MONTREAL, June 18, 2012 /CNW Telbec/ - The Board of Trade of
Metropolitan Montreal today unveiled the results of its study,
conducted in partnership with Montréal International and the economic
development department of the Ville de Montréal. The conclusions of the
study, titled Competitiveness of the Greater Montréal Business Environment, call for concerted action to improve the business environment and
encourage private investment.
"Most of the companies surveyed don't think the city is more competitive
than five years ago and that the business environment has improved.
More than one third thinks it has deteriorated. This is cause for
concern and requires concrete action immediately," said Michel Leblanc,
President and CEO of the Board of Trade of Metropolitan Montreal.
The study confirms that the quality of Greater Montréal's skilled labour
is important for its competitiveness. "The business executives polled
told us that the city's biggest asset is the quality of its skilled
labour, but its availability is still problematic. How much money flows
into Montréal is directly tied to our ability to educate our young
people and attract qualified workers to pursue their career here. Our
crumbling road infrastructure is another big impediment. From these
observations, it's clear that decision makers are keenly aware of the
challenges facing Quebec and the metropolitan area," continued Leblanc.
The study also reveals the importance of encouraging existing companies
to stay here. "One of the effects of the economic crisis and slow
recovery are that many jurisdictions are working harder than ever to
convince decision makers to invest in and even relocate to their
regions. We have to make sure that our incentives are as good as what
other North American cities are offering," stressed the Board of
Trade's President and CEO.
One of the findings is that Montréal's comparative advantages,
particularly, real business costs, are not well known. "We have to make
it a priority to promote the city internationally to, among other
things, convince head offices to invest in the subsidiaries they have
here," added Leblanc.
"Although they are critical of the city's business environment, business
executives remain cautiously optimistic. In fact, 58% of the
respondents are working on an investment project in the area. What we
have to do is set the stage to make sure these investments actually get
made," concluded Leblanc.
The purpose of the Board of Trade's study was to investigate how
business leaders perceive the city's business environment. The study
polled 103 executives of companies based in the metropolitan area.
Seventy percent are foreign subsidiaries. The respondents all know
Montréal very well and the cities it is competing against to attract
new private investments and head offices.
To read the study: http:// www.ccmm.qc.ca/competitivite (in French only).
About the Board of Trade of Metropolitan Montreal
The Board of Trade of Metropolitan Montreal is made up of some 7,000
members. Its mission is to represent the interests of the business
community of Greater Montréal and to provide individuals, merchants,
and local businesses of all sizes with a variety of specialized
services to help them achieve their full potential in terms of
innovation, productivity, and competitiveness. The Board of Trade is
Quebec's leading private economic development organization.
SOURCE BOARD OF TRADE OF METROPOLITAN MONTREAL
For further information:
Interim Advisor, Media Relations
Board of Trade of Metropolitan Montreal Phone:
514 871-4000, extension 4015
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