Montreal unveils $1.3M plan to relaunch its battered economy
The city of Montreal and the Chamber of Commerce of Metropolitan Montreal is starting a new initiative to boost the economy after the big hit it took from the COVID-19 pandemic.
While all levels of government agree that Montreal is weathering the COVID-19 storm better than some other cities across North America, the city still needs help in bringing 14 major sectors back to life — such as retail, aerospace, tourism and creative industries.
Mayor Valerie Plante says this action plan, dubbed Relaunch MTL (Relançons MTL), will help better diagnose the weak spots in the city's economy.
"We realize that for retail, it's difficult, manufacturing it's difficult, tourism, hotels it's difficult, but there are other places where it's okay," Plante says. "So how do we better target so the next investments we make are very specific?"
Among other things, Relaunch MTL will host industry-specific conferences, including a city-wide forum in November at the Palais des Congrès.
Relaunch MTL will have a budget of close to $1.3 million, with the vast majority of that money coming from the federal and provincial governments.