Networking event: public organizations turn their backs on the Conférence de Montréal

É Conference of Montreal

UPDATE DAY

Several state corporations and public organizations, which for years have been major sponsors of the Conférence de Montréal, have decided to reduce their support for the 2022 edition of the event, which has come to an end. Wednesday.

Investissement Québec (IQ), the Autorité des marchés financiers (AMF), Library and National Archives of Québec as well as the Business Development Bank of Canada (BDC) have all ceased to support the Conference of Montreal, we note by consulting the program of the event.

Plus a cent from the AMF and IQ  

For the AMF, this is an important change: for several years, the regulatory body acted as a “prestige partner” Conference of Montreal, which cost it $150,000 per edition.

For its part, IQ donated $85,000 to the event in 2019, $50,000 in 2020 and approximately $25,000 in 2021.

“This year's conference did not fit with Investissement Québec's business objectives,” commented a spokesperson for the state-owned company. , Dominik Boudreault Lapierre.

Hydro and Caisse less generous

The Caisse de dépôt and Hydro-Québec, two other major sponsors of the Conférence de Montréal, have reduced their contributions from $150,000 to $115,000 and from $100,000 to $80,000. $, respectively.

On the other hand, the governments of Quebec and Canada have maintained their contributions, which amount to $400,000 and $525,000 respectively. That of the City of Montreal has increased from $130,000 to $140,000.

This edition of the Conference of Montreal has received just over $1.5 million in contributions from from governments and public bodies established in Québec. In 2020, it was nearly $1.7 million.

Recall that in 2019, more than half of the Conference of Montreal budget was paid for by governments and public institutions , according to a compilation made at the time by Le Journal.

The Montreal conglomerate Power Corporation has been the title sponsor of the event for several years.