Canada Economic Development for Quebec Regions (CED) announced a $2,350,000 contribution for the Chantier de l’économie sociale to support collective enterprises and promote under-represented groups in the social economy sector. The funding will assist in providing specialized technical assistance to meet regional needs, contributing to Quebec’s economic development. The investment aims to foster a more sustainable, inclusive, and locally-based economy, benefiting communities across the region. The Chantier de l’économie sociale, established in 1997, plays a pivotal role in promoting and developing collective entrepreneurship in Quebec. This funding underscores the government’s commitment to building a stronger, more resilient, and more sustainable economy through innovative businesses and organizations within communities.
The economic vitality and growth of our communities rely on strong, resilient, and innovative businesses that have a positive impact locally. The Chantier de l’économie sociale, through its support for businesses in the social economy ecosystem, exemplifies this impact. I am thrilled with the CED funding announcement today as it propels collective entrepreneurship towards a sustainable development perspective, enriching our economy, expressed the Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED.
Béatrice Alain, Director General of the Chantier de l’économie sociale, highlighted, This announcement recognizes the capacity of the Quebec social economy movement to build a greener, more inclusive, and democratic economy. The CED funding, in conjunction with existing resources, will empower the creation and growth of innovative businesses that offer collective solutions to shared challenges.
Through the Quebec Economic Development Program, CED aims to support communities in diversifying their economic opportunities for sustained growth. With SMEs contributing significantly to Quebec’s economy, CED remains a key federal partner in regional economic development. The social economy sector in Quebec, comprising over 11,200 businesses providing employment for approximately 220,000 individuals and generating $48 billion in revenue, plays a crucial role in the region’s economic landscape. By empowering collective enterprises and promoting sustainable development, Canada’s investment in the Chantier de l’économie sociale underscores a commitment to fostering a resilient and inclusive economy across Quebec.
