{"id":775,"date":"2014-08-20T18:25:00","date_gmt":"2014-08-20T18:25:00","guid":{"rendered":"http:\/\/rf.podcastfixit.com\/index.php\/2014\/08\/20\/laval-technopole-predicts-investmen\/"},"modified":"2015-06-01T19:40:58","modified_gmt":"2015-06-01T19:40:58","slug":"laval-technopole-predicts-investmen","status":"publish","type":"post","link":"https:\/\/newscoverage.org\/index.php\/2014\/08\/20\/laval-technopole-predicts-investmen\/","title":{"rendered":"Laval Technopole predicts investment worth $1.1 billion"},"content":{"rendered":"

By Robert Frank<\/b>
\nwww.thesuburban.com<\/a><\/p>\n

Laval\u2019s economy will continue to outpace most of the province in 2014, the city has predicted. <\/p>\n

\u201cLaval Technopole projects capital investment worth $1.1 billion in 2014,\u201d executive committee vice-chair David de Cotis told The Suburban.<\/i><\/p>\n

\u201cThings have turned out to be going in the right direction,\u201d de Cotis, who is also Technopole\u2019s chairman, said in an interview. <\/p>\n

\u201cThe previous administration left a gray cloud over Laval in the eyes of potential investors,\u201d he acknowledged, \u201cbut the situation has really turned around as we take the right steps, as we promised, to put an end to collusion and corruption. We\u2019ve taken a blank slate and are building upon a solid foundation.\u201d <\/p>\n

\u201cLumen\u2019s recent decision to invest $100 million in relocating here,\u201d was an important spur, de Cotis declared, \u201cbringing 260 new jobs to Laval.\u201d<\/p>\n

He cited other investments like Cit\u00e9 des affaires’<\/i> $20 million, 40,000 sq.ft. head office in Laval\u2019s industrial park; Montreal Neon\u2019s move from Montreal to a new $10 million warehouse on Highway 440; Les Serres Pierre Brisebois\u2019<\/i> $200 million, 60,000 sq.ft. expansion; and Creaform\u2019s new 12,000 sq.ft. facility.<\/p>\n

In April, Laval opposition councillors expressed alarm that capital investment had slumped below the $1 billion mark during 2013 and that Laval construction permits had tumbled to an all-time low.<\/p>\n

However, as the city\u2019s population continues to grow briskly, there\u2019s no sign of the market abating for residential accommodation in Laval, driving significant real estate investment here.<\/p>\n

\u201cThere is a huge waterfront condominium project Aqua Bleu that will be going up in Ste. Doroth\u00e9e,\u201d de Cotis enthused. \u201cIt\u2019s a big project worth $250 million, involving the construction of more than 210 condos.\u201d<\/p>\n

He added that the luxury condo towers haven\u2019t faced the same opprobrium as three similar projects east of Pont Viau, which de Cotis\u2019 Mouvement lavallois party questioned during last year\u2019s municipal election campaign.<\/p>\n

\u201cThere\u2019s no pushback,\u201d he said of the new Ste. Doroth\u00e9e initiative. \u201cIt\u2019s going to have to meet some provincial environmental conditions, but the green light is contingent on responding to the criteria required by the Quebec government.\u201d<\/p>\n

Despite Technopole\u2019s success at making Laval a magnet for capital investment and head offices, the economic development dynamo might soon be split up.<\/p>\n

As reported in The Suburban<\/i> last month, the Institute for Governance of Private and Public Organizations (IGOPP) has urged Laval to divide Technopole in two and restrict it to administering capital investment funds for local business.<\/p>\n

It would see Technopole\u2019s staff of 44 trimmed to 18. The remaining employees would be transferred to the municipal bureaucracy as part of a yet-to-be-created city economic development department that would be assigned to attract investment and cut red tape.
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By Robert Frank www.thesuburban.com Laval\u2019s economy will continue to outpace most of the province in 2014, the city has predicted. \u201cLaval Technopole projects capital investment worth $1.1 billion in 2014,\u201d executive committee vice-chair David de Cotis told The Suburban. \u201cThings have turned out to be going in the right direction,\u201d de Cotis, who is also<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-775","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nLaval Technopole predicts investment worth $1.1 billion - Newscoverage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newscoverage.org\/index.php\/2014\/08\/20\/laval-technopole-predicts-investmen\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Laval Technopole predicts investment worth $1.1 billion - 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