MONTREAL, March 31 /CNW Telbec/ - According to the KPMG Competitive
Alternatives Study, Greater Montréal offers the most competitive operating
costs in the R&D sectors among the 20 largest urban centres in Canada and the
United States. Compared to the average for American cities, Greater Montréal's
performance translates into a 15% cost advantage in clinical trials, 8.6% in
electronic systems development and testing and 5.1% in biotechnology. The data
also indicate that Greater Montréal stands out in the software design sector,
where it ranks first, with a 5.2% cost advantage.
"These positive results for the region are essentially explained by the
presence of the R&D tax credits offered by the governments of Québec and
Canada," said André Gamache, President and Chief Executive Officer of Montréal
International. "In the context of globalization of the knowledge economy,
investment projects are highly mobile. Tax assistance, particularly in R&D, is
a strategic tool that allows a region like Greater Montréal to increase its
competitiveness and its ability to attract foreign investments," he added.
For Montréal International, this study is a powerful promotional argument
that facilitates the work of analysis and comparison for companies searching
for a location site. "Even though the rise of the Canadian dollar against the
US dollar had a major impact on all operating costs in Canada, Greater
Montréal continues to offer an extremely competitive environment."
All sectors combined, Greater Montréal ranks 4th out the 20 largest
metropolises in Canada and the United States and in the very top rank of the
agglomerations of the American northeast in terms of a company's operating
costs. The cost index developed by KPMG was established, in particular, on the
basis of labour, taxation, transportation, energy, telecommunications and
facility costs, and was calculated for 17 sectors of activity.
"While deriving a competitive advantage from our lower costs in the R&D
and high-technology sectors, we must rely on our other advantages,"
Mr. Gamache pointed out. "The Montréal region offers a highly skilled
workforce, university institutions and research centres whose excellence is
acknowledged on the international scene, recognized cultural dynamism and a
remarkable quality of life."
About Montréal International (www.montrealinternational.com)
Montréal International was created in 1996 as a result of a
private/public partnership. Its mission is to contribute to the economic
development of Greater Montréal and to enhance its international status. Its
mandates include attracting foreign investment, international organizations
and strategic workers, and supporting the development of innovation and
high-technology clusters in the metropolitan region. Montréal International is
financed by the private sector, the Montréal Metropolitan Community, the City
of Montréal and the governments of Canada and Québec.
Since 2000, Montréal International has been involved in 379 direct
foreign investment projects totalling $5.6 billion. From these investments,
28,186 jobs have been created and 5,459 jobs have been maintained.
For further information:
For further information: Céline Clément, Montréal International, (514)