03 Jun 2014

Transferring businesses to the succession: a major issue for the Québec economic and SME sustainabilityThe Board of Trade of Metropolitan Montreal today released a study produced in collaboration with Raymond Chabot Grant Thornton which, for the first time, unveils the major economic impacts that lie in wait for the Québec economy if the current SME owners do not have a climate more favourable to business transfers.

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 projected economic losses fluctuate between $8.2 billion and $12 billion of GDP.

Given the importance of the issue taking shape for Québec’s economic future, Raymond Chabot Grant Thornton is calling for mobilization. Business people, citizens and political decision-makers must mobilize to offer our companies a favourable climate for business transfers!

To obtain the study produced under the leadership of Partners Guy Barthell and Éric Dufour, supported by their respective teams, visit the Board of Trade of Metropolitan Montreal website.