2023-05-26 16:52:30
Believing that Quebec still has assets in its game to increase its supply of renewable energy in the future – by building new infrastructures and reducing domestic demand – Pierre Fitzgibbon nevertheless remains confident in the province’s energy capacities.
The good energy
: “Look, we can give you green renewable energy, but the timing is going to be different from your timing“”,”text”:”I think we are able today to work with companies and tell them: “Listen, we can give you green renewable energy, but the timing will be different your timing”””>I think that today we are capable of working with companies and telling them: “Listen, we can give you green renewable energy, but the timing is going to be different from your timing“
he explained.
Today, we are beginning to dissociate societies that are anxious over time, regardless of the source of energy. Other societies are more patient because they want to have the right energy. I think the customers we want in Quebec are those who are patient for good energy.
We have a significant comparative advantage in Quebec that we will be able to maintain in the coming years
assure Pierre Fitzgibbon.
An opinion shared by the president of Investissement Québec International, Hubert Bolduc. According to him, Quebec will now have to target surgically
foreign investments in the context of the continuing scarcity of labor and the imminent end of energy surpluses.
I think we’re coming to the top of a curve
warned Mr. Bolduc in an interview with The Canadian Press.
According to him, aeronautics, aerospace, life sciences, quantum computing and photonics are among the strategic sectors to be privileged.
: do less in terms of volume, but do more strategic in terms of project quality.”,”text”:”You really have to look […] companies that are missing in the ecosystems. I think that’s the signal we’re sending to the teams for the next, or even the next two years: do less in terms of volume, but do more strategic in terms of project quality.””>You really have to go find […] companies that are missing in the ecosystems. I think that’s the signal we’re sending to the teams for the next, or even the next two years: do less in terms of volume, but be more strategic in terms of project quality.
« The government will have to make choices and prioritize. I think that is well understood by the companies that knock on our door. »
Exceptional results
Many eyes abroad are indeed turning towards Quebec, as evidenced by the results presented Friday by Investissement Québec International.
March, we generated more than 6billion dollars in direct investment”,”text”:”In terms of attracting foreign investment for the year just ended, on March 31, we generated more than 6 billion dollars in direct investment” “>In terms of attracting foreign investment for the year just ended, on March 31, we generated more than 6 billion dollars in direct investment
rejoices Guy LeBlanc, President and CEO of Investissement Québec.
Origin of foreign investment in Québec last year (22 countries)
- Europe 46 %
- Americas 42%
- Asia 12%
The value of foreign investment in Québec reported by IQ was three times higher last year than in 2018-2019.
In terms of export assistance, Investissement Québec estimates that its support made it possible to generate the equivalent of $3.1 billion in exports for Québec companies during the last fiscal year, compared to $1.95 billion last year. year before.
More than 59% of these sales were made in the United States, 31% in Europe, Africa and Asia and 10% elsewhere in Canada.
Guy LeBlanc, President and CEO of Investissement Québec
Photo : Radio-Canada
« Investissement Québec’s performance in promoting Québec internationally has never been so remarkable. »
More than 125 projects have been carried out by Investissement Québec International over the past year. Seventy-eight were reinvestments from foreign companies already established in Quebec, while 45 others were new establishments. But despite the interest Quebec arouses, competition remains strong. Indeed, in more than 40% of the investments obtained, Québec was in competition with other foreign or Canadian subsidiaries.
« In the field of drums, it’s incredible, the competition we have. »
The specter of a recession still hangs
In addition to the end of the large energy surpluses, Québec must also deal with major labor problems and increasingly numerous signs of an economic slowdown to come.
It is sure that we feel these headwinds
, acknowledges Guy LeBlanc. And that, he says, is what makes Investissement Québec’s mission even more important in terms of economic development.
What we have to do is be even more present with companies, even more insistent on motivating them to invest more, because with the scarcity of labour, it is important to invest and go through the automation of manufacturing and transformation processes
so that Québec businesses remain competitive.
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