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Bilan-Activites2019-En.Pdf Montréal International A vital contribution 2019 ACTIVITY REPORT Greater Montréal The reason for our success: an outstanding team still standing 2019 was a record-breaking year for businesses, workers and the city wealth hinges on its ability to help local Montréal International. Once again, itself. Now more than ever, Greater businesses with their exports, but also the Québec metropolis enjoyed the Montréal must build on what it is on its ability to attract investment from strongest economic growth of all known for, such as the creativity of its abroad. major Canadian cities. Within our talent, its collaboration and innovation teams, this growth has resulted in a ecosystems, and its quality of life. Let's join forces and stay the course. marked increase in foreign investment Together, anything is possible. and in the number of international To this end, Greater Montréal can count skilled workers hired. The exceptional on several organizations committed results presented in this report are to its development. Jean Laurin Chairman of the Board and President due to all the hard work by seasoned, and Chief Executive Officer, Devencore multilingual professionals committed In this context, Montréal International to the success of their clients and to plays a key role. We would like to thank Stéphane Paquet 99% 91% creating wealth in Greater Montréal the members of the Board of Directors President and Chief Executive Officer, are bilingual hold a throughout the year. and our partners, both public and Montréal International (37% trilingual) university degree private, who constantly strive to better (55% a master's Montréal International thus supported serve the region. degree) 89 projects for investments totalling over $2.64 billion that created Although the current situation affects more than 7,700 jobs. The Montréal us all, we still have a substantial project 63% 54% International team also facilitated portfolio. While some projects might are women are under 35 the recruitment of more than a be cancelled, and others postponed, thousand international skilled workers, we are confident that most will and played a strategic role in two materialize in the coming months. Our 31% international organizations setting up team will spare no effort to bolster were born outside in Greater Montréal, while creating major projects, create quality jobs and of Canada another from scratch at the request support activity in our cutting-edge of the Government of Québec. sectors. 2020 is already shaping up to Accordingly, it is vital that we maintain be different; the coming months our strategy of being open to the will present major challenges for world. Our city's capacity to create 2 3 Breakdown by region: Foreign direct United States ahead, Asia-Pacific earns a spot investment Americas United States 49.1% Greater Montréal has never been so attractive. In 2019, Montréal International supported 89 foreign Rest of the Americas 3.3% direct investment projects, including 58 businesses Europe that have set up operations here, meaning over one France 24.2% new company per week in the region. By supporting Rest of Europe 6.3% these projects, Montréal International helped United Kingdom 2.5% to achieve record investments totalling $2.642 billion, Asia an increase of 164% since 2015. Rest of Asia-Pacific 3.1% Japan 4.9% Hong Kong 6.7% Record investments for Investments that deliver meaningful results the 4th year running to Greater Montréal and Québec as a whole $2.642B $3.3B in foreign direct contribution to the GDP, corresponding investment to 21.7% of Québec’s economic growth 89 projects $271M in tax benefits for Québec 58 greenfield projects $187M in tax benefits for Canada 8,061 jobs sustained 7,712 direct jobs created $111M in financial spin-offs for the 349 jobs maintained Communauté métropolitaine de Montréal $84,407 average annual salary 4 5 of these projects would not have been established in Greater Montréal (27%) or would have been established on a smaller scale, with delays or higher costs (61%) without MI’s support, according to a survey conducted by consulting firm SOM. 6 7 Profile of foreign investment Growth in foreign direct investment Examples of projects completed in 2019 In keeping with previous years, the high-tech sectors 2019 $2.642B (89 projects) VISUAL EFFECTS AEROSPACE remain the economic pillars of Greater Montréal AND ANIMATION Derichebourg (France) and showcase the region's know-how on the This leader in aeronautics has 2018 $2.474B (63 projects) Digital Domain (Hong Kong) international scene. Accounting for almost two-thirds The new studio's activities will be created a subsidiary in the city of the investments supported by MI in 2019, the software, focused on feature films. This is to consolidate its activities aerospace, visual effects and animation, video games, 2017 $2.025B (48 projects) 164% the first major Asian visual effects in North America. player to settle in the city. Mitsubishi (Japan) artificial intelligence and electric vehicle sectors are The Japanese aircraft 2016 $1.347B (39 projects) Outpost (United Kingdom) in the lead. The British special effects studio manufacturer's new centre chose Montréal to set up its first of excellence will create up 2015 $1.000B (48 projects) production centre outside the to 250 jobs. United Kingdom. ARTIFICIAL INTELLIGENCE CYBERSECURITY Samasource (United States) OneSpan (United States) This American company, which This cybersecurity firm has made specializes in secure training Breakdown by sector: Breakdown of projects within Montréal its largest operations data management, continued centre. its expansion by opening a new diversified high-tech sectors the Communauté métropolitaine R&D centre. de Montréal (CMM) VIDEO GAMES Axionable (France) 2K (United States) The French firm has set up One of the biggest American its first research and services 2019 video game studios has opened centre in data strategy and 72% ($1,894M) 28% ($749M) $2,642M a Montréal office to develop a artificial intelligence while new chapter in the cult game focusing on sustainable 2018 BioShock. development. 62% ($1,534M) 38% ($940M) $2,474M NovaQuark (France) This world-class player set ENERGY 2017 up in Montréal to step up the Hy2gen (Germany) 13.3% 11.1% 10.8% 10.2% 8.6% 8.4% 6.9% 5.0% 10.2% 14.9% development of the online game The company is partnering 57% ($1,154M) 43% ($871M) $2,025M Dual Universe. with Greenfield Global to help 2016 reduce GHGs in Québec using an innovative green hydrogen 69% ($929M) $1,347M Other* production technology. Software 31% ($418M) IT - other IT Aerospace IT ServicesIT Data centres Video games 2015 Electric vehicles 90% ($900M) $1,000M International entrepreneurs 10% ($100M) Artificial intelligence For the second year, the MI team continued its activities to promote and prospect Montréal Island Remainder of CMM high-potential international entrepreneurs. Visual effects and animation Its efforts paid off, with 11 start-ups deciding to settle in Greater Montréal during the year, including Prokarya Labs (biotechnologies), CoTeacher (science and data analysis) and LiveScale (software). *Agri-food, energy, life sciences and health technologies, etc. 8 9 This is the number of skilled international workers hired through 1,122Montréal International recruitment missions. 10 11 International talent Once again this year, the Montréal International team Breakdown of hires by sector put a lot of energy into expanding Montréal's talent pool, in particular by stepping up promotional efforts among skilled workers and international students. In addition to overseas recruitment missions and numerous targeted activities, our team also provides businesses with strategic support to simplify the immigration process for their international workers. 33.6% 16.0% 2.0% 34.8% 5.3% 3.3% 2.5% 2.0% 0.5% IT Education Aerospace Construction and animation Artificial Intelligence Health and social services Video games, visual effects Finance and administration Skilled workers and machining Manufacturing Through its Talent Montréal initiative, Montréal International organizes numerous recruitment missions to help companies recruit qualified and experienced workers around the world. 1,122 hires, a 75% increase since 2018 21 recruitment missions 229 participating companies 12 13 Increase in the number of skilled workers hired 2019 1,122 (21 missions) 2018 640 (14 missions) 690% 2017 296 (8 missions) 2016 164 (4 missions) 2015 142 (5 missions) Immigration Breakdown of hires by geographical origin: France in the lead process France 85.9% Day after day, a team of professionals supports businesses and workers Brazil 4.5% in their immigration process in Greater Montréal. In 2019, they helped almost Tunisia 3.9% 800 international workers to obtain either temporary work permits or permanent United States 3.1% residence. Other* 2.6% *Mexico, Morocco, Colombia FOR TEMPORARY RESIDENCE and United Kingdom workers supported 573 (1,111 people including their family) 110 companies informed FOR PERMANENT RESIDENCE 211 workers informed 14 15 International ATTRACTION ACTIVITIES 5,500 students students met abroad The I choose Montréal initiative, launched by Montréal International in collaboration with the Québec Ministry of Immigration, Francization 7 3 and Integration, helps to attract and retain recruitment virtual fairs international students, a strategic labour pool missions for businesses in Greater Montréal. RETENTION ACTIVITIES 10,338 international students met 145 96 31 “Live, Work participating jobs/ and Immigrate” companies internships and activities 55 volunteer opportunities resulted from these activities 16 17 More than ever, Montréal International shared its International expertise with the international organizations that showcase the city throughout the world. In 2019, organizations the team facilitated the creation of one international organization and attracted two new international organizations to Montréal, while carrying out 150 strategic interventions with 42 Montréal-based IOs. According to a survey conducted by consulting firm SOM, 100% of the international organizations supported by our team said they were very satisfied (77%) or somewhat satisfied (23%) with Montréal International's services.
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