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Overview of 2016-2017 Results

By Canada Economic Development for Quebec Regions

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About this publication

Publish date : November 17, 2017

Summary :

This report presents an overview of our principal achievements described in our 2016-17 Departmental Results Report.

Table of Contents

  1. Standing by businesses, standing by regions
  2. 2016-2017 Objectives
  3. 2016-2017 Results
  4. Our program alignment architecture
  5. Our overall performance
  6. Results by program
  7. Project examples

Standing by businesses, standing by regions

The 2016-2017 Departmental Results Report (DRR) shows progress made in our mission to support Quebec’s communities and small and medium-sized enterprises (SMEs) in their economic development projects. It measures how far we have come in one year with regards to the objectives set out in our 2016-2017 Report on Plans and Priorities (RPP).

2016-2017 Objectives

We made the commitment to help businesses grow, innovate and export their products and services; to support the economic diversification of communities and their transition to new markets and new technologies; and to capitalize on a culture of innovation in order to increase our performance.

2016-2017 Results

We invested $274 million in grants and contributions to support 1,254 projects that concretize our commitment. More than 11,000 companies and organizations received our financial support, either directly or through a non-profit organization.

The overall satisfaction rate of our customers is 93%.

Our financial assistance had a significant leverage effect: every dollar granted generated an average investment of $3.20 from other sources.

During the reporting period, we aligned ourselves with the Government of Canada’s priorities, particularly with our Strategic Plan 2021: For a more innovative, clean and inclusive Quebec economy. We continued our work to achieve our goals by prioritizing projects that help SMEs innovate—including by supporting the adoption of digital technologies—or develop, produce or adopt clean technologies. We also prioritized projects that aim to diversify and strengthen the entrepreneurial or industrial fabric of devitalized communities, or that foster the economic participation of Indigenous communities.

We achieved our priorities and notably accomplished the following:

Our program alignment architecture

The DRR is structured according to our program alignment architecture (PAA) :

Strategic outcome: Quebec’s regions have a growing economy


Our overall performance

Overall performance, 2016-2017 Objectives Results
Number of Quebec administrative regions having increased their gross domestic product. 17 17
Percentage of Quebec communities having improved their economic performance. 65% 70%
Spending, 2016-2017 Full-time equivalents (FTEs), 2016-2017
Planned spending Actual spending Planned FTEs Actual FTEs
$303,119,941 $315,952,633 323 330
2016-2017 planned and actual spending
Planned spending Actual spending
1.1 Business development $158,796,744 $176,315,687
1.2 Regional economic development $38,450,858 $35,198,143
1.3 Strengthening community economies $87,644,272 $85,904,392
1.4 Internal services $18,228,067 $18,534,411

In order to better meet the needs of Quebec businesses and regions and to adapt to their realities, we reallocated some funds among our programs, in compliance with our departmental authorities. As a result, there is a decrease in spending for programs 1.2 and 1.3 for the benefit of program 1.1.

Results by program

1.1 Business Development Program
Expected results Performance indicators Objectives Results
The pool of businesses in Quebec is renewed. Survival rate of businesses supported in their startup 90% 87%
Quebec businesses are competitive. Survival rate of businesses supported in their development. 95% 100%
1.2 Regional economic development program
Expected result Performance indicators Objectives Results
The Quebec regions have a strengthened economic base. Total amount of investment generated in supported regions that completed implementation of their development project. $3 M $2,5 M
Amount of spending by tourists from outside Quebec attracted to supported regions. $3,6 G $4,2 G
Amount of foreign direct investment maintained in or attracted to supported regions. $1,3 G $1,76 G
1.3 Strengthening community economies program
Expected result Performance indicators Objectives Results
Quebec communities have strengthened economies. Percentage point increase in the survival rate of CFP clients that received assistance over the rate of comparable enterprises that did not receive support. 15 % points 28 % points
Total amount of investment generated in communities for temporary and/or targeted support. $170 M $110,8 M

Project examples

Business support project

CED financed the Montreal-based enterprise B-CITI, who developed an intelligent citizen’s portal in partnership with a group of researchers from the École de technologie supérieure (ÉTS), the city of Brossard and the Natural Sciences and Engineering Council of Canada.

This intelligent multi-modal/multi-channel platform brings cities closer to their residents: it connects systems, centralizes and cleans data, digitizes resident services and provides real-time analytics dashboards.

Citizens can contact and interact with their city from this portal, accessible on any digital device. CED’s support enabled the implementation of a marketing strategy for the Canadian market. B-Citi is currently developing the international market.

Business performance project

Cordé Électrique, a manufacturing company located in Eastern Townships, received funding to improve its performance by increasing its productivity and manufacturing capacity. The project also aims to implement a marketing plan for the U.S. market.

CED’s support helped improve the company’s production chain by acquiring state-of-the-art equipment and by expanding the plant. The company also created new jobs, going from 45 to more than 70 employees since the project began.

Winner of the Accroissement de la productivité (productivity growth) award at the 2017 Mercuriades, Cordé Électrique specializes in small- and medium-sized personalized batches of electrical harnesses, as well as prototype, moulding, wire printing, technical support and cost reduction analysis services. The company generates most of its revenue from transport and recreational products.

Regional engagement project

CED’ financing enabled the Îles-de-la-Madeleine municipality to develop an economic diversification plan and to carry out a socio-economic portrait of the archipelago. The municipality also conducted a SWOT analysis (strengths, weaknesses, opportunities, threats), notably based on an online survey and a focus group with various economic stakeholders.

Three priority areas were identified: economic opportunities for a waste diversion project; development of a business accelerator with access to logistical and technical support; and development and implementation of a strategy to attract investment and entrepreneurs.

The economic diversification plan is part of the Horizon 2025 Program directions. The program, which the community adopted in 2013, provides a shared vision of development and reflects the archipelago’s characteristics.

Temporary and/or targeted support project

As part of the Economic Diversification of Quebec Communities Reliant on Chrysotile Initiative, CED financed BXA, an enterprise that specializes in the development of processes and equipment for treating secondary sludge generated by industrial, agri-food and municipal activities.

The company developed a technology that significantly reduces the volume of industrial sludge. This innovation is expected to lower transport and disposal costs, reduce the presence of bacteria and coliforms, and control odour for sludge so it can be reused in agriculture. The project enabled the company to complete the pilot phase to develop a prototype of an electric biological sludge processor. At the time of writing, the company was beginning its marketing efforts.

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