Signs of an economic slowdown affected the value of direct and foreign investment in the greater Montreal area last year, which fell 5.8% to 3.58 billion, according to the Montreal International (MI) report released on Monday. emerges. The organization says it supported 102 projects in 2022 – a record.
Posted at 11:00 am
This report was presented at a press conference in the presence of representatives from the three levels of government: Pablo Rodriguez, federal minister for Canadian heritage and Québec lieutenant in the Trudeau government, and Pierre Fitzgibbon, minister for business and energy.
Also present were Montreal Mayor and Metropolitan Community of Montreal (CMM) President Valérie Plante, Longueuil Mayor Catherine Fournier and Laval Mayor Stéphane Boyer.
MI calculates that about 8,300 jobs were created with average annual salaries exceeding $88,000. The life sciences sector won 12 projects worth 685 million. The highlight in this category is the construction of the vaccine factory of the multinational Moderna in Laval.
In addition, 21 projects valued at $755 million have settled off the island of Montreal. According to MI, more than 50% of direct and foreign investment came from America last year. The rest comes mainly from France, Switzerland, the rest of Europe and the Middle East.