Québec City: Blending the Old and the New World

City Profile

Québec City is the capital of the province of Québec, Canada
Population: 791,934

  • Number 1 worldwide for its low operating costs among urban areas with 500,000 to two million inhabitants (KPMG Competitive Alternatives 2014)
  • Global innovation networks in life sciences, nutraceuticals and applied technologies
  • Perfect marriage of European and American cultures in business, innovation, and arts

Key Advantages

  • Lowest operating costs, affordable electricity rates, competitive salaries and unique fiscal programs
  • Industrial diversity driving innovation: Québec City among the top 10 North American cities (2thinknow)
  • With 400 labs, groups, consortiums, institutes and research centres: one of the highest concentrations of research facilities in Canada
  • Knowledge-oriented employment market with 1 in 2 jobs created in the knowledge economy combined with a specialized and highly educated workforce
  • Among the highest GDP growths in Canada
  • UNESCO World Heritage site within a vibrant city in harmony with its spectacular natural environment
  • Québec City is located within a 90 minute drive of the United States

Sector Strengths

  • Applied technologies

    Optics/photonics, defense and security, geospatial, digital arts and interactive entertainment, software and IT services.
  • Life sciences, health and nutrition

    Biopharmaceuticals, diagnostic, medical technologies and e-health, nutraceuticals, food processing and health foods. The region is home to 85 research centres, chairs and groups in life sciences and nutrition. Among them, Canada’s largest research groups dedicated to biomedical, infectious diseases and health foods.
  • Value-added materials and transportation equipment

    Plastics and composite materials, metallic structures and products, transportation machinery and equipment. These sectors play an important role in the regional economy with a total of 530 companies.
  • Insurance and Financial Services

    Insurances, brokerage activities, venture capital, credit and financing, investment funds, banking services. Home to 10 insurance company head offices, Québec City is the second-largest Insurance hub in Canada after Toronto.

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