Why is Montreal the right place to launch your business? Here are five reasons why Montreal, particularly the Saint-Henri neighborhood, is the right place to open your business.
Reason #1: A Dynamic City with a Highly Skilled Workforce
Montreal is an urban agglomeration of knowledge, culture and joie de vivre. No wonder why thousands of people choose to settle in the city every year, thanks to the exceptional quality of life and the stimulation work opportunities. In fact, this city generates about a million jobs in various sectors, according to the Ministry of Immigration, Frenchisation and Integration.
Moreover, Montreal has several universities where qualified professionals are trained every year. Some universities also offer internship programs to their students, allowing companies in Montreal to get easy access to a qualified workforce at a reasonable price, while students can gain experience in the field.
We ought to mention that the cost of living in Montreal is highly affordable compared to other large Canadian cities. With more money in our pockets, Montreal consumers have greater purchasing power. It is therefore easier to develop one’s business in Montreal, in addition to having access to a large pool of qualified workers.
Reason #2: Launch Your Business in a City That’s Easy to Explore!
Since Montreal has access to an impressive pool of talent, it is important to launch your business in a location that is easily accessible! Thanks to its ultra-efficient public transportation network (metro, trains and buses), the entire city is easily accessible for all workers and employers. Montreal is also a city with an excellent walk score for those who prefer to walk.
Of all the boroughs in the Greater Montreal area, the Sud-Ouest borough, particularly the Saint-Henri district, is one of the best choices for starting your business. Elected 2nd best neighborhood in Montreal to live in, Saint-Henri is a lively and surprising borough. This constantly evolving district continues to surprise those who visits. Saint-Henri is a place where gastronomy, music, history and vast green spaces meet and mingle. Everything is within easy reach; you can quickly get there by car, by public transit (Lionel-Groulx and Place-Saint-Henri metro stations), or by bike (a bike path along the Lachine Canal).
Reason #3: Programs Available to Support Entrepreneurs
In Montreal, startups will never be short of resources! Some organizations, like the Chambers of commerce, the Community Economic Development Corporations, the Canada Startups organization, and even several coworking spaces offer financing, mentoring, work space, and much more to support you. Here are a few examples of useful resources:
École des entrepreneurs du Québec: It provides consulting services, coaching and training to young entrepreneurs. You can as well enjoy some free information sessions, workshops and conferences organized by them every year.
PME MTL: It provides support, training and financing for new entrepreneurs. The CréAvenir program is also available to assist entrepreneurs under the age of 35.
Jeune chambre de commerce de Montréal – It helps entrepreneurs build their social network by connecting them with other young entrepreneurs who share the same concerns and ambitions.
Reason #4: Tax Advantages for Businesses
The Québec government supports entrepreneurship in the province, among other things, by taxing incorporated businesses at a reduced rate, offering tax deferrals or no tax at all on losses, allowing business managers to choose how they pay their employees (dividends or salaries) and implementing many programs to help those with an entrepreneurial spirit to make their dreams come true.
Reason #5: To Get Access to the International Market
There aren’t many other cities like Montreal that give local merchants access to an international market. Thanks to its multiculturalism and unique openness to the world, Montreal attracts professionals and entrepreneurs from all over the world, making it an ideal place to launch your business and make important connections.
Want to start your business in Montreal? Nuage B can help you! Nuage B’s location makes it readily accessible, as our business centre sits in the middle of many other companies that specialize in various fields. Nuage B offers fully furnished offices in a trendy neighborhood next to anything you may need to work better and make your business grow! Contact us to learn more!
