As the Montréal agglomeration deals with an unprecedented health and economic crisis, it has unveiled an economic recovery plan to support businesses and business owners. This plan sets out tangible and immediate measures totalling $22 million over a six-month period.
The plan, titled “A Boost for the City: Acting Now,” has four areas of focus comprising 20 measures. These measures are the first phase of the economic recovery plan. The city is also using municipal leverage for its recovery efforts by offering major financial incentives and investing in infrastructure and housing projects. It also intends to support the economy by revamping taxation and legislation.
The plan has three objectives:
- Stabilizing and supporting the economy, short term
- Reinventing the city’s economic development
- Mobilizing all partners for green and inclusive economic development
Recovery measures include the values of ecological transition, inclusiveness and mobility as well as innovation and creativity.
The plan, which was unveiled on June 17, is the result of major mobilization. It incorporates recommendations from a city-mandated committee of economic experts, as well as work from the city’s advisory committee to coordinate social and economic stakeholders as part of the city’s economic recovery.
To learn more, read the economic recovery plan.