2012-2013 BUDGET - Press release no. 10 of 17 - $463 Million to Develop Tourism in Québec
QUÉBEC, March 20, 2012 /CNW Telbec/ - "Québec must offer a renewed
experience to foreign tourists to effectively compete against other
international destinations. The Québec government is creating IQ
Tourisme, within Investissement Québec, and is planning measures
enabling unprecedented investments of $463 million over the next five
years," the Minister of Finance, Raymond Bachand, said today in tabling
the Québec government's Budget 2012-2013.
$240 million to modernize accommodation establishments
The accommodation offering is a major component of the tourist
experience and influences the ability of a destination to attract and
renew its customer base. To accelerate and intensify such
infrastructure investments, Budget 2012-2013 is implementing a
refundable tax credit that will help support investments $240 million,
thus fostering the modernization of the tourist accommodation offering
in the regions.
$85 million to develop tourist attractions
"A new loan and loan guarantee program will be put in place for tourism
businesses. The program will have an envelope of $85 million over the
next five years, which will generate investment of more than $160
million in the industry. This program, managed by Investissement
Québec, will seek to stimulate private investment to renew Québec's
tourism offering. It will support the development of innovative
products that complete existing ones," the Minister announced.
$22.5 million in funding for festivals and events
"Festivals and events make a significant contribution to the attraction
of Québec on the international market and to Québec's visibility
abroad. They are also a source of wealth for every region of Québec,"
the Minister said.
Additional funding of $2.5 million the first year and $5.0 million in
subsequent years, is stipulated to bolster the Aide financière aux
festivals et évènements touristiques program, for a total $22.5 million
over five years. These additional funds will in particular provide
ongoing support for innovation and new product development.
$35 million in national parks and reserves
"Green spaces are a tourist attraction that also improve the quality of
life of Quebecers. To continue, consistent with sustainable
development, the consolidation and development of protected lands and
their facilities, the Société des établissements de plein air du Québec
(Sépaq) will invest a total of $35 million over the next two years. In
particular, these funds will be used to upgrade the Parc national des
Îles-de-Boucherville, the Parc de la Chute-Montmorency, and the Parc
national des Grands-Jardins in the Charlevoix region," the Minister
"The tourism sector generates significant spinoffs in Québec's economy.
In 2010, almost 8.1 million tourists from outside Québec spent close to
$3.6 billion here. This makes tourism Québec's fourth largest export
product. The sector also creates employment and, in 2010 generated
140 600 direct jobs spread throughout Québec's regions," the Minister