Strongest job growth in border region
During its annual general assembly which took place on April 2nd, the CLD presented its annual report and proceeded with the publication of its new edition of its repertoire of industrial enterprises.
“Globally, we can draw up a positive report of the last year for the economy of Memphremagog. According to the numbers supplied by Emploi-Quebec, we note a growth of more than 800 jobs in the region as well as an increase of almost one hundred enterprises,” commented Vicki May Hamm, the president of the Memphremagog MRC’s CLD. Other businesses showed signs of expansion in announcing large investment projects while others had new constructions to continue their growth.
For a second year, the CLD held the L’OEil de Memphré initiative, resulting in sixteen projects being presented to the
panel of experts, representing a potential investment of almost $10 million in the region. The CLD gave out $534,000 to twenty projects, one hundred and forty-five existing enterprises were accompanied for projects of all kinds, and support was given to one hundred and three start-ups, thirty-four of which came to fruition in 2013. Twenty-five information meetings were offered to explain the different services available to entrepreneurs, attracting 194 participants.
When it comes to tourism, the CLD celebrated the 1st anniversary of the new tourist information office, in Magog. In 2013, it received 52,470 visitors, up 59% from the previous year. The CLD committed resources to develop corporate, sport and cultural markets, notably by increasing representations at congresses and salons as well as taking part in about thirty sporting activities. Four social economy projects were financed by the CLD for a total of $65,000 and on May 22nd, 2013, the 5th edition of the Forum citoyen d’economie sociale took place.
The CLD provided this portrait of the industrial sector: there are 173 manufacturing enterprises on the territory, employing 4,015 people; of that number, close to 61% of those people work in 98 enterprises on the Magog-Orford territory; the sector that had the strongest growth when it comes to employment was the border region with the creation of 53 jobs, an increase of 8%; 44% of all industrial jobs on the territory are concentrated in businesses with more than 100 employees.