Sign up for our newsletter and get a curated list of the top trending stories and exclusive rewards every day.

Trending Topics

Get the MTL Blog app

Download on the App StoreGet it on Google Play

Montreal Revealed Its Expensive Plan To Save The City's Small Businesses

The city is taking "concrete action."
Staff Writer
Montreal Unveiled Its Plan To Boost The Economy & Revive Your Favourite Businesses

Montreal's economic recovery plan was unveiled on Wednesday afternoon. Mayor Valérie Plante, accompanied by Luc Rabouin, outlined an action plan to revive the city's economy. The mayor explained that Montreal aims to boost the economy with "concrete actions" over the next six months. 

Nearly $22 million will be invested to revitalize the city's economy and "propose steps to promote a long-term, green, and resilient economy." 

"[The] recovery plan calls on all municipal leverage and involves infrastructure and transportation projects, supply processes, taxation, and support measures for businesses to stimulate our city's economic development," explained Mayor Plante in a statement.

"We are able to announce investments of nearly $22 million, as well as 20 measures that we intend to launch over a six-month period to revitalize Montréal's economy." 

The expansive and ambitious plan includes everything from the development of "a permanent urban, carbon-free bicycle delivery service" to "accelerate the planning and decontamination of land having an economic vocation in
the East End of Montreal." 

Rabouin explained at a press conference that the investments will focus on sectors where the city believes it can make a "real impact." 

Here are some of the plans for Montreal's economic recovery.

"The economic recovery plan can be summarized as a two-phase plan," said Mayor Plante. 

"There's the immediate action and the question of how we can continue to revive the economy." 

The city will focus on four main branches of investments: 

  • $5.6 million will go to "revitalizing commercial streets and supporting business owners." 

  • $4.8 million will go to "helping businesses with debt issues, transforming their business models, supporting startups and social economy." 

  • $10.5 million will go to develop the city and create "new programs to support sustainable investment." 

  • $1.1 million will go to "supporting and coordinating initiatives for growth, research, data and training." 

READ ALSO: Beaches Across Quebec Are Officially Reopening Next Week

With investments for public transportation, housing, the "circular economy," local industries, artists, and communities, Montreal's recovery plan aims to lift the city out of the crisis. 

"Long term, [the plan] will provide a necessary boost to Montreal's economic ecosystem to ensure its longevity and revive the dynamics for which it is known," said Rabouin.

Of the 20 planned measures, several will directly benefit the development of new programs that will go to social funding, help start-ups connect with large companies, decontaminate land, open artist workshops, assist independent theatres, cinemas, venues, and more. 

Montreal is expected to begin its next reopening phase on June 22 when restaurants, gyms, and theatres are allowed to reopen with limited capacity; due to higher cases than in surrounding areas, it has been put on a slower progression plan. 

More from MTL Blog

Comments 💬

Our comment section is a place to promote self-expression, freedom of speech and positivity. We encourage discussion and debate, but our pages must remain a safe space where everyone feels comfortable and the environment is respectful.

In order to make this possible, we monitor comments to keep spam, hate speech, violence, and vulgarity off our pages. Comments are moderated according to our Community Guidelines.

Please note that Narcity Media does not endorse the opinions expressed in the comment section of an article. Narcity Media has the right to remove comments, ban or suspend any user without notice, or close a story’s comment section at any time.

First and last names will appear with each comment and the use of pseudonyms is prohibited. By commenting, you acknowledge that Narcity Media has the right to use & distribute your content across our properties.