Brossard, September 10, 2014 – Since its inception, the Fonds de solidarité FTQ and its network have invested more than $1 billion in Montérégie, thus contributing to creating and maintaining about 50,000 jobs in the region. The Fonds régionaux de solidarité FTQ Montérégie has been very active over the years, which illustrates the substantial economic role played by this business network in Québec’s regions.
“With a team of employees and a board of directors both committed to the region, the Fonds régionaux de solidarité FTQ has a good grasp of the issues companies and workers in the region are facing, which partly explains the added value we bring to the table,” adds François Morier, CEO of the Fonds régionaux de solidarité FTQ in Montérégie. “This way, entrepreneurs and workers in the region have access to professionals who understand their reality, and to professionals throughout the Fonds de solidarité FTQ network.”
Thanks to the support of 614,000 Quebecers who are saving for their retirement as owner-shareholders of the Fonds de solidarité FTQ, in 2013 several major projects received financial support from the Fonds régionaux de solidarité FTQ in the Montérégie region. For example, Secco International, a company that specializes in manufacturing and marketing ventilation systems for agricultural buildings, received financial backing to support its explosive growth.
With a presence throughout Quebec, the 16 regional funds and 83 local funds are part of the Fonds de solidarité FTQ network, and each benefits from the resources and support that are available across Quebec’s territory. “The strength of our network rests on the fair and acceptable integration of our global vision and regional outlooks,” claims Luc Pinard, President and CEO of the Fonds régionaux de solidarité FTQ. “With assets of $10.1 billion and more than 2,450 partner companies, the Fonds and its network have the resources required to provide solid support for the economic development of Québec’s regions.”
The Fonds immobilier de solidarité FTQ is also part of the network, which acts as an economic catalyst by investing in real estate projects in the residential, commercial, office and industrial real estate sectors. The Fonds fulfills this role by forging partnerships with real estate builders and developers that are active across the province. At May 31, 2014, the Fonds immobilier had 30 buildings under its management and 18 million square feet of land to develop, with $54 million earmarked for affordable housing, social and community development, and 30 real estate projects with a total value of $1.6 billion currently under development. For example, in Montérégie, last spring the Fonds immobilier and its partner, Groupe Lobato, broke ground on the construction of Phases 4 and 5 of the Saint-Bruno sur le lac residential development, a total of 73 condominiums and townhouses. The partners also finalized the construction of 36 condo units for the Havre du Richelieu project in Saint-Jean-sur-Richelieu. In addition, the Fonds immobilier also helped finance L’Audeberge in St-Paul d’Abbotsford, a residence for individuals with autism and pervasive developmental disorders.
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Information:
For media representatives only:
Patrick McQuilken
Fonds de solidarité FTQ
Phone: 514 850-4835
Mobile: 514 703-5587
Email: pmcquilken@fondsftq.com
For Fonds de solidarité FTQ shareholders:
Shareholder Services
Fonds de solidarité FTQ
Montréal: 514 383-3663
Québec City: 418 628-3663
Toll free: 1 800 567-3663