Economy
Economy
Economy
$887.6M to increase the productivity of Quebec’s economy over five years
$413M to stimulate private investment and accelerate economic growth
$272.7M to step up innovation efforts
$201.9M to foster business growth, digitization and exports
Details
- $413M to stimulate private investment and accelerate economic growth:
- $373M to introduce a new tax holiday for large investment projects over five years;
- $40M to develop industrial land to host large-scale projects (note that $135.5M is provided in the Québec Infrastructure Plan 2023-2033 (QIP)).
- $272.7M to step up innovation efforts, including:
- $100M to continue rolling out innovation zones;
- $55M to foster innovation in transportation;
- $12M to support the life sciences and medical technologies sector.
- $201.9M to foster business growth, digitization and exports;
- $25M over 2 years to increase the funds available under the Programme de soutien à la commercialisation et à l’exportation.