Laval, an Entrepreneurial City
With more than $15 billion invested since the early 2000s, Laval holds a strong position in the Canadian economy. These investments have provided Laval with all the necessary services and infrastructures needed to become a great economically dynamic city. As a result, with its involvement in global economic trade, Laval is one of the most entrepreneurial regions in Canada.
Economic Strengths of Laval
- Approximately one third of active Laval residents work in their own city, ranking the City's employment rate among the highest in Québec.
- In January 2011, there were 10,138 businesses in Laval employing 140,000 people, and contributing to a diversified solid economy, centred on value-added goods and services. The economic vitality of Laval is also linked to the efforts made by economic organizations to stimulate entrepreneurship.
- Laval Technopole, the economic development corporation, supports 4 lines of development: the Biopôle, the Industrial Pôle, the Agropôle and the e-Pole. The success of these poles is owed to the close ties created between the research centres, the universities, the businesses and the public services.
- Laval has 13 industrial parks.
- Laval, the horticultural capital of Québec. Laval has about one hundred agricultural producers generating $50 million in annual economic spinoffs.
Portrait of economic activities in Laval
|Agriculture, forestry, hunting, fishing||88|
|Mining, oil, gas||11|
|Transport and Storage||475|
|Finance and Insurance||265|
|Real Estate and Rental and Leasing Services||379|
|Professional, Scientific and Technical Services||1,266|
|Management of Companies and Enterprises||94|
|Administrative and Support, Waste Management and Remediation Services||640|
|Health Care and Social Assistance||752|
|Arts, Entertainment and Recreation ||130|
|Accommodation and Food Services ||750|
|Other services, except Public Administration||1,009|
Source: Statistics Canada, Canadian Business Patterns, January 2011