Economy
Economy
Highlights
Economy
$2.2B over 5 years to increase the productivity of Quebec’s economy:
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- Support innovation and research ($1.5B over 5 years):
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- Roll out the Québec Research and Innovation Strategy 2022-2027 ($1.3B over 5 years, including $288M in 2022-2023);
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- Renewal of the Québec Life Sciences Strategy ($110M over 3 years, including $20M in 2022-2023):
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- Strengthen the life sciences ecosystem;
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- Develop leading-edge technological, digital and physical infrastructure to attract and support businesses in the sector;
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- Meet health challenges with the help of Quebec businesses;
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- Develop talent and human capital suited to the sector’s new needs.
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- Support the development of critical and strategic minerals and innovation in the mining sector ($7.5M in 2022-2023):
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- Continue the partnership research program on the sustainable development of the mining sector.
- Strengthen support for foundations and research organizations ($13.9M in 2022-2023).
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- Continue the digital shift ($451M over 5 years, including $150M in 2022-2023):
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- Continue the digital transformation offensive ($30M in 2022-2023);
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- Complete mobile coverage of Quebec’s inhabited areas and road corridors ($30M in 2022-2023);
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- Accelerate the pace of the government’s digital transformation;
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- Launch a new program to enhance cybersecurity ($25M in 2022-2023);
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- Update the digital services offering to ensure tax fairness ($35M in 2022-2023).
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- Stimulate investment in new technologies, entrepreneurship and exports ($224M):
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- Accelerate the acquisition of new technologies by businesses (nothing in 2022-2023);
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- $156M to extend the parameters of the investment and innovation tax credit (C3i).
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- Contribute to entrepreneurial dynamism ($17.5M in 2022-2023);
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- Increase exports and promote Quebec’s strengths ($3.2M in 2022-2023).
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- Strengthen the employment integration of immigrants ($290.2M over 5 years):
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- Increase support for learning French ($12.9M in 2022-2023);
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- Encourage the attraction of immigrants to the regions (nothing in 2022-2023);
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- Speed up the processing of immigration applications ($2.3M in 2022-2023).
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- $1.5B over 6 years to support the economic development of the regions:
- Contribute to the prosperity of the regions ($435M):
- Support regional air transportation ($255M over 5 years):
- Encourage the establishment of accessible regional air service;
- $21M in emergency support for regional air transportation.
- Foster the economic vitality of the regions ($15.4M in 2022-2023):
- Accelerate economic development across Quebec ($7.6M in 2022-2023):
- Support for developing the battery industry;
- Support for RCMs with their strategic planning.
- Accelerate economic development across Quebec ($7.6M in 2022-2023):
- Support regional air transportation ($255M over 5 years):
- Encourage Quebec production and buying local ($5M in 2022-2023):
- Strengthen Quebec’s supply chains.
- Maximize the international potential of Quebec’s regions and partners ($1.3M):
- Consolidate the networking structure of chambers of commerce and enhance cooperation initiatives that include regional components.
- Continue the growth of the bio-food sector ($627M over 5 years):
- Continuation of the Bio-Food Policy ($133M in 2022-2023);
- Initiatives to ease the labour shortage ($3M);
- Enhancement of La Financière agricole du Québec’s Programme Investissement Croissance ($25M in 2022-2023).
- Secure propane supplies in Quebec ($1.5M).
- Invest in regional land transportation infrastructure ($62.7M).
- Contribute to the prosperity of the regions ($435M):
- $1.5B over 6 years to support the economic development of the regions: