Created on 3/26/2021 11:48:32 AM
March 26, 2021 — Food, Health & Consumer Products of Canada (FHCP) commends the Quebec government for tabling a budget centered around economic recovery and growth. Measures like tax incentives for technology investments and the expansion of support programs for business who are struggling are key in strengthening the province’s economy now and in the future.
“Investments in upscaling operations and growing in innovations have always been at the centre of a sound economic strategy, and we are very glad to see Quebec embracing them” said Michael Graydon, CEO of FHCP. “At a time when manufacturers are doing everything they can to support the Quebec economy, the government’s support in adapting to new realities and strengthening the businesses environment now and after the pandemic will be critical for our members.”
Measures like the Investment and Innovation Tax Credit and support for regional economic growth and manufacturers of all sizes will help boost the economy. Investments in skills development and integration of immigrants into the workforce will help address both local and province-wide challenges for businesses and the workforce.
We are also pleased to see that the Quebec government recognizes the continued challenges that businesses face by lowering the tax rate for SMEs, while expanding funding for COVID-19 support programs like the Concerted Temporary Action Program for Businesses (PACTE) and the Emergency Assistance Program for Small and Medium-Sized Businesses (PAUPME).
We will work closely with the Quebec government to ensure that we can continue to operate, support our essential workers and provide essential products on store shelves.