Entrepreneur may be a French word, but Quebec is no leader when it comes to starting new businesses.
This province’s rate of entrepreneurship is well below the Canadian average, and slipping, figures from Quebec’s economic development ministry show. The rate of entrepreneurship in the province is 2.9 per cent, down from 3.4 per cent in 1987. The rate is also well below the Canadian average; only 6.9 per cent of those surveyed recently plan to start a business during their lifetime, compared with the Canadian average of 11.2 per cent.
The provincial government will outline a new policy to promote entrepreneurship in the coming months. Alain Paquet, the MNA for Laval-des-Rapides, is the co-president of a National Assembly committee working on the new policy. He said it’s crucial to stem the tide because within the next seven years, 30 per cent of all entrepreneurs will probably retire, which is double the rate of new entrepreneurs entering the marketplace.
To read the full, original article click on this link: Quebec plans to promote entrepreneurs
Author: Jason Magder
