintained 2,700 jobs.

Anglade says that these results were obtained using an award-winning strategic approach.

“We really go after specific companies from important clusters.”

Information technology, including the special effects field, is going to be critical for us. It already represents the vast majority of the investments we are getting, and so it will be critical.”

Other important opportunities include medical equipment and devices, aerospace and the food industry.

The food industry is going to become more important moving forward,” she said. “Transformation, innovation about how we process food; there are many things we are exploring within the sector. A lot of people are getting excited about that.”

Anglade has big plans for Montreal’s future, including taking better advantage of international agreements around the world.

We need to be more ambitious,” she said. “We need to take risks. We need to be better organized.”

Note: This article appears on page 20 of the Spring 2014 issue of Real Estate Forum.

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