Question Period Note: CED at the service of all Quebec regions
About
- Reference number:
- DEC-2023-QP-00056
- Date received:
- Sep 13, 2023
- Organization:
- Canada Economic Development for Quebec Regions
- Name of Minister:
- Martinez Ferrada, Soraya (Hon.)
- Title of Minister:
- Minister responsible for the Economic Development Agency of Canada for the Regions of Quebec
Issue/Question:
CED at the service of all Quebec regions
Suggested Response:
The mission of Canada Economic Development for Quebec Regions is to support the long-term economic development of all regions of Quebec, with particular emphasis on
regions experiencing slow economic growth or lacking opportunities for productive employment.Canada Economic Development for Quebec Regions supports businesses through its programs and its network
of 12 business offices across Quebec, or through economic organizations that it funds.Canada Economic Development for Quebec Regions works with key partners on the ground, tailoring its interventions to capitalize on each region's specific strengths and assets.
Canada Economic Development for Quebec Regions supports all good projects that generate economic
spinoffs in Quebec and contribute to the economic growth and long-term prosperity of the regions.
Canada Economic Development for Quebec Regions analyzes each funding request according to government priorities, program criteria and available budgets.
Background:
- Canada Economic Development for Quebec Regions' 2023-2024 grants and contributions budget is $518.9 million.
- Since November 2015, Canada Economic Development for Quebec Regions has authorized 5,650 projects for a total of $3 billion in assistance, generating $15 billion in investment for Quebec as a whole;
- By doing more than financing promising projects, Canada Economic Development for Quebec Regions acts as a facilitator, helping to bring the right partners together around a given project.
- Canada Economic Development for Quebec Regions has a number of intervention tools within its regular programs to support Quebec regions facing specific challenges.
Additional Information:
The mission of Canada Economic Development for Quebec Regions (CED) is to promote the long-term
economic development of all regions of Quebec, including rural areas. Canada Economic Development for
Quebec Regions supports Quebec businesses and communities as they move toward a cleaner, more
innovative and inclusive economy. It accomplishes its mission through its programs and initiatives, as well as
its twelve (12) business offices located throughout Quebec, and through not-for-profit economic
organizations. These include Community Futures Development Corporations (CFs) and Business Development
Corporations (CAEs), which are key partners in promoting economic development in rural areas. Canada
Economic Development for Quebec Regions works to ensure synergy and complementarity with its various
partners and levels of government.