Why Québec? A Strategic Location and Dynamic Business Environment!

Why Québec? A Strategic Location and Dynamic Business Environment!

Why Québec? A Strategic Location and Dynamic Business Environment!

Québec, the second-most populous province and second largest GDP in Canada, is known for its diversified economy, cutting-edge industries, rich quality of life and abundant natural resources. The economic powerhouse is an ideal trading and investment partner: Québec traded 16 billion dollars in commerce with Texas in 2022 alone.

A gateway to the Americas – and the world

Due to its strategic location, efficient logistics hub and extensive transportation infrastructure, Québec is not just a vital business link between the Americas and Europe, it also provides direct access to 1.5 billion consumers with a combined GDP of US$50 trillion (representing 60% of global goods and services production). Its proximity to over 320 million consumers in the U.S. and 40 million more in Canada along with its free-trade agreements with all G7 countries and Latin American countries make Québec a significant player on the economic world stage. Non-stop flights from Houston and Dallas make for quick connections.

Competitive operating costs and attractive economic incentives

99% of Québec electricity is produced from clean, renewable sources like hydropower, allowing for the most competitive electricity rates in North America. Average operating costs run significantly lower in Québec than in other Canadian and U.S. regions—up to 25 percent less! Generous incentives, including favourable tax treatment for businesses and tailored government support, further increase Québec’s attractiveness as a global marketplace.

Expertise in high-value-added sectors

Québec is a world leader in cutting-edge high-tech industries like aerospace, video gaming,
visual effects and animation, AI and life sciences, just to name a few. In sectors like energy technologies, cybersecurity, FinTech, IT and transportation and logistics, Québec has proven expertise and a flair for innovation.

Top talent and entrepreneurial spirit

With world-class educational and research institutions and over 500,000 students across the province, Québec provides access to a highly skilled workforce. Significant R&D investments further ensure an innovative and entrepreneurial talent pool. Over 1,400 research chairs, centres and laboratories show Québec’s commitment to excellence and pioneering in innovation.

Higher purchasing power, higher quality of life

Many U.S. companies such as Dell or Bell Textron have also chosen to open shop in Québec because of the exceptional quality of life available to their employees, thanks to the affordable overall cost of living, including North America’s lowest tuition fees and inexpensive childcare; universal healthcare; the very low crime rate; the abundance of nature, and a wealth of cultural and sports offerings. Due the exchange rate, purchasing power can be up to 30 percent higher in Québec. La belle province is a great place to live and work for everyone.

— Québec Government Office in Houston

Author: WAC Austin

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