Montréal, June 11, 2014 – As Investissement Québec’s annual report and sustainable development report was tabled with the National Assembly today, Mario Albert, the Corporation’s President and Chief Executive Officer, said, “This year, Investissement Québec managed to attract a record number of foreign investment projects. These exceptional results are due to the Corporation’s unflagging efforts in recent years. Investissement Québec is successfully fulfilling the mandate entrusted to it by the government: to prospect for foreign investment.”
During the fiscal year ended on March 31, 2014, the Corporation helped get 89 foreign investment projects off the ground. These investments, worth $2 billion, will ultimately create or protect over 5,000 jobs—results greatly surpassing the annual target.
“Investissement Québec also continued to financially back businesses in every region of Québec. The results that it posted show the Corporation’s unwavering support for their projects, despite the challenging economy,” added Mario Albert.
Investissement Québec and the Economic Development Fund (EDF), which the Corporation is responsible for administering, authorized or carried out more than 1,500 financing operations totalling $2.1 billion.
These results would not have been possible without the hard work of the entire Investissement Québec team. The 93% satisfaction rate among clients and 95% rate among financial partners reflect the employees’ solid commitment to the Corporation and economic development.
Investissement Québec generated net income of $38 million during fiscal 2013-2014. Its portfolio under management stood at $3.7 billion as at March 31, 2014. The Corporation also manages EDF’s portfolio, worth $4.4 billion, on behalf of the government.
Investissement Québec’s 2013-2014 annual report and sustainable development report is available here, in French.
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