Raison d'être, mandate and role
Canada Economic Development for Quebec Regions (CED)’s mission is to promote the long-term economic development of the regions of Quebec by giving special attention to those where slow economic growth is prevalent or opportunities for productive employment are inadequate.
Mandate and role
CED is part of the Innovation, Science and Economic Development Portfolio, which is comprised of 17 federal departments and agencies, including the regional development agencies (such as CED) and other federal agencies, such as the National Research Council (NRC) and the Business Development Bank of Canada (BDC). Their mandate is to further the government’s goal of building a knowledge-based economy in all regions of Canada and to advance the government’s jobs and growth agenda.
CED is the key economic development player for Quebec’s regions for small and medium-sized enterprises (SMEs). In order to accomplish its core responsibility, which is economic development in Quebec, CED fosters business start-ups and growth. It helps them become more innovative, productive and competitive. It supports efforts to engage the regions of Quebec and attract investments that will help boost the economic well-being of Quebec and Canada.
CED contributes to the economic vitality of all of Quebec’s regions by leveraging their competitive regional advantages, such as wind power and marine technologies. It also supports the transition and diversification of communities that remain dependent on a limited number of sectors or that have been affected by an economic shock, such as the closure of the chrysotile mines.
CED achieves its results by supporting businesses, primarily SMEs, and non-profit organizations (NPOs), through strategic investments. Through its 12 business offices across Quebec’s regions and the relationships it has developed with other economic development players, CED stays abreast of the needs of the regions and businesses and is able to offer financial support to carry out projects that support businesses and communities in their economic development efforts.
For more information on the organizational commitments in the department's mandate letter, refer to the Minister's mandate letter.
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