The federal government is investing $7 million to help attract more foreign businesses to the Greater Montréal area.

Canada Economic Development for Quebec Regions (CED) announced the funding for Montréal International to enhance its capacity to attract, welcome and support international investors and organizations looking to establish or expand in the region.

The government is looking to build on Montréal International’s strong track record. In 2025, the organization supported 54 projects representing $2.628 billion in investments. The funding is provided through the Quebec Economic Development Program, which supports communities in pursuing economic growth and diversification opportunities.

The announcement was made by Carlos Leitão, Member of Parliament for Marc-Aurèle-Fortin and parliamentary secretary to the minister of industry and minister responsible for CED, during the unveiling of Montréal International’s 2025 results.

“In a highly competitive global environment, it is essential to support organizations in Montréal’s ecosystem that showcase the metropolis’s multiple assets on the international stage,” said Mélanie Joly, the industry minister and minister responsible for CED, in a news release.

“By investing to assist Montréal International, we are strengthening the Greater Montréal area’s appeal and attracting foreign investment that makes it possible to create quality jobs and strengthen industrial competitiveness. Together, we are building a strong, reliable Canadian economy.”

Montréal International will continue to lead prospecting efforts and deliver specialized services to foreign companies, supporting their establishment, growth and long-term presence in the metropolitan area.

Backed by federal and partner funding, Montréal International helped generate 3,720 jobs in 2025 alone. Its efforts are focused on key sectors aligned with federal priorities, including defence and aerospace, life sciences, clean technology, and information technology and AI.

“For nearly 30 years, Montréal International has been acting with conviction to generate wealth in the metropolitan region by focusing on international connections,” said Stéphane Paquet, the group’s president and CEO. “This support reaffirms the strategic importance of attracting foreign investment, while also recognizing our teams’ know-how in targeting the most promising projects for our economy. We are mobilized, committed and ready to deliver.”

CED serves as the federal government’s primary partner for regional economic development in Quebec, working through a network of 12 business offices to support companies, organizations and communities across the province.