17 Jun 2014

Raymond Chabot Grant Thornton is delighted to have been retained by the Board of Trade of Metropolitan Montreal to work on the study “Transferring businesses to the entrepreneurial succession: a major issue for the Québec economy and the sustainability of SMEs“. Released this June 3, the study generated keen interest from the media, the public and the players concerned by the entrepreneurial succession issue.

In particular, it shows that over the next 10 years, the Québec economy will be subjected to real pressure related to the entrepreneurial deficit:

  • Between 5,700 and 10,000 Québec businesses could close their doors;
  • 79,000 to 139,000 jobs are at stake;
  • The economic losses anticipated range between $8.2 billion and $12 billion of GDP.

The main conclusions of this study produced by Raymond Chabot Grant Thornton were reported in various media:

Raymond Chabot Grant Thornton is proud to have also been a partner in the activities held during RDV Relève incMC, an annual province-wide initiative created by Fonds de solidarité FTQ and the Board of Trade of Metropolitan Montreal to deal more effectively with the entrepreneurial succession issue.

Dragon’s Den

A series of activities were held in Montréal, Valleyfield and Québec City, from June 3 to 5, to raise awareness and promote and facilitate business transfers. Éric Dufour, Édith Pion, Steeve Vachon and Sylvain Darche participated in luncheon discussions highlighting business transfer success stories. They also took part in “Défis repreneurs” (Buyers’ Challenges), inspired by the concept of the international hit show Dragon’s Den. The winning buyers were awarded personalized coaching provided by Raymond Chabot Grant Thornton.