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Analysis of the economic impacts of the Immigrant Investor Program

Aviseo studied the economic benefits of the Immigrant Investor Program, which, since 1985, has allowed immigrants to settle in Quebec in exchange for a $1.2 million interest-free guaranteed loan, which is then invested by Investissement Québec. Returns are redistributed to Quebec SMEs as subsidies, which has allowed for the development of a number of projects, mainly in the manufacturing industry outside of the Montreal region. Subsidies have a lasting effect—investments from the last 10 years will have benefits until 2035, 75% of which are associated with SME projects.

Banque nationale - Programme des immigrants investisseurs

Key figures

$1.02 billion in returns over 10 years.
$165,000 of returns generated on average for every $1.2 million loan.
$477 million provided to SMEs.
3,747 investment projects received subsidies.
$8 billion value of funded projects.
Nearly 80% of subsidies were given to businesses in the manufacturing industry, which accounts for less than 15% of Quebec’s economy.
$1.52 billion in economic spinoffs.
17,042 jobs supported or created.
The average salary for these workers is $50,000.
$308 million in net revenue for Quebec.
85% of subsidies allocated in regions outside of Montreal.