MONTREAL, Feb. 27, 2012 /CNW Telbec/ - SECOR, a strategy consulting
firm, released on February 24th a study that estimates the economic benefits that will stem from
activities undertaken under the Plan Nord, in particular in the mining
and energy sectors, as well as from infrastructure development.
Economic benefits of $148B
The primary authors of the study, Jean-Pierre Lessard and Guillaume
Caudron, both managers at SECOR, estimate that these projects will
generate $148B in economic benefits over 25 years.
Wealth creation stemming from the Plan Nord will reach about $5.9B per
year, or 1.8% of Quebec's GDP. The projects could sustain 37,000 jobs
per year, at an average annual salary of $65,000. Each job created in
the North should result in another being created in the South.
The manufacturing sector and professional services will mostly benefit
from the construction related activities, while the mining and public
service labour force will benefit the most from the impact of
activities related to operations.
Positive factors and trends to watch for
Some dynamic factors, such as the development and integration of the
mining sector, upstream with equipment, or downstream with the
transformation of developed resources, constitute levers that can
maximize these benefits. Inversely, other factors such as the cyclical
nature of the mining industry, currently on an upswing, or the
challenge of finding sufficient skilled labour, could also slow the
development of some projects.
Beyond the marketing operation, the Plan Nord is above all a necessary
effort to facilitate and coordinate, and thereby accelerate the
implementation of tangible projects and maximize the resulting economic
benefits, which will enable all of Quebec to benefit from the wealth
developed within its territory.
The complete study is available at the following address: www.groupesecor.com
SECOR is the largest independent business and organizational strategy
consulting firm Canada. SECOR has been advising and coaching
top-management teams in planning and implementing strategy for over 35
years. SECOR has over 150 professionals, and offices in Montreal, New
York, Paris, Quebec City, Toronto and Vancouver. www.groupesecor.com
For further information:
Jean-Pierre Lessard / Guillaume Caudron
Tel: 514 861-9031