15th Annual Meeting of Montréal International - Highlights of 2010 results

ATTRACTION OF $576 M IN FOREIGN INVESTMENT
RELOCATION OF AIRPORTS COUNCIL INTERNATIONAL TO MONTRÉAL
SUPPORT TO THE ARRIVAL AND RETENTION OF CLOSE TO 1,500 QUALIFIED FOREIGN WORKERS

MONTREAL, April 14 /CNW Telbec/ - Montréal International (MI) presented its 2010 results at its 15th annual meeting held with close to 250 members and partners. The metropolitan region economic development organization helped to attract $576 million in foreign investment and played a key role in the relocation to Montréal of the headquarters of Airports Council International (ACI)—the only global association of airport authorities. MI also has been instrumental in the arrival and retention of 1,473 qualified foreign workers in Greater Montréal. In addition, some forty activities were held to promote the region's advantages abroad.

"The professionalism and dedication of MI employees enabled us to generate significant spin-offs for the economic prosperity of Greater Montréal and enhance its international status. Despite a still-sluggish economy, MI has managed to perform well. I therefore wish to highlight the support and collaboration of our members and partners, who once again played an essential role in our success," explained Jacques St-Laurent, President and CEO of Montréal International.

Foreign investment
MI helped attract $576 million in foreign investment to Greater Montréal in 2010. These investments—of which 53% came from Europe and 47% from North America—enabled close to 1,800 jobs to be created or maintained in the metropolitan region. Two-thirds of the total investment amount involved high technology sectors. Providing further indication of the added-value of MI results is the fact that almost half (45.1%) of the investment projects correspond to new set-ups.

International Organizations
On the International Organization (IO) front, MI contributed to the relocation to Montréal of the headquarters of Airports Council International. Previously based in Geneva, this prestigious international organization comprises 580 airport authorities operating more than 1,650 airports in 179 countries. "The relocation of ACI to Montréal is a testament to the ability of the Québec metropolis to attract international organizations and consolidates its status as the world capital of civil aviation," concluded Mr. St-Laurent.

Qualified foreign workers
MI's International Mobility team handled 1,473 files of qualified foreign workers in 2010. Applications for temporary permits, which include work permits, student permits and entry visas, almost doubled in one year—from a total of 328 in 2009 to 622 in 2010. One hundred and eighty-six businesses also benefited from MI's services. MI helped 851 candidates from 440 businesses with their applications for permanent residency.

International promotion of Greater Montréal
Among MI's achievements in the area of promotion, the enhancement of its web site comes in at the top of the list—earning MI an award from the International Economic Development Council (IEDC) for the quality and originality of its web site. MI also produced a new promotional publication entitled Attractiveness indicators for international organizations which compares Montréal's assets with those of ten other international metropolises in terms of attracting IOs. The 2010-2011 edition of Greater Montréal attractiveness indicators was also the subject of keen interest. A number of promotional events were also held, including missions to Miami and Zurich which included the participation of MI partners.

MI Board of Directors
The 2011-2012 Board of Directors of Montréal International is made up of the following members (N=new member, R=renewal):

Private Sector Members:

  • Mr. Luc Benoît, President, AECOM Tecsult inc. (R)
  • Mr. André Boulanger, President, Hydro-Québec TransÉnergie
  • Mr. Jean-Jacques Bourgeault, Corporate Director (R)
  • Mr. Guy Breton, Rector, Université de Montréal (N)
  • Mr. Renaud Caron, Senior Vice President - Strategic Development, CGI Group inc. (R)
  • Mr. James C. Cherry, President and Chief Executive Officer, Aéroports de Montréal
  • Mr. Jean Laurin, President and Chief Executive Officer, Devencore Ltd. (N)
  • Mr. Guy LeBlanc, Managing Partner Montréal Office, PricewaterhouseCoopers (R)
  • Mr. Tony Loffreda, Regional Vice President, Commercial Financial Services, RBC Royal Bank of Canada (N)
  • Me David McAusland, Partner, McCarthy Tétrault
  • Mr. Andrew T. Molson, Vice Chairman of the Board, Molson Coors Brewing Company
  • Mr. Yves Pelletier, Chairman of the Board, TechnoMontréal
  • Ms. Louise Roy, Chancellor, Université de Montréal, Chair of the Conseil des arts de Montréal, Cirano invited Fellow and President of the Cirano Leadership Forum
  • Mr. Jean-Pierre Sauriol, President and Chief Executive Officer, Dessau inc. (R)
  • Mr. Jacques St-Laurent, P.Eng., President and Chief Executive Officer, Montréal International
  • Mr. Hubert Thibault, Vice President, Institutional Affairs, Fédération des caisses Desjardins du Québec
  • Ms. Sylvie Vachon, President and Chief Executive Officer, Montréal Port Authority

Public sector Representatives:

  • Mr. Michael Applebaum, Chair of the Executive Committee of the City of Montréal and Mayor of the Côte-des-Neiges / Notre-Dame-de-Grâce Borough
  • Mr. Richard Deschamps, Vice Chair of the Executive Committee of the City of Montréal, responsible for major projects, economic development, infrastructures and road network
  • Mr. Claude Haineault, Mayor of the City of Beauharnois
  • Mr. Luis Miranda, Mayor of the Anjou Borough, City of Montréal
  • Ms. Sylvie Parent, Member of the Executive Committee, City of Longueuil
  • Mr. Jean-Marc Robitaille, Mayor of the City of Terrebonne, and Warden of the MRC Des Moulins
  • Mr. Gérald Tremblay, Mayor of the City of Montréal, and President of the Council, Communauté métropolitaine de Montréal
  • Mr. Gilles Vaillancourt, Mayor of the City of Laval and Vice President of the Council, Communauté métropolitaine de Montréal

Observant Members:

  • Ms. Rita Tremblay, Vice President, Canada Economic Development for the Regions of Québec
  • Mr. Jérôme Unterberg, Assistant Deputy Minister, ministère des Affaires municipales, des Régions et de l'Occupation du territoire

A full report of Montréal International's 2010 activities is available on its website: www.montrealinternational.com.

About Montréal International
Montréal International (MI) was created in 1996 as a result of a private/public partnership. Its mission is to contribute to the economic development of metropolitan Montréal and to enhance its international status. Its mandates include attracting foreign investment, international organizations and qualified foreign workers, as well as promoting the competitive and international environment of Greater Montréal. Montréal International is funded by the private sector, the Communauté métropolitaine de Montréal (Montréal Metropolitan Community), the City of Montréal and the Governments of Canada and Québec.

Since its creation, Montréal International has helped to attract more than $8 billion in foreign investment to Greater Montréal. From these investments, close to 45,000 jobs have been created or maintained. To date, MI's activities have also allowed almost half of the 70 international organizations to establish themselves in the city and, attract and retain, close to 5,500 qualified foreign workers. To learn more, please visit MI Web site at: www.montrealinternational.com.

SOURCE MONTREAL INTERNATIONAL

For further information:

Benoît Lefèvre
Communications Advisor
Montréal International 
Tel.: 514 987-9323
benoit.lefevre@montrealinternational.com

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MONTREAL INTERNATIONAL

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